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. Last Updated: 07/27/2016

Phone Intent Declared

STOCKHOLM () -- Swedish telecommunications group LM Ericsson AB said Tuesday it had signed a declaration of intent with the Russian Communications Ministry to extend the country's public telecommunications network.

An Ericsson spokesman said the company was likely to supply public exchange systems to Russia, but that the order's value was difficult to estimate.

"This is absolutely not an order. It is a declaration of intent to take part in the extension of the network," the spokesman said.