Telecommunications giant Motorola has signed an agreement to
supply equipment worth US$394 million to China Mobile Communication
Corporation (CMCC) in order to expand its network capacity in
China.
The US mobile phone manufacturer said in a statement published
on its website that it had signed the contracts in the first half
of this year, and about 60 percent of the sales included in the
contracts had been registered during that period.
However, Motorola recorded a loss of US$28 million in the second
quarter following its first-quarter losses, its first back-to-back
losses in five years, according to its financial report announced
in July.
Its weak performance has prompted analysts to say it had slipped
to third in the global mobile phone market behind Nokia of Finland
and Samsung of the Republic of Korea in the second quarter.
The company said it had provided equipment and project services
for the Chinese company, which operates a network based on the GSM
standard of wireless communication, and had helped expand or update
the network in 16 Chinese provinces covered by the CMCC
service.
China Mobile is the largest mobile communication operator in
China with more than 330 million users by April this year.
(Xinhua News Agency August 14, 2007)