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Nokia signs billion-euro network tech deal with China Mobile

Nokia will provide technology to support mobile operator giant China Mobile with a new generation of networks.

Nokian osasto Shanghain Mobile World -messuilla 27. kesäkuuta.
Nokia booth at the Shanghai Mobile World exhibition on 27 June. Image: AFP

Finnish networks company Nokia said on Tuesday that it has signed a one-billion-euro contract to provide network technology to China Mobile.

Nokia said over the one-year framework agreement it will deliver mobile radio access, fixed access, IP routing and optical transport systems as well as other services to the Chinese mobile operator.

"This is a highly significant agreement that consolidates Nokia's position as a leading provider of next-generation technologies in China,” said Mike Wang, President of Nokia Shanghai Bell in a press release.

Shares in Nokia were up 1.7 percent following the deal announcement.

China Mobile is the world's largest mobile operator, with approximately 900 million domestic subscribers.

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