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Onatel in Burkina Faso awards SR Telecom a CDN$7M contract for the third phase of its network expansion project
December 17, 2004
MONTREAL -- SR Telecom™ Inc. (TSX: SRX; Nasdaq: SRXA) announced today that it hasreceived new orders valued at approximately CDN$7 million from ONATEL (Office Nationale des Télécommunications),the national exchange carrier in Burkina Faso, for an urban telecommunications development project. This is the thirdphase of a network expansion project that was initiated in 2003. Further network expansions are anticipated once thisphase of the project is completed. Deliveries are scheduled to commence immediately and should be completed by theend of the first half of 2005.
ONATEL has selected SR Telecom’s swing™ fixed wireless access system to deliver voice, data and Internet services toresidential users, telecenters and businesses within an urban setting. With these orders, ONATEL continues to extend itsexisting network of SR Telecom equipment.
"Our business relationship with ONATEL continues to grow, and we are very pleased to have been chosen once again asthe principal supplier of its urban networks," said Pierre St-Arnaud, President and Chief Executive Officer of SR Telecom.
"ONATEL is currently engaged in a very significant expansion of its networks throughout the country, addressing thegrowing need for a full range of telecommunications services in both urban and rural areas. We are very gratified to bepartnering with this valued customer as they continue their program of network expansions."
SR Telecom Inc.
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