- US$17 million contract signed with Sri Lanka Telecom Ltd.
- Turnkey project includes supply and installation of electronic switching system, transmission equipment and phone lines.
SEOUL, Korea - March 27, 1998 - Samsung Electronics Co., Ltd., has concluded a US$17 million contract with Sri Lanka Telecom Ltd. to provide all the necessary hardware to construct a communications network in Sri Lanka's Horana Region. The contract was signed between Sri Lanka Telecom Ltd. CEO Hideaki Kamitsuma and Samsung Electronics Southeast Asia Regional Office Sr. Exec. Managing Director, Jin-ki Kim in a ceremony held at the Sri Lanka Telecom Ltd. Head Office. The turnkey project includes the supply and installation of an SDX-100 electronic switching system, transmission equipment and telephone lines.
In November 1996, Samsung completed installation of US$9.3 million communications network in the Trincomalee Region, in northeast Sri Lanka. The award of the additional project in Horana is testimony to the excellence of Korean telecommunications technology, and Samsung is now in a strong position to secure new orders for telecommunications networks in that country.
Samsung will deliver the hardware to Horana in May, and the installation is scheduled for completion in October 1999.
Samsung Electronics Co., Ltd., a US $19 billion flagship company of Korean-based the Samsung Group, is a world leader in electronics, with operations in more than 60 countries.