VocalTec Communications Ltd. (Nasdaq:VOCL) will supply its VoIP solutions to Russia's New Telephone Company (NTC), a telecommunications carrier headquartered in Vladivostok, for its next-generation network.
VocalTec did not disclose the size of the deal, but market sources estimate it a few hundred thousand dollars.
NTC, founded in 1992, provides triple-play services, and has 1.5 million subscribers in the Primorsky region in the Russian Far East. VocalTec's solutions will enable NTC to migrate to packet-based telephony, and serve as the core voice platform for NTC's triple-play service.
VocalTec's share price fell 3.1% on Nasdaq yesterday to $1.27, giving a market cap of $7.4 million.
Published by Globes [online], Israel business news - www.globes-online.com - on June 9, 2010
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