Ericsson eyes China's new 4G network tender

Telecom equipment maker Ericsson AB expects to boost its performance in China after the country's new round of bidding for its fourth-generation mobile network, senior company officials said.

The construction of China's 4G network has been a bright spot for companies against the backdrop of a weak global economy and sluggish spending by most telecom carriers.

China Mobile Ltd, the world's biggest telecom operator by subscribers, said recently that it would launch a new tender for 4G equipment soon. The company plans to have 200,000 Time Division-Long Term Evolution, or TD-LTE, base stations in more than 300 Chinese cities this year. Analysts expect China Mobile's 4G investment to surpass 40 billion yuan ($6.44 billion) this year.