Ericsson signs deals with China Mobile, China Unicom
15 April 2008
Swedish telecom equipment producer Ericsson has signed deals worth a total of US$1.44 billion with China's two largest mobile phone operators, the Financial Times reported. The US$1.3 billion deal with China Mobile will see Ericsson supply core radio and network equipment, support and power-saving features, while under the US$140 million agreement with China Unicom focuses purely on multimedia solutions for WAP services. Both agreements are aimed at expanding the companies' GSM networks. The deals are seen as strengthening Ericsson's position in China's mobile market as foreign telecom companies vie for contracts for China's TD-SCDMA technology.
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