Motorola wins $431 mln GSM contracts with China Mobile

Motorola, Inc. announced it has signed multiple contracts worth US $431 mln 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 $394 mln 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. These contracts also enable China Mobile to deliver enhanced and value-added multimedia functionality and services.
Motorola has won a number of significant GSM network expansion contracts over the past few years. Some of the recent major contract wins include expansion contracts with VNPT Group in Viet Nam, Mobily in Saudi Arabia, and Celtel Nigeria. Besides, Motorola won a turnkey contract in March to deploy and manage GSM network for Zain in Saudi Arabia.
China Mobile has been playing a leading role in the development of the mobile communications industry in China and holds an important position in the international arena as well. China Mobile has the largest mobile network and subscriber base around the world with more than 400 mln wireless subscribers on its nationwide network.
It went public in Hong Kong and New York Stock Exchanges. Currently, in terms of its market value, China Mobile is the largest among all the overseas listed Chinese companies and among all the telecom carriers in Asia.
Being included in the Fortune 500 for seven consecutive yeas, China Mobile's latest ranking is No.180. It is also an official partner of the 2008 Beijing Olympic Games.