November 17 (SeeNews) - Croatian ICT solutions provider Ericsson Nikola Tesla [ZSE:ERNT] said on Thursday it signed with Bosnia's Hrvatske Telekomunikacije Mostar (HT Mostar) deals worth 57 million kuna ($7.8 million/7.6 million euro) for the upgrade and expansion of the telco’s LTE RAN network and transmission network.
The deals represent a continuation of long-term cooperation between the two companies, Ericsson Nikola Tesla said in a filing tot he Zagreb bourse.
“With our long-term reliable partner Ericsson Nikola Tesla, we have contracted the final phase of the 4G/4G+ mobile network implementation project while respecting the highest security standards. Based on these contracts, we will increase coverage and capacity as well as provide our users with higher speeds and a better user experience on the road to 5G,” CEO of HT Mostar Vilim Primorac said in the same press release.
Ericsson Nikola Tesla's shares last traded on Wednesday closing up 0.32% at 1,570 kuna.
(1 euro = 7.543 Croatian kuna)