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MTN inks $388m deal with Ericsson on African, Mid-East
network expansions
January 30, 2007 - 9:55AM
South African mobile operator MTN has signed a $388-million
memorandum of understanding with Ericsson to expand network operations
across Africa and the Middle East.
The focus of the agreement is on infrastructure expansion, network
rollout, upgrading of base stations and the introduction of new
technologies into the region.
The MTN group operates in Botswana, Cameroon, Cote d'Ivoire, Nigeria,
Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Swaziland,
Uganda and Zambia.
The acquisition of Investcom added Afghanistan, Benin, Cyprus, Ghana,
Guinea Bissau, Guinea Republic, Liberia, Sudan, Syria and Yemen to the
company's portfolio.
Ericsson's involvement in Africa and the Middle East spans the full
spectrum of telecoms, from infrastructure to value-added services.
Ericsson has agreements with more than 50 mobile and over 20
fixed-operators in sub-Saharan Africa. |
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