Tuesday , 20 November 2018
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Nokia signs contracts worth $2.3bn with three Chinese telecoms operators

Nokia signs contracts worth $2.3bn with three Chinese telecoms operators

Nokia today signed contracts worth a combined value of more than US$2.3 billion with three Chinese state-owned telecoms operators at the first China International Import Expo (CIIE), currently underway in Shanghai.

The separate frame agreements have been signed with China Mobile, China Telecom and China Unicom to deploy technologies and services in order to improve performance in fixed and mobile broadband networks across China, states a November 7 press release.

The ‌Finnish telecoms equipment maker will work to help the country meet the ever-growing demand for the internet as operators transition towards 5G, as well as enhance the speed, reliability and capacity in the networks.

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Mike Wang, president of Nokia Shanghai Bell, expressed the firm’s excitement in helping its customers in China transition: “Leveraging the breadth of our end-to-end network and services capabilities, we will work closely with China Mobile, China Telecom and China Unicom to deploy technologies that meet their specific business needs.”

According to Nokia, the agreements covers delivery of radio access, core, passive optical networks, IP routing and optical transport, SDN, network management and professional services.

In addition, the Finnish firm will support China Telecom, the third largest mobile telecommunication provider in the country, to improve its 4G LTE coverage and hot spot capacity, plus provide its end-to-end portfolio and solutions.

China Unicom, the world’s fourth-largest mobile service provider by subscriber base, will receive assistance in deploying technologies across the country, such as Nokia FDD-LTE radio access and Multi-access Edge Computing.

In July 2017, Nokia announced a business and patent cooperation agreement with Chinese smartphone manufacturer Xiaomi. The deal will see the two companies engage in patent cross-licensing on mobile network standards, as well as Xiaomi purchasing some of Nokia’s patent assets.

Before the world’s first import-themed national-level expo opened in Shanghai, Chinese ambassador Chen Li told gbtimes.com that China is Finland’s fourth largest trading partner in the world and has been its largest trading partner in Asia for 15 consecutive years.

“Finland is an important trading partner for China among European countries. According to Finnish customs statistics, the trade volume between China and Finland in 2017 was 7.95 billion euros (US$9.05bn) – one of the best figures recorded in the history of trade between the two countries.”

The China International Import Expo will continue until November 10 at the Shanghai National Convention and Exhibition Center.

Asa Butcher

Asa Butcher
is a senior editor at gbtimes.com and has been writing about China since 2011.

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