ERICSSON AND ECONET SIGN USD 110 MILLION EXPANSION CONTRACT IN NIGERIA
Ericsson and Econet Wireless Nigeria have signed a GSM expansion contract valued at USD 110 million. When completed, the expansion will result in greater geographic coverage for the operator and will double the network capacity.
Ericsson will deliver core and radio network equipment. The first phase of the project is being implemented now and shipments for the second phase are beginning immediately.
The Ericsson expanded network will provide Econet with a flexible and robust network that will sustain rapid subscriber growth and facilitate the easy introduction of services to its customers. Econet currently has more than one million subscribers nationwide. Capacity boosts will be especially important in high traffic areas like Lagos, Port Harcourt, Abuja and Kaduna, among other densely populated areas.