Ericsson, China Mobile Sign 1bln USD Deal – CNNMoney.com

From CNNMoney.com:

Swedish telecoms group Ericsson has signed a 1 bln usd deal with China Mobile to supply equipment to expand the Asian company’s GSM coverage in 19 regions of China, Ericsson said.

The agreement was signed at a ceremony in Stockholm attended by Chinese President , who was on a three-day state visit to the Scandinavian country, and Swedish Prime Minister Fredrik Reinfeldt.

The expansion will allow China Mobile to boost network capacity and performance for hundreds of millions of subscribers. Deliveries have already started, Ericsson said. [Full Text]

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