Ericsson pulls in $1bn from China Mobile
Not to mention a paltry $800m from China Unicom
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Ericsson has managed to flog $1.8bn of mobile infrastructure to China, signing a $1bn deal with China Mobile today and proving that Huawei won't win them all.
The two deals, reported by Reuters, relate to the networks' deployment of 3G technologies - TD-SCDMA for China Mobile and WCDMA for China Unicom, the former being a Chinese-only variant, while the latter is used by most of the world. Ericsson will be providing kit to both companies to expand their 3G networks.
Chinese provider Huawei has been successfully competing for WCDMA deployments around Europe, putting pressure on what had been a cosy oligopoly for the last decade or two, so the win is a big deal for Ericsson who's share price jumped two per cent on the news.
It's still going to be a rocky year for infrastructure providers in general, with new deployments and upgrades largely on hold while the world's economy sorts itself out. Reuters quotes one analyst who reckons that despite the deal Ericsson will still make less money during 2010 than it did in 2009.
COMMENTS
«Did the People's Air Force get acces [sic !] to some juicy Gripen tech,
by any chance ?» Well let us hope so - given the manner in which the plane (system) has, with the benign help of BAE, been driving away customers in droves, that's probably the only way the technology will ever become known abroad, save in South Africa and Thailand !...
Henri
PLAAF ?
Did the People's Air Force get acces to some juicy Gripen tech, by any chance ?
Hmm not so sure about that..
Ericsson is a western company only in name and stock listing.. They're pretty desperate now, and are probably creating jobs in China as part of the deal. The Chinese Government has Huawei/ZTE to sell to the west, after growing pains with their own operators, and now deals like this with "western" companies to learn more of the trade, and bring in more IP. They will have their pound of flesh..
http://www.theregister.co.uk/2009/11/11/ericsson_jobs/
Short sighted, as it always is with such matters. Wonder what the margin is on this sale?
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