ZAGREB (Croatia), July 27 (SeeNews) – Zagreb-based telecommunications equipment manufacturer Ericsson Nikola Tesla said on Thursday it has signed an 11 million kuna ($1.7 million/1.5 million euro) deal with Bosnian telco HT Mostar to modernise its radio access network.
The implementation of the project will start immediately, Ericsson Nikola Tesla said in a filing with the Zagreb Stock Exchange.
The Croatian company has performed many projects for HT Mostar in the past.
The government of the Federation of Bosnia and Herzegovina owns 50.1% of HT Mostar, Croatia's Hrvatski Telekom holds a 39.1% stake and Croatian postal operator Hrvatske Poste owns 5.23%.
The Federation is one of the two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro=7.40867 kuna)