11th June- Ericsson signed a GSM expansion framework agreement
with China Mobile, valued at about USD 1 billion, at a ceremony
in Sweden attended by Chinese President Hu Jintao.
The Chinese President is in Sweden on a state visit at the invitation
of King Carl XVI Gustaf of Sweden - the first visit by a Chinese
president to Sweden since the two countries established diplomatic
relations in 1950.
President Hu Jintao was joined at the signing ceremony by Swedish
Prime Minister Fredrik Reinfeldt. Wang Jianzhou, Chief Executive
of China Mobile Communications Corporation, and Carl-Henric
Svanberg, President and CEO of Ericsson, joined the two leaders
at the ceremony.
Svanberg says: "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."
Ericsson's commitment to operations in China is reflected by
its continuous increase in local sourcing, up to USD 2.5 billion
in 2006, and growing export opportunities, with USD 1.6 billion
in exports last year.
Under the new framework agreement, Ericsson will supply core
and radio network equipment, along with related technical support
and services, to expand China Mobile's GSM coverage in 19 regions
of China.
The expansion project, which strengthens Ericsson's position
as the leading mobile communications supplier in the Chinese
market, will allow China Mobile to boost network capacity and
performance, creating new revenue streams from enriched data
services and offering an enhanced user experience to hundreds
of millions of its subscribers.
Deliveries have already started.
A second major signing ceremony, between Sony Ericsson (the
50-50 joint venture between Sony and Ericsson) and China Postel
Mobile Communications Equipment (China Postel), a subsidiary
of China National Postal and Telecommunications Appliances Corporation
(PTAC), also took place today.
Tan Xinghui, President of PTAC and Chairman of China Postel,
Carl-Henric Svanberg, in his capacity as Chairman of the Board
of Sony Ericsson, and Gunilla Nordstrom, President of Sony Ericsson
China, witnessed the agreement for USD 600 million of mobile
phone purchasing.
Sony Ericsson also recently announced a Memorandum of Understanding
with Shenzhen Telling Communications Corporation for mobile
phone purchasing valued at more than USD 500 million.
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