• Most Popular
  • Most Shared

UPDATE 1-Ericsson says wins broadband orders in China

Fri Jul 3, 2009 3:41am EDT

Stocks

   

* Ericsson wins fixed broadband orders in China

* Contracts signed with China's three top telecom operators

(Adds detail)

STOCKHOLM, July 3 (Reuters) - Swedish telecom equipment maker Ericsson (ERICb.ST) said on Friday it had signed contracts with China's top three telecom operators to provide fixed-line broadband access.

Ericsson, the world's biggest mobile network maker, said in a statement China Mobile (0941.HK), China Unicom (0762.HK) and China Telecom (0728.HK) were upgrading their networks to provide services such as high-speed broadband and high-definition IPTV.

The company, which did not reveal any financial details on the deal, said it would also provide services such as training, network design, support services and consultancy. (Editing by Dan Lalor)



More from Reuters

An employee swipes a customer's credit card through the card reader at a restaurant in Tokyo February 19, 2005.REUTERS/Issei Kato

Taking a swipe at credit cards

New legislation meant to protect consumers could be a "game changer" for the industry -- and not in a good way.  Full Article 

 dealer shuffles a deck of cards during a poker game at a casino in Budapest September 15, 2009.  REUTERS/Katoly Arvai

Placing their bets

Two IPO filings will test investors' appetite for risk that they probably would've avoided in the past year.  Full Article