Samsung wins $340 m Versatel order

SEOUL: South Korea's Samsung Electronics Co. has won a $340 million order to supply telecoms equipment to Versatel Telecom International of the Netherlands, the Yonhap News reported.

Under the contract, signed last week, Samsung will provide the Dutch group with equipment for next-generation telecoms networks, including soft switch, trunk gateway, set-top boxes and terminals for voice on internet protocol, the report said, citing Samsung officials.

Samsung Electronics is the world's largest memory chip maker and the No. 3 handset supplier.

A Samsung spokesman reached by telephone could not immediately confirm the report.