- 5% stake valued at SEK1.75B
- 2nd phase involves 26K stations
- Had hoped for larger share, sees 5% stake as move in correct direction
- Seeks at least 15% of China Mobile Phase 4 by late 2009

Other headlines for [ERIC]

• ERIC Yesterday 10:03pm
  Ericsson SonyEricsson's CEO sees 2009 global cell phone industry sales down about 5-6% y/y- Says the company has probably preserved its 8% market share - Concentrating on high margin and eliminate low margin more...
  
• 1/5/2009 02:31am
  Citigroup cuts European Technology sector to underwight
  
• 12/30/2008 10:54pm
  Demand for mobile phones worldwide expected to grow by 8% in 2009 - The Economist- Developed world demand to revolve around internet-enabled devices - Emerging markets will see heavy investment in more...
  
• 12/29/2008 00:06am
  (IN) India may delay its 3G bandwidth auction - Press Trust of India- The delay would be to allow India's Cabinet to approve a plan related to fees for bandwidth. - The auction was orginally more...
  
• 12/21/2008 08:53pm
  FT notes that the top global telecom equipment makers may face a tough 2009- The article notes that Nortel is the most vulnerable to spending cuts.
  

Telecom sector headlines

• CHL Today 07:46pm
  China Mobile (Hong Kong) Ltd. Looking for bids from suppliers for the third-phase expansion of its 3G mobile network - South China Morning Post
  
• CYCL Today 04:52pm
  Centennial Communications Corp Reports Q2 $0.03 v $0.11e, R$261.9M v $262Me
  
• IDCC Today 04:03pm
  InterDigital Communications Corp Signs iWOW to Worldwide 2G and 3G Patent License Agreement; Financial terms not disclosed- The agreement covers the sale of wireless terminal units and infrastructure, including wireless more...
  
• S Today 03:41pm
  Sprint Nextel Corp CEO: weakening economy had only a minor impact on company in Q4
  
• VZ Today 02:47pm
  Verizon Communications Unit wins $108M contract from NASA for conference services- NASA has awarded Verizon Business of Ashburn, Va., a contract to provide conferencing services for the agency. Verizon Business will more...