SITRONICS and MGTS Sign Agreement for Delivery of Equipment
OREANDA-NEWS. JSC SITRONICS ("Sitronics" or "The Company") (LSE: SITR), a leading provider of telecommunications, IT and microelectronic solutions in Russia and the CIS with a growing presence in other EEMEA emerging markets, and JSC Moscow City Telephone Network ("MGTS") announced that they have signed a US$8 million agreement for the delivery of TENNET equipment, to be used in the creation of MGTS’s Next Generation Network (NGN).
The delivery and assembly of the equipment will start in the third quarter of 2007.
Within the framework of the agreement, SITRONICS Telecommunication Solutions will deliver subscriber gateways for 200,000 transit ports, in order to transfer existing analogue network subscribers to the newly created NGN network.
SITRONICS Telecommunication Solutions will supply its own software and hardware switchboards for the management of subscriber and trunk gateways. The trunk gateways previously delivered by SITRONICS will be used to enable the existing network to function in conjunction with the new NGN network.
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