Ericsson To Invest $1 billon In China As 3G Grows

Ericsson is planning a $1 billion investment in China in the hopes that its incipient 3G and 4G services will make it a bigger market for Ericsson than the United States. “Users demand more mobile content, operators are looking for new revenue sources and media companies need new distribution channels,” said chief executive Carl-Henric Svanberg.
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