Ericsson signs $45 million telephone cable network contract in Turkey.STOCKHOLM, Sweden--(BUSINESS WIRE)--July 9, 1996--Ericsson has signed a contract with the Turkish public telecommunications company See telecom company. Turk Telecom for an extensive cable network project in Turkey. The contract, that is valued at approximately SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 300 million over a three-year period, includes engineering, design, civil works, installation and delivery of cable and network material for the European part of Istanbul. "We are very pleased that, we once again, have been entrusted with the task of further expanding the telecom network in the European part of Istanbul," says Johan Bruce, General Manager of Ericsson Telekomunikasyon, Turkey. In earlier projects Ericsson has installed about one million subscriber lines The line from the customer site to the local telephone company. See subscriber network. within the same area. With this new project, that also includes an option for Turk Telecom to expand the contract until 2002, Ericsson is the biggest cable network construction company in Turkey. Ericsson's 85,000 employees are active in more than 100 countries. Their combined expertise in switching, radio and networking makes Ericsson a world leader in telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. . CONTACT: Ericsson, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Kathy Egan or Lars Jonsteg, 212/685-4030 |
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