ERICY LM Ericsson Telephone (MM)

Chinese operators Guangdong Mobile and Guangxi Mobile have selected Ericsson (NADADQ:ERICY) to expand their respective GSM networks. The contracts are collectively valued at close to USD 290 million. According to the contracts, Ericsson will supply core and radio access network equipment, including both hardware and software as well as related telecom services, for the GSM network expansions of Guangdong Mobile (Guangdong Mobile Communication Corporation Limited) and Guangxi Mobile (Guangxi Mobile Communication Corporation Limited). Once completed, the expansions will boost the network capacity of Guangdong Mobile to more than 60 million subscribers, and Guangxi Mobile to nearly 10 million. The expansions will drive new revenue opportunities with rich, advanced services to the end-users in the regions. Mats H Olsson, President, Ericsson Greater China, says: "We are honored for the continued trust of Guangdong Mobile and Guangxi Mobile in our industry-leading solutions and services. It further illustrates our leadership position in mobile communications technologies and services. We are confident that the deployment of the network expansions will allow our customers to better address the growing demand of consumers for innovative, reliable services and applications, and position them for continued growth into the future." The contract with Guangdong Mobile also calls for the deployment of EDGE solutions from Ericsson. Currently, Ericsson's EDGE solutions have been deployed in networks covering three major cities in Guangdong Province - Guangzhou, Shenzhen and Dongguan, allowing them to launch EDGE-based commercial services to the consumers. Ericsson has long-term cooperation with both Guangdong Mobile and Guangxi Mobile, during which Ericsson has supported the deployment and expansion of their GSM networks through different phases in the regions. Over the past years, the partnership between Ericsson and the two operators has been continuously strengthened on the basis of jointly building a world-class mobile network. Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at: http://www.ericsson.com