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Croatia's Ericsson Nikola Tesla, Crnogorski Telekom sign 50 mln kuna (6.73 mln euro) cooperation deal

Croatia's Ericsson Nikola Tesla, Crnogorski Telekom sign 50 mln kuna (6.73 mln euro) cooperation deal Crnogorski Telekom shareholders' meeting; Source: Crnogorski Telekom

ZAGREB (Croatia), December 19 (SeeNews) - The Croatian subsidiary of Swedish telecommunications equipment producer Ericsson said it reached with Montenegrin telecommunications provider Crnogorski Telekom (CT) a cooperation agreement worth more than 50 million kuna ($7.68 million/6.73 million euro) on Wednesday.

Under the deal, Crnogorski Telekom's radio network will be upgraded with the latest products and solutions by Ericsson radio system (ERS) which support existing technologies and will be made ready for the upcoming 5G mobile technology, Ericsson Nikola Tesla said in a filing to the Zagreb Stock Exchange (ZSE).

The collaboration will also include an upgrade of CT's existing mobile core network with the introduction of Ericsson software solutions. 

In the past three years, CT has invested over 250 million kuna in mobile network development, as it is the leader of the digitization process in Montenegro.

(1 euro = 7.41234 kuna)

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