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Dec 08, 2023 15:37 EEST
December 8 (SeeNews) - Croatia's Ericsson Nikola Tesla [ZSE:ERNT] said on Friday that, as a leading partner in a local consortium, it has signed a 52 million euro ($56 million) contract with state-owned telecommunications services provider Odasiljaci i Veze (OiV) for the design and construction of an aggregation network in eastern Croatia.
The project is part of the development of the national broadband infrastructure for the Next Generation Network (NGN), Ericsson Nikola Tesla said in a filing to the Zagreb bourse.
The consortium consists of Ericsson Nikola Tesla's subsidiary Ericsson Nikola Tesla Servisi, which provides services related to telecommunication network infrastructure, and local IT company Supra Net.
The project comprises six transition nodes - Bjelovar, Kutina, Virovitica, Slavonski Brod, Vinkovci, and Osijek. Each node serves as an independent unit covering a specific area, providing access to high-speed internet for smaller towns and rural areas.
Shares in Ericsson Nikola Tesla traded 1.52% lower at 194 euro on the Zagreb bourse by 1315 local time on Friday.
($ = 0.927 euro)
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