Sunday, May 13, 2007

Nokia Strengthens Ties with China's Largest Mobile Phone Distributor

Nokia signed a strategic partnership agreement with China Postel Mobile Communication Equipment Co., Ltd. (China Postel), China's largest mobile phone distributor. China Postel is expected to purchase mobile devices from Nokia to the value of approximately USD 2.5 billion in 2007. In addition, both parties have agreed to deepen strategic ties, especially with regard to network channel development, as the two companies make significant bilateral resource investments.

China Postel has been the leading distributor on the China mobile phone market for eight consecutive years, with a market share of over 30% in 2006. Since the collaboration between Nokia and China Postel began in 1998, China Postel has distributed over 37 million Nokia mobile phones across China.

See also