Ericsson wins $1b deal from Chinese carrier

Ericsson signed a $1 billion framework deal with China Mobile to supply core and network equipment for GSM coverage expansion, an Associated Press report said.

The Associated Press report quoted Ericsson as saying that deliveries had already started and included technical support and services for China Mobile's GSM expansion in 19 of the Asian country's regions.

China's President Hu Jintao, who was on a two-day state visit, and Sweden's Prime Minister Fredrik Reinfeldt joined Ericsson CEO Carl-Henric Svanberg and China Mobile CEO Wang Jianzhou for the signing ceremony in the Swedish capital, the Associated Press report said.

'Ericsson is proud of its cooperation with China, which dates back over a century. We are dedicated to supporting the development and growth of China's telecom industry with our global expertise and proven competence. The agreement we are announcing today is further proof of this,' Svanberg was quoted by the report as saying.

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