Ericsson signed contracts with Chinese mobile operators China Mobile and China Unicom worth a total of €884.5 million (US$1.44 billion), an Associated Press report said. Both contracts will expand the companies' GSM networks.
The agreement with China Mobile, worth some €821 million (US$1.3 billion), makes Ericsson one of the main suppliers of core and radio network equipment, and related technical support and services. Ericsson also said it will reduce energy consumption in the mobile networks.
Under the €88 milion (US$140 million) deal with China Unicom, Ericsson will also supply multimedia solutions for WAP services. The company said deliveries to both operators have already started and the projects are expected to be completed this year.