Ericsson signs GSM agreements worth USD1.44 billion

15 Apr 2008

Ericsson has announced that it has signed GSM expansion framework agreements with China Mobile and China Unicom valued at about USD1.3 billion and USD140 million respectively. Under the 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 rival China Unicom, meanwhile, Ericsson will be the main supplier and help expand GSM networks in ten 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.