Tags: EU | Sweden | China | Ericsson

Ericsson Signs Chinese Deals Worth $1.8 Billion

Monday, 29 Mar 2010 07:41 AM

Swedish wireless equipment maker L.M. Ericsson AB says it has signed deals worth $1.8 billion with Chinese operators China Mobile and China Unicom.

Ericsson says it signed a $1 billion agreement Monday to provide a radio access network and technology to China Mobile, the world's largest phone company by subscribers.

The new technology will boost the capacity of the company's network and develop it into a so-called internet protocol network.

Ericsson also signed a $800 million contract to provide a faster, third-generation network to China's no. 2 mobile company, China Unicom.

Both contracts will be implemented this year.

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Swedish wireless equipment maker L.M. Ericsson AB says it has signed deals worth $1.8 billion with Chinese operators China Mobile and China Unicom.Ericsson says it signed a $1 billion agreement Monday to provide a radio access network and technology to China Mobile, the...
EU,Sweden,China,Ericsson
98
2010-41-29
Monday, 29 Mar 2010 07:41 AM
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