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Russia’s MTS Raises Ericsson Contract to Over $1.5 Billion

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Russia’s biggest mobile phone operator MTS said on Friday it had increased its contract with Swedish telecom equipment supplier Ericsson to more than $1.5 billion.

MTS said it had signed an additional $286 million contract with Ericsson for the expansion and modernisation of its 2G, 3G and LTE (Long-Term Evolution) networks across Russia. Original post at Reuters

Wahengbam Rorrkychand

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