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Ericsson’s Big Wins in China – Analyst Blog
Zacks Market Commentaries (July 8th, 2009) Writes:
L.M. Ericsson (ERIC), the global leader in telecom infrastructure equipment and technology solutions, today won two major contracts in China, together valued at $1.7 billion. Ericsson has entered into 2G/3G framework agreements with both China Mobile (CHL) and China Unicom (CHU), the two larger telecom operators in the country.
Under this agreement, both telecom operators will be able to improve the capacity and performance of their 2G networks and accelerate the initial build-up of their 3G networks. China Mobile and China Unicom served more than 620 million mobile subscribers in China, which is just a shade over 40% of the total Chinese population.
The contract size of the China Mobile deal is of $1 billion. Ericsson will provide solutions for China Mobile’s network energy optimization and CO2 emission reduction target in addition to expanding the carrier’s GSM/GPRS network coverage and capacity in 18 provinces....
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2G networks, 3g, 3G networks;, Alcatel Lucent, Analyst, China, China Mobile, China Telecom, China Unicom, Cisco Systems, Ericsson, GPON technology, GSM, High Speed Internet Access, Huawei Technologies, large wireless network gear makers, Market Commentary, network energy optimization, Nokia Corp ( ) & Siemens AG, Siemens, Stocks to Watch, technology solutions, telecom infrastructure equipment, The Macro Trader, USD, wireless access, wireless access systems, wireless market, Zacks Market Commentaries
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