Ericsson Nikola Tesla has secured new contracts worth 38 million kuna

The Croatian technology company Ericsson Nikola Tesla (ENT) announced on Wednesday that it has signed new contracts worth 38 million kuna in the domestic as well as in export markets.

For clients in the Kosovo and Belarusian markets, it will work on expanding the mobile networks of operators BeCloud, A1 Belarus, and Ipko.

The Zagreb-based ENT, an associated member of the Swedish corporation Ericsson, has also secured new contracts in Croatia. A contract related to the project Development and Upgrade of the One Stop Shop (OSS) of the joint information system of land registries and cadastre (ZIS) has been signed with the Ministry of Justice and Administration and the State Geodetic Administration.

In the first three quarters of this year, ENT achieved an operating profit of 132.2 million kuna, which is 73.3 percent higher than the results achieved last year, while net profit was higher by 70.9 percent. Presenting the financial results for the first nine months of operations Gordana Kovačević, CEO of Ericsson Nikola Tesla, also highlighted that the company has employed 347 experts in information and communication sciences this year to remain competitive and continue developing new solutions and products.

– The most significant event of the third quarter, which will impact the entire telecommunications market of the Republic of Croatia, was the public auction of frequency spectrum for the 5G network held in August. The allocation of 5G spectrum to operators in Croatia has opened a new chapter in the implementation of 5G technology, which has the potential to transform our economy. Therefore, in collaboration with all stakeholders in the ecosystem, including key operators, industry, public administration, and the education sector, we will strive to make the best possible use of the 5G innovation potential to create new opportunities and revenues in various sectors – Kovačević described what the company will focus on in the upcoming period.

On a global level, the Ericsson group is expected to finalize the $6.2 billion acquisition of Vonage, a global cloud communications provider, in the first half of 2022. With this acquisition, Ericsson aims to expand globally into the wireless business, which it has already begun by integrating Cradlepoint in September 2020. 

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