Etherstack Plc (ASX:ESK) Signs A$11.6m Samsung Electronics Co., Ltd (KRX:005930) Carrier Deal
Etherstack Signs A$11.6m Samsung Carrier DealSydney, July 22, 2021 AEST (ABN Newswire) - Etherstack plc (
ASX:ESK) is delighted to announce that its subsidiary, Etherstack Wireless Ltd, has signed an A$11.6m deal with Samsung Electronics Co., Ltd (KRX:005930) of Korea to supply Etherstack network elements to Samsung for provision to a telecommunications carrier client of Samsung s for public safety use.
In June 2020, Samsung and Etherstack announced that they had entered into a Global Teaming Agreement for the companies to jointly pursue opportunities to provide MCPTX (mission critical push-to-talk/voice/video) solutions globally within the telecommunications carrier sector as they deploy 5G networks, with Samsung as the prime contractor incorporating Etherstack network elements within these MCPTX solution deployments.