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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–Chinese Mobile Payment Firm SmartPay Receives Investment
–Tom Online’s Wireless Revs Shoot Up
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