China Mobile's GSM Upgrade Tender Nears Conclusion
May 04, 2007
According to the China Business News, primary results of China Mobile's GSM network upgrade tender, estimated at 35 billion RMB (US$4.5 billion; US$1 = 7.7 RMB), have been revealed. In combination, indigenous Huawei and ZTE were awarded approximately 25% of the tender. Alcatel Shanghai Bell obtained 20%. Ericsson and Nokia, current leaders in the Chinese 2G market, secured around 50% combined. China Mobile is expected to conclude the tender procedure and sign contracts with respective winners in May 2007.