Motorola Inks $400M in Contracts With China Mobile

Includes: CHL, GOOG
by: SA Eli Hoffmann

Motorola announced Monday it has secured $394 million in contracts from China's largest mobile carrier, China Mobile, during the first half of 2007, it said. The contracts were for GSM equipment (the prevalent wireless standard in Europe and Asia) including base stations and other infrastructure, which will be used to expand MOT 13 08 2007 Chartand upgrade China Mobile's network. Approximately 60% of the contracts' revenue was recognized in the first half of 2007. "Today's announcement clearly illustrates Motorola's continued success in the GSM market and its position as one of the leading equipment and services suppliers in China," said Ruey-Bin Kao, president of Motorola China. "Our goal is to continue to provide China Mobile with a state-of-the-art GSM network that enlarges its network coverage, maximizes investment and delivers the best services to its customers."

Sources: Press release, Reuters
Commentary: Goodbye Moto, Hello NokiaMotorola Noticeably Absent From Krusell's List of Top 10 Handset ModelsA 'Plan B' for MotorolaChina: 'In Cyberspace They Trust'
Stocks/ETFs to watch: MOT, CHL
Earnings call transcript: Motorola Q2 2007

Seeking Alpha's news briefs are combined into a pre-market summary called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only seconds to sign up.