**Swedish telecoms equipment group Ericsson has announced deals with China Mobile and China Unicom worth a combined $1.8bn (£1.2bn).**Ericsson will provide China Mobile, the world’s biggest mobile operator, with equipment to boost the capacity of its mobile network.
It will supply its rival, China Unicom, with a faster 3G network.
China is the world’s biggest mobile phone market with more than 700 million mobile users.
“The signing of the significant frame agreements is a manifestation of our continued strong co-operation with our Chinese customers,” said Mats Olsson, head of Ericsson in China.
Earlier this year, Ericsson reported a 92% fall in quarterly profits as the company continued major restructuring work.
Net profit for October to December was 314m kronor ($43m; £29m), compared with 3.89bn kronor for the same quarter in 2008.This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.