Ericsson (ERIC +1.1%) has sold its power cable unit, which had 2012 sales of SEK1.5B ($231M), to...

|By:, SA News Editor

Ericsson (ERIC +1.1%) has sold its power cable unit, which had 2012 sales of SEK1.5B ($231M), to Demark's NKT Cables for SEK250M ($38.5M). Also, the mobile infrastructure giant says it expects tough price competition in China as 4G buildouts get underway. China's 3 carriers plan to spend $56B this year on capex, and China Mobile (CHL - the world's biggest carrier) plans to increase capex by 49% to ~$31B. $6.75B of that will be used to set up 200K base stations for CHL's nascent 4G TD-LTE network - Alcatel-Lucent (ALU) should get a portion of it.