VOL. XLI

No. 03

19-January-1998

GCC

Ericsson Signs $69Mn Fiber OpticContract With GCC

Ericsson, the Swedish telecommunicationscompany, said on 12 January that it has signed a $69mn contractwith the Gulf Cooperation Council (GCC) to build a 1,600-kmunderground fiber optic network to interconnect the Council's sixmember states. Ericsson said in a statement that "thenetwork is expected to improve the speed and quality oftelecommunications between the GCC member states." Ericssonwill supply and...