Friday, Swedish telecom equipment maker LM Ericsson Telephone Co. (ERIC) said it received contracts to provide fixed broadband access to three Chinese telecom operators, China Mobile Ltd.(CHL), China Unicom Hong Kong Limited. (CHU), and China Telecom Corp. Ltd. (CHA).
The contracts are part of Chinese companies' upgradation in their networks with the latest available technology, with which subscribers in an initial nine Chinese provinces will get access to high-definition TV, high-speed broadband and quality voice services. The provinces are Anhui, Guangdong, Hebei, Heilongjiang, Hubei, Liaoning, Shandong, Shanghai and Sichuan.
For these projects, the Stockholm, Sweden-based Ericsson would roll out Fiber-To-The-Home, or FTTH networks for all three operators, using state-of-the-art broadband fiber-access technology, i.e., GPON or Gigabit Passive Optical Network, and its patented air-blown fiber solution.
The company said it will also provide a range of professional services including competence development, network design and optimization, support services and consultancy.
Mats Olsson, President of Ericsson Greater China, said, "It is exciting to see all three Chinese telecom operators deploying fiber networks across the country to deliver data-thirsty, high-quality services. These initial rollouts in China, as well as the endorsements from around the world, have demonstrated yet again that cost-effective optical fiber solutions are becoming the leading technology for fixed deployment."
ERIC closed Thursday's regular trading session at $9.69, down $0.57 or 5.56%, on a volume of 6 million shares.
CHL settled at $48.57 on Thursday, down $2.17 or 4.28%, while CHU dropped $0.91 or 6.73% to $12.61, and CHA declined $2.46 or 4.87% to $48.01.
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