Monday, March 29, 2010

Ericsson Wins Chinese Contracts Worth $1.8 Billion

Ericsson has announced the signing of separate contracts with China Mobile and China Unicom which are collectively worth around US$1.8 billion. Under the agreement with China Mobile, Ericsson will provide a radio access network and mobile soft-switching technology. The framework contract is worth US$1 billion and will be implemented during 2010.

In the agreement with China Unicom, Ericsson will provide a faster 3G network with HSPA Evolution technology. In addition, Ericsson will further expand cooperation with China Unicom in the area of IP and broadband, supplying IP routers, fiber access technologies GPON and 40G WDM as well as IP multimedia subsystem (IMS). The framework contract is worth US$800 million and will also be implemented during 2010.

Mats H Olsson, Head of Ericsson Greater China, says: "The signing of the significant frame agreements is a manifestation of our continued strong cooperation with our Chinese customers. We are confident that we will do an even better job in supplying the latest technology and best-in-class services in time to support Chinese operators in fulfilling the demand of this tremendous market growth"

No comments:

Post a Comment