China Mobile gives more 4G contracts

Hong Kong: China Mobile Ltd has awarded its second batch of 4G contracts, with ZTE Corp and rival Huawei Technologies Ltd securing the bulk of the deal, two industry sources said.

Foreign companies Ericsson, AlcatelLucent SA and Nokia won about a fourth of the licences, which were worth more than one billion yuan (US$160mil) in total, said the sources, who declined to be identified as they were not authorised to speak to the media.