Ericsson and Crnogorski Telekom, part of Deutsche Telekom Group, have agreed a seven-year managed services partnership. Under the terms of the contract, Ericsson will be responsible for the operation and maintenance of Crnogorski Telekom’s network in Montenegro.

The contract covers the operation and maintenance of telecommunications equipment and the entire network infrastructure, and includes the transfer of 91 experienced telecommunications and IT experts from Crnogorski Telekom who will continue to develop their professional careers at Ericsson.

This deal represents Ericsson’s second managed services contract in Montenegro and further strengthens Ericsson’s market position in Southeastern Europe while expanding the company’s managed services footprint in Region Mediterranean and globally.

Rüdiger J. Schulz, CEO, Crnogorski Telekom, says: “We selected Ericsson for its global experience and proven technical expertise in managing highly complex networks. By bringing these capabilities to Crnogorski Telekom, we believe with this managed services partnership we will be able to focus even more on delivery of new interesting products to our customers, contribute to our competitiveness while ensuring our subscribers enjoy even better quality and speed as part of a superior customer experience.

Maurizio De Dominicis, Head of Hub Southeastern Europe, Ericsson, says: “We are proud to have been selected by Crnogorski Telekom as their trusted business partner for this important managed services contract. It underlines the strength of the business collaboration that we have built together since many years. Furthermore, this deal strengthens Ericsson’s local presence and reinforces our technology and services leadership, which is paving the way for realizing the Networked Society in Montenegro.”

Crnogorski Telekom, part of Deutsche Telekom Group, provides a full range of fixed, mobile and internet communications services in Montenegro that are marketed under the "T"-brand.

With more than 15 years’ experience in managing multivendor, multi-technology networks for operators globally, Ericsson has invested in tools, methods and processes in order to help its customers increase network efficiency while delivering world-class subscriber experiences. Today, Ericsson provides managed services for networks that together serve more than 1 billion subscribers worldwide.

Notes to editors

About CrnogorskiTelekom

Crnogorski Telekom (CT) is the largest telecommunications company in Montenegro. It provides a full range of fixed and mobile telecommunication services (voice, messaging, internet, TV, leased line circuits, data networks and ICT solutions).

Being the leader in Montenegrin telecommunication market, Crnogorski Telekom is helping businesses in Montenegro to grow and the national economy to develop, and is improving the quality of life of our customers through innovative technology solutions. In this way, Crnogorski Telekom is realizing its vision: “In a fast changing world, we are your first choice to live in a fully digital lifestyle wherever you are, whatever you do; by aspiring to be the best in class.”

The Company is a shareholding company listed on the Montenegro Stock Exchange (TECG). CT achieved EUR 104.6 million revenues in 2014.

Magyar Telekom, part of Deutsche Telekom AG, ownes 76.53% interest in Crnogorski Telekom.

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About Ericsson

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Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world’s mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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For further information, please contact

Crnogorski Telekom:

Varvara Ljeskovic, Corporate Communication director

Podgorica, Montenegro

Phone: +38220433665, +38267200530

E-mail: varvara.ljeskovic@telekom.me

Ericsson:

Milena Matic, Strategy, Marketing & Communications Manager

Serbia, Montenegro, Macedonia and Albania

Phone: +381644383100

E-mail: milena.matic@ericsson.com

Ericsson Corporate Communications

Phone: +46 10 719 69 92

E-mail: media.relations@ericsson.com