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Ericsson Says it Wins China Mobile Network Contract

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Mobile phone giant

Ericsson

(ERICY)

said Friday it has been selected as the main supplier of a general packet radio switching, or GPRS, network for

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China Mobile Communications

.

Stockholm-based Ericsson, which gave no financial details of the deal, said China Mobile will have the largest GPRS network in the world. GPRS is high-speed data transmission system that enhances current GSM mobile standards, allowing mobile phone users to stay constantly connected to the Internet and receive advanced graphics.

Shares of Ericsson were lately up 38 cents, or 3.47%, to $11.19 in trading on the

Nasdaq

.