Frame agreements with China Mobile and China Unicom, valued at USD 1.8 billion
(Thomson Reuters ONE) -
* Network expansion to speed up the fastest-growing economy
* Better quality and performance to boost 56.3 percent penetration rate
* Faster 3G network and boosted network capacity for millions of tech-savvy
Chinese
With a potential customer base of 1.3 billion, telecom operators are now taking
steps to further expand and boost China's communication infrastructure and
related services. China Mobile and China Unicom today signed 2G/3G frame
agreements with Ericsson (NASDAQ: ERIC).
Living in the fastest-growing major economy in the world for the past 30 years,
the Chinese have developed increasing technological needs. A steadily rising
number of the Chinese population is going mobile. In 2009, there was an
additional 106 million new mobile subscriptions, bringing it to a total of a
747 million. With a penetration rate of 56.3 percent, there are no signs of the
market cooling down. The fixed broadband market also shows strong growth of
about 20%, bringing it to a total of 103 million subscriptions at the end of
2009.
Today, 99 percent of the population has mobile coverage, thanks to operators'
recent network expansion to rural areas. However, new additions and increased
usage, especially with non-voice services, has put pressure on the networks and
operators. Because of this, the operators are investing in maintaining quality
and performance levels, especially in larger cities.
Mats H Olsson, Head of Ericsson Greater China, says: "The signing of the
significant frame agreements is a manifestation of our continued strong
cooperation with our Chinese customers. We are confident that we will do an even
better job in supplying the latest technology and best-in-class services in time
to support Chinese operators in fulfilling the demand of this tremendous market
growth".
Under the agreement with China Mobile, Ericsson will provide a radio access
network including a multi-standard radio base station RBS 6000 and mobile
soft-switching technology, which will drastically boost the capacity of the
network and evolve it into an IP network. With such solutions, Ericsson will
also help China Mobile to achieve their energy saving goals. The framework
contract is worth USD 1 billion and will be implemented during 2010.
In the agreement with China Unicom, Ericsson will provide a faster 3G network
with HSPA Evolution technology to secure higher speed and better user experience
for consumers. In addition, Ericsson will further expand cooperation with China
Unicom in the area of IP and broadband, supplying IP routers, fiber access
technologies GPON and 40G WDM as well as IP multimedia subsystem (IMS). The
framework contract is worth USD 800 million and will also be implemented during
2010.
Notes to editors:
Images from signing ceremony to be added here
Picture of Mats Olsson
Images of products
Multimedia content is available at the broadcast room
Ericsson is the world's leading provider of technology and services to telecom
operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and
provides support for networks with over 2 billion subscribers and has the
leading position in managed services. The company's portfolio comprises mobile
and fixed network infrastructure, telecom services, software, broadband and
multimedia solutions for operators, enterprises and the media industry. The Sony
Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich
personal mobile devices.
Ericsson is advancing its vision of being the "prime driver in an
all-communicating world" through innovation, technology, and sustainable
business solutions. Working in 175 countries, more than 80,000 employees
generated revenue of SEK 206.5 billion (USD 27.1 billion) in 2009. Founded in
1876 with the headquarters in Stockholm, Sweden, Ericsson is listed on OMX
NASDAQ, Stockholm and NASDAQ New York.
www.ericsson.com
www.twitter.com/ericssonpress
www.facebook.com/technologyforgood
www.youtube.com/ericssonpress
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:investor.relations(at)ericsson.com
UPCOMING EVENTS
Ericsson's Capital Markets Day, Stockholm, Sweden, May 5-6
Ericsson Business Innovation Forum, Shanghai, China, May 17-18
For more information please contact the Ericsson Media Relations Team.
[HUG#1398666]
China Unicom and Cina Mobile: http://hugin.info/1061/R/1398666/354357.pdf
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 29.03.2010 - 06:15 Uhr
Sprache: Deutsch
News-ID 1012133
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
STOCKHOLM
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 245 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Frame agreements with China Mobile and China Unicom, valued at USD 1.8 billion
"
steht unter der journalistisch-redaktionellen Verantwortung von
Ericsson (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
