Published in News
Ericsson big in China
Gets $1.4 billion contract
LM Ericsson has signed contracts with Chinese mobile operators, China Mobile and China Unicom, worth a total of $1.44 billion.
The cash has been spent on providing GSM networks behind the bamboo curtain. The agreement with China Mobile, worth some $1.3 billion, means that Ericsson will be one of the main suppliers of core and radio network equipment and related technical support and services.
It also said it will provide power-saving features that reduce energy consumption in mobile networks. China Unicom, Ericsson will also supply multimedia technology for wireless access provider, or WAP, services. Ericsson said deliveries to both operators have already started and the projects are expected to be completed in 2008.