Ericsson Nikola Tesla and Crnogorski Telekom Sign New HRK 50 Million Contract

Crnogorski Telekom ad Podgorica is a Montenegro-based company engaged in the telecommunications industry. The Company provides fixed and mobile telephony, data transmission as well as dial up and broadband Internet and cable and Internet Protocol Television (ITPV) services in Montenegro. The Company offers its products under the brand names T-Com and T-Mobile. The Company offers retail sales of telephones and related equipment through a network of branch offices under the name of T-Centers in such cities as Podgorica, Ulcinj, Bar, Budva, Tivat, Herceg Novi, Kotor, Niksic, Berane, Bijelo Polje and Pljevlja. As of December 31, 2011, the Company was 76.53%-owned by Hungary-based Magyar Telekom Nyrt and was a part of Deutsche Telekom Group.