Ericsson secures £1bn china deal

Ericsson secured deals with Chinese operators totalling $1.8bn (£1.2bn), easing concerns the Swedish group would be badly stung by capital spending cuts by mobile firms in the world’s third biggest economy. Ericsson, the world’s biggest mobile network gear maker, signed a $1bn deal with China Mobile the worl’'s largest mobile carrier – and an $800 million contract with the country’s No. 2 mobile firm, China Unicom.