Sunday, June 10, 2007

Ericsson signs $1 billion China GSM deal

(Reuters) - "The most important thing was that we signed a contract today for deliveries of $1 billion worth of telecoms equipment. We have a third of the telecom market in China so this was another significant step in that development," Svanberg told reporters at the ceremony.




Ericsson said the new framework agreement would see it supply core and radio network equipment, along with related technical support and services, to China Mobile as it expands GSM coverage in 19 regions of China.


Read more at Reuters.com Business News

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