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Ericsson signed USD 1 billion GMS expansion deal with China Mobile |
Tehy03
Joined: Feb 02, 2005
Posts: 386
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Ericsson signed today a great deal with China Mobile:
Ericsson today signed a GSM expansion framework agreement with China Mobile, valued at about USD 1 billion, at a ceremony in Sweden attended by Chinese President Hu Jintao.
Ericsson will supply core and radio network equipment, along with related technical support and services, to expand China Mobile's GSM coverage in 19 regions of China.
source
Great! Looks like Ericsson is doing well in China 
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JuanPablo
Joined: May 16, 2007
Posts: > 500
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Great news, I'm sure this will help  in one way or another  |
*Jojo*
Joined: Oct 15, 2003
Posts: > 500
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This looks like a HUGE $$$$$$ investment  Hope it will prosper though !
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korbindallis
Joined: Jun 18, 2004
Posts: > 500
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actually 1.44 Billion
USD 1.3 billion with China mobile and USD 140 million China Unicom
 say cheese every one
Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 185 million subscribers. The company's portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through innovation, technology and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on the Stockholm, London and NASDAQ stock exchanges.
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Posted: 2007-06-12 20:37
