Wednesday, December 4, 2002
Telecom equipment maker Nortel Networks has bagged a US$65 million contract with China Unicom, the world’s fourth largest mobile carrier.
Part of the deal, estimated to be worth US$25 million, is for CDMA (Code Division Multiple Access) network deployment in Hunan province, Nortel said in a statement.
Nortel said the remaining US$40 million are contracts for GSM network expansions in five other Chinese provinces--Zhejiang, Heilongjiang, Shandong, Henan and Jiangxi.
This announcement comes on top of the US$280 million agreement signed between the two companies in October, which covers the same areas in addition to the municipality of Chongqing.
In the same period, China Unicom also unveiled contracts with three other equipment makers--Motorola, Lucent and Ericsson--as part of a gargantuan CDMA expansion effort worth over US$ 1.2 billion.
By: DocMemory
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