Ericsson signs USD 1.7 billion framework agreements with Chinese
operators>
Ericsson signs USD 1.7 billion framework agreements with Chinese operators
(Thomson Reuters ONE) - Ericsson (NASDAQ:ERIC) today signed framework agreements on 2G/3Gmobile communication equipment and related services for 2009 with twomajor Chinese telecom operators: China Mobile and China Unicom,valued at USD 1 billion and USD 0.7 billion respectively.China Mobile and China Unicom have received 3G licenses of TD-SCDMAand WCDMA standards respectively at the beginning of 2009. Togetherthe two operators are currently serving more than 620 million mobilesubscribers in China. The newly signed 2009 framework agreements willallow both operators to further improve the capacity and performanceof their 2G networks and accelerate the initial build-up of their 3Gnetworks, and consequently ensure richer and more innovative mobilecommunication services to hundreds of millions of Chinese consumersas 3G takes off in China.Under the framework agreement signed between Ericsson and ChinaMobile, Ericsson continues to deliver green solutions to supportChina Mobile's network energy optimization and CO2 emission reductiontarget. Ericsson will also expand GSM/GPRS network coverage andcapacity in 18 provinces in China with related services. In addition,Ericsson also supports China Mobile's 3G network build-out byproviding a wide range of innovative TD-SCDMA products and solutions.Under the framework agreement signed between Ericsson and ChinaUnicom, Ericsson will not only become the main supplier to upgradeChina Unicom's GSM networks in 10 provinces, but also provide theoperator with GSM/WCDMA core network and/or wireless access system in15 provinces, including transmission, IP and value-added serviceplatform. Ericsson's strong local support team with global experienceplays a key role in supporting China Unicom in launching the world'slargest WCDMA commercial networks.Mats H Olsson, President of Ericsson Greater China, says, "China's 3Gmarket is growing rapidly and the world is watching closely. As theworld's undisputed leader of mobile communications technology,Ericsson will spare no efforts in supporting the development ofChina's telecom industry with our global expertise and technologyleadership.""Ericsson has been devoted to supporting the development of China'stelecom industry. The signing of the 2009 framework agreements todayfurther enhances the position of Ericsson as the leading mobilecommunications supplier in China market. Ericsson will work togetherwith China's operators to ensure rewarding new user experience forChinese consumers in the 3G era and we are fully confident that wecan achieve this objective," says Olsson.Notes to editors:Photos will be available here:http://www.ericsson.com/ericsson/press/photos/index.shtmlEricsson's standard multimedia content is available at the broadcastroom:www.ericsson.com/broadcast_roomEricsson is the world's leading provider of technology and servicesto telecom operators. Ericsson is the leader in 2G, 3G and 4G mobiletechnologies, and provides support for networks with over 1 billionsubscribers and has a leading position in managed services. Thecompany's portfolio comprises of mobile and fixed networkinfrastructure, telecom services, software, broadband and multimediasolutions for operators, enterprises and the media industry. The SonyEricsson and ST-Ericsson joint ventures provide consumers withfeature-rich personal mobile devices.Ericsson is advancing its vision of "to be the prime driver in anall-communicating world" through innovation, technology, andsustainable business solutions. Working in 175 countries, more than75,000 employees generated revenue of SEK 209 billion (USD 32.2billion) in 2008. Founded in 1876 with the headquarters in Stockholm,Sweden, Ericsson is listed on OMX NASDAQ, Stockholm and NASDAQ NewYork.www.ericsson.comwww.ericsson.mobiwww.twitter.com/ericssonpressFOR FURTHER INFORMATION, PLEASE CONTACTEricsson Corporate Public & Media RelationsPhone: +46 10 719 69 92E-mail: press.relations(at)ericsson.comhttp://hugin.info/1061/R/1327715/312858.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 08.07.2009 - 11:36 Uhr
Sprache: Deutsch
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