Ericsson to Update Egypt Telecom
Feb. 25, 2002
STOCKHOLM, Sweden (AP) _ LM Ericsson has signed a deal worth $175 million over five years to help Telecom Egypt expand and modernize its fixed-telephone network, the telecommunications group said Monday.
The Stockholm-based company said an important element of the agreement is to accelerate the transformation of the core backbone network into one that is capable of handling both voice and data calls.
Egypt Telecom was established in 1918 as the Egyptian Telegraph and Telephone Administration and has within the last two decades adopted an ambitious plan to review and develop the switching and transmission network facilities, according to a news release.
Ericsson has more than 85,000 employees and operations in some 140 countries.
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