Motorola announced today it has signed multiple contracts worth US $431m with China Mobile Communications Corporation (CMCC) for its GSM network upgrades and expansion. The contracts were signed in the first half of 2008 and reflect Motorola's position as a global leader in GSM network solutions. Approximately 50% of the revenue from these contracts was recognized in the first half of 2008.
Following the US $394m contracts over the same period of last year, these multiple contracts mark another milestone of the cooperation between China Mobile and Motorola. The cooperation will enable China Mobile to expand its network coverage and manage its GSM network even more effectively; allowing the company to maximize its investment returns and to provide subscribers with enhanced services. Under these agreements, Motorola will supply CMCC with GSM network equipment and a range of services. The expanded and optimized GSM networks will then be deployed across 16 provinces and municipalities within the coverage area of CMCC, namely Beijing, Tianjin, Sichuan, Zhejiang, Henan, Hunan, Guangdong, Yunnan, Fujian, Hubei, Shanxi, Jilin, Liaoning, Jiangxi, Anhui and Guizhou. These contracts also enable China Mobile to deliver enhanced and value-added multimedia functionality and services.
Via the Motorola site.