Ericsson Signs $1.8 Bil. Deals with China Mobile, Unicom

Swedish wireless equipment maker L.M. Ericsson AB says it has signed deals worth $1.8 billion with Chinese operators China Mobile and China Unicom.

Ericsson says it signed a $1 billion agreement Monday to provide a radio access network and technology to China Mobile, the world’s largest phone company by subscribers.

The new technology will boost the capacity of the company’s network and develop it into a so-called internet protocol network.

Ericsson also signed a $800 million contract to provide a faster, third-generation network to China’s no. 2 mobile company, China Unicom.

Both contracts will be implemented this year.

STOCKHOLM (AP)