ZAGREB (Croatia), November 2 (SeeNews) – Croatian telecommunications equipment maker Ericsson Nikola Tesla said on Monday it has signed deals worth a combined 31 million kuna ($6.3 million/4.3 million euro) with companies from Bosnia and the Commonwealth of Independent States (CIS).
The CIS contracts comprise export deals for the Russian Federation market, as well as for the markets of Georgia, Moldova and Kazakhstan. Their scope covers extension of current fixed and mobile networks, the Croatian company said in a statement posted on its website.
An agreement has been signed with MagtiCom, the biggest mobile operator in Georgia, for the delivery of fibre optic equipment for its optic backbone network, the statement added.
The project will be implemented in the next 12 months.
Interdniestrcom, a telecoms operator based in Moldova's breakaway region of Transdniestria, has ordered new quantities of broadband access nodes, mobile network equipment, as well as an IP-business communication system of the MX-ONE type, the statement said.
The Croatian company also said it has signed a contract with Russian operator Sibirtelekom for the extension of its fixed network in Tomsk. A deal was also concluded on state-of-the-art IP-oriented solutions for business users to meet the requirements of the CIS market, the statement said.
“The major telecom operator in Bosnia, BH Telecom, and Ericsson Nikola Tesla signed a new contract on extension of [the] BH Telecom service network,” it added.
Ericsson Nikola Tesla, one of the 24 blue chips on the Zagreb Stock Exchange, was trading down 3.72% at 1,306 kuna by 1031 GMT on Monday.
Swedish telecoms equipment giant Ericsson owns 49.07% of the Croatian company.
(1 euro = 7.23 Croatian kuna)