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.