Sunday, October 12, 2014

Nokia Inks US$970 million Deal with China Mobile

Nokia Networks announced a framework agreement with China Mobile for mobile communication equipment and services valued at US$970 million.

Specifically, Nokia Networks will provide its 4G TD-LTE technology including Evolved Packet Core (EPC) and GSM wireless networking equipment, core application platforms, OSS, software, and services to support China Mobile’s 4G wireless broadband network rollout in 2014 and 2015. Deliveries under the agreement commenced in Q1 of this year.


The agreement was signed at the Sino-German Economic Forum in Berlin by Li Huidi, Vice President of China Mobile, and Hans-Juergen Bill, Executive Vice President at Nokia and also Chairman of the Board of Directors of Nokia Networks GmbH & Co KG in Germany.

“This contract marks another milestone in the strategic partnership between China Mobile and Nokia Networks. We have been closely cooperating throughout the past years to jointly commercialize and globalize TD-LTE, and this agreement will further accelerate 4G TD-LTE development in China as well as worldwide,” said Markus Borchert, President of the Greater China region at Nokia Networks. “We have been a key global driver over the past 16 years in making TD technologies (TD-SCDMA/TD-LTE/TD-LTE-Advanced) become global standards, both of which are strong proof points of our delivery capabilities for the largest TD-LTE networks in the world. Our proven capabilities and commitment have made Nokia Networks the most reliable partner for China Mobile which is further underscored with this framework agreement.”

http://networks.nokia.com/

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