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. Last Updated: 07/27/2016

Ericsson Bags Contract

STOCKHOLM, Sweden -- Swedish telecommunications giant Ericsson has won a $22 million contract from the Russian wireless network operator VimpelCom for the expansion of its Digital Advanced Mobile Phone System mobile network in the Moscow area, Ericsson said Tuesday.

The expansion will allow VimpelCom to enhance network coverage and capacity in response to rapidly growing subscriber demand in the Moscow area and several adjacent regions, the Swedish group said.

VimpelCom, which sells its services under the Bee-Line trademark, is the largest wireless operator in Russia and the CIS, with more than 110,000 subscribers in its Moscow network.