Ericsson and China Mobile in a one-billion-dollar deal

Swedish telecom company Ericsson has announced that they have signed on a mega deal with the China Mobile.

The deal is worth around a billion dollars and would see Ericsson supplying China Mobile equipment to expand their coverage in the market.

The agreement between the two companies was signed on at a ceremony in Stockholm attended by Chinese President Hu Jintao and Swedish Prime Minister Fredrik Reinfeldt.

Ericsson said that they would now supply China Mobile core and radio network equipment, along with related technical support and services.

China Mobile added that this deal would help them expand their network capacity and performance.

Popularity: 4%