Nokia Just Lost This Top Chinese 5G Customer [The Motley Fool]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
Company Research
Source: The Motley Fool
China Mobile(NYSE:CHLNokiaNYSE:NOKBack in 08, Nokia won a major contract from China Mobile to supply equipment for its regional optical transport network. The partnership was considered a major victory for Nokia, which was struggling to keep pace withEricssonNASDAQ:ERICZTEOTC:ZTCOYHuaweiNokia said the optical network would "support the next-generation of network services, especially G," in China. Many investors likely assumed Nokia would remain a top supplier for China Mobile's new G networks, which already served. millionImage source: Getty Images.Last year, China Mobile selected Nokia, Ericsson, Huawei, and ZTE as the four suppliers for the first phase of its G rollout. Nokia gained % of China Mobile's mobile management entity device contracts and 9% of its system architecture evolution gateway contracts. However, China Mobile recently left Nokia out of the second phase of the G rollout, splitting its contracts between Huawei (7.%), ZTE (8.7%), Ericsson (.%), andChina Information Co
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