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Wireless-equipment maker Ericsson (ERIC Quote) said Monday it has inked deals with two Chinese mobile operators to build out GSM networks.
Stockholm-based Ericsson said that separate agreements with China Mobile (CHL Quote) and China Unicom (CHU Quote) are valued at a total of $1.44 billion. The expansion projects will allow both operators to boost their network capacity and performance.
Ericsson said it will be one of the main suppliers of core and radio network equipment, along with related technical support and services, to help expand GSM coverage and capacity in 19 regions across China. ...
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