Croatia's Ericsson Nikola Tesla Signs 32 Mln Kuna (4.4 Mln Euro) Network Upgrade Deal with Bosnia's BH Telecom

"The contract covers the delivery, installation and integration of the equipment, i.e. it is based on a turn-key principle. [...] The realisation of the above projects starts immediately," the Croatian company said in a statement filed to the Zagreb Stock Exchange.

State-owned BH Telecom is the largest of the three telecoms operating in post-war Bosnia, which comprises a Muslim-Croat Federation and a Serb Republic. The other two Bosnian telecoms are HT Mostar, which is active in the Federation, and Telekom Srpske, which operates in the Serb Republic.

BH Telecom (www.bhtelecom.ba) provides fixed-line and mobile voice services and ADSL Internet access services.

Ericsson Nikola Tesla shares were trading up 0.01% at 1,500 kuna by 1021 GMT on Thursday.

(1 euro=7.2756 Croatian kuna)