ERIC**>>Ericsson signs $1.8 billion of Chinese contracts at MarketWatch(Mon 6:26am)
Ericsson signs $1.8 billion of Chinese contracts (MarketWatch) -- Swedish wireless-telecoms-equipment giant Ericsson AB on Monday said it has signed second-generation (2G) and 3G frame agreements with Chinese operators China Mobile and China Unicom worth $1.8 billion in total. Under a $1 billion agreement, Ericsson will in 2010 provide China Mobile /quotes/comstock/13*!chl/quotes/nls/chl (CHL 48.04, +0.25, +0.52%) with new radio bases and mobile technology to boost the capacity of its network. Under an $800,000 deal signed with China Unicom /quotes/comstock/13*!chu/quotes/nls/chu (CHU 11.13, +0.16, +1.46%) , the gearmaker will build a faster 3G network with HSPA technology to provide a better user experience.
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