Nokia signs $1.53 billion deal with China Mobile

Nokia signs $1.53 billion deal with China Mobile
Published: 13 June 2017 - 4:12 a.m.
By: CommsMEA staff writer

Nokia and China Mobile have signed a one-year frame agreement, valued at up to EUR 1.36 billion ($1.53 billion), to help the Chinese operator transition to a flexible cloud network infrastructure. 

Both Nokia Networks China and ASB will provide services under the agreement.

The agreement was signed at the Sino-German Economic Forum by Li Huidi, EVP at China Mobile, and Hans-Juergen Bill, EVP at Nokia and also chairman of the board of directors of Nokia Networks GmbH & Co KG in Germany.  

Under the agreement, Nokia will deploy its 5G-ready AirScale Base Station. Nokia will also provide additional elements of its mobile radio access and core portfolio in addition to fixed access, IP routing and optical transport, customer experience management, OSS and third party products as well as its global Services expertise.

Mike Wang, president of the joint management team of Nokia Networks China and ASB, said: "This is a highly significant agreement with our longstanding partner; it  strengthens Nokia's position as a leading provider of next-generation technologies in China, and reflects our larger footprint in the country following the acquisition of Alcatel-Lucent. We are committed to delivering mobile broadband capabilities that will allow operators to optimise their networks and open up new opportunities for them and their subscribers."

The frame agreement builds on a longstanding relationship between the companies in developing, trialling and deploying new technologies to enable seamless cloud connectivity and faster, more affordable Internet access to meet the demand as well as the evolution of networks to embrace the Internet of Things and eventually 5G.

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