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Dec 07, 2023 14:23 EEST
December 7 (SeeNews) - Croatia’s Hrvatski Telekom [ZSE:HT] and its subsidiary in Montenegro, Crnogorski Telekom [MNG:TECG] have selected Croatian ICT solutions provider Ericsson Nikola Tesla [ZSE:ERNT] as the sole supplier of software and connected services for implementation of its new 4G/5G Core network, Ericsson Nikola Tesla said on Thursday.
"Ericsson’s cloud-native dual-mode 5G Core will be implemented and integrated into Hrvatski Telekom’s and Crnogorski Telekom’s new generation T-CaaS cloud infrastructure," Ericsson Nikola Tesla said in a press release. It did not disclose the value of the deals.
This latest agreement continues the long-term cooperation in the implementation of Ericsson’s most advanced communication solutions, which Ericsson Nikola Tesla successfully implements in the markets of Croatia and Montenegro, it added.
The deployment of the new 5G Core network ensures that Hrvatski Telekom and Crnogorski Telekom can provide their customers with faster introduction of new services and features. It also enables the introduction of 5G standalone network (5G SA) that uses the latest 5G technologies such as network slicing and edge computing, and with it the offer of new innovative services to customers.
In a separate press release on Wednesday, Hrvatski Telekom said it is starting preparations for shutting down 3G technology and expects to complete the entire project by early 2025.
Deutsche Telekom Europe owns 53.02% of Hrvatski Telekom, which controls 76.53% of Crnogorski Telekom.
Shares of Ericsson Nikola Tesla and Hrvatski Telekom traded flat at 195 euro ($210) and 26.50 euro, respectively, on the Zagreb bourse by 1234 local time on Thursday. Shares of Crnogorski Telekom also traded unchanged at 1.80 euro by the same time on the Montenegro Stock Exchange.
($ = 0.928 euro)
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