Nokia signs EUR 2 billion in deals in China

Nokia has announced two major contracts in

China

worth over EUR 2 billion this year. The company has signed a framework agreement worth EUR 580 million to supply China Mobile with GSM/GPRS network equipment. Deliveries have already started for the equipment, which includes radio and core network, base stations and the MSC Server mobile softswitch, as well as network planning, implementation and care services. In addition, Nokia has extended its supplier deal with China Postel Mobile Communication Equipment. The companies will cooperate more on mobile terminal sales, distribution network development and overall resource sharing, including further pushing sales of low-end Nokia phones. China Postel is expected to purchase Nokia phones worth in total some CNY 15 billion (EUR 1.5 billion) this year.

Source- http://www.telecompaper.com

Technorati : China, Mobile, Nokia
Ice Rocket : China, Mobile, Nokia