Siemens makes agreement with Chinese telecommunication companies

Written by: S.M.Mehdi Hassan
Today, Siemens Communication Unit announced that it has made a deal with the China Mobile Communications Corporation and China United Communications Corporation to provide second generation mobile network equipment and maintenance service. The deal was worth a total of 174 million US dollar. I am quoting from the report published in Marketwatch.com
BEIJING (MarketWatch) -- Siemens AG's (SI) communications unit said Monday it will supply CNY1.4 billion ($174.42 million) worth of second-generation mobile network equipment and maintenance services to China's two mobile-phone operators this year.
The deal with China Mobile Communications Corp. (MCC.YY) is worth CNY900 million, while that with China United Communications Corp. is worth CNY500 million, said Charles Wang, head of marketing at Siemens Communications Group in China.
The equipment, including base stations, is based on the Global System for Mobile Communications standard, or GSM, he said.
China Mobile Communications, the larger of China's two mobile phone operators by subscribers, is the parent company of China Mobile (Hong Kong) Ltd. (CHL).
China United Communications is the parent company of China Unicom Ltd. (CHU) and China United Telecommunications Co. (600050.SH).
Siemens also signed several contracts with different Chinese organizations. It signed a deal to provide technical cooperation to China’s Ministry of Railways.

Chongqing Haifu Technology, a medical equipment producer, based in Chongging city, has also signed an agreement with Siemens.

The German Chancellor, Angela Merkel, was visiting Beijjing when these deals were made. The Chancellor will leave Beijing on Tuesday.

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