Ericsson anticipates to grab Swan’s network rollout contract (India)

www.WirelessFederation.com/news: According to China Telecom, its first quarter net profit fell 27% due to intense market competition and the impact of the global financial crisis. The firm reported net profit of 4.7 billion yuan ($687.8 million) at the end of March against 6.47 billion yuan a year earlier. However, the operative revenues have grown to 15% to 50.9 billion yuan for the reported period.