Ericsson pulls in $1bn from China Mobile 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 …
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?
A friend of mine who works for Ericsson at Ansty Park in Coventry was fairly instrumental in securing this deal - and he (and possibly Ericsson) thought Huawei were a certainty. He spent an inordinate amount of time in China. And he won't be in a job in a few weeks.
To be (slightly) fair to Ericsson, they have offered him a two year contract (based in the States) on a pretty impressive package. But it will still mean a lot of travelling abroad. His wife isn't impressed.
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
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