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Veon revises Ericsson contract, to receive USD 350 mln

2019-02-25 06:11:00| Telecompaper Headlines

(Telecompaper) Veon has revised its contract with Ericsson to upgrade its core IT systems in several countries in the coming years and to release Ericsson from the development and delivery of the Full Stack Revenue Manager Solution. Veon and Ericsson have signed binding terms to vary the existing agreements, and as a result, Veon said it will receive USD 350 million during the first half of this year.

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