Ericsson signs $1.44 billion Chinese GSM framework agreements
LM Ericsson AB said it has signed GSM expansion framework agreements with China's two largest mobile operators, China Mobile and China Unicom, valued at about $1.3 billion and $140 million respectively.
Under the framework agreement with China Mobile, Ericsson will be one of the main suppliers of core and radio network equipment, along with related technical support and services, to expand GSM/GPRS coverage and capacity in 19 regions across China.
Under the agreement with China Unicom, Ericsson will be the main supplier and help expand GSM networks in 10 regions across China, including Beijing where Ericsson has previously not been a supplier. Ericsson will also supply multimedia solutions for WAP services to help provide attractive new multimedia services and applications.
The expansion projects are set to be completed in 2008. Deliveries to both operators have already started, Ericsson said.
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