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. Last Updated: 07/27/2016

Ericsson Switch Deal

STOCKHOLM () -- Swedish telecommunications giant Ericsson has signed a draft $145 million agreement with Russian telecom investment company Svyazinvest to provide AXE switching equipment and services during 1997 to 1999, Ericsson said Thursday.

The equipment would be delivered to the regional telecom operators and the exact location of installations would be defined by Svyazinvest.