STOCKHOLM -- Ericsson (NASDAQ: ERIC) has signed a seven-year managed services agreement with leading Romanian operators Romtelecom and Cosmote, both subsidiaries of OTE, the Hellenic Telecommunications Organization, Group of companies. Ericsson will manage the operators' wireline and wireless networks in Romania. The agreement extends Ericsson's footprint in managed services in Romania, with a new agreement with Cosmote Romania and an extension of the partnership with Romtelecom.

Ericsson will assume responsibility for network operations and maintenance of wireline and wireless access, transmission, core and IP domains, as well as network operations for operations support systems, for Romtelecom and Cosmote Romania.

Around 730 employees will join Ericsson's Global Services organization.

Ericsson AB (Nasdaq: ERIC)