Nokia signs frame agreements worth more than EUR 2 billion with three Chinese operators
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: GlobeNewswire
Press Release Contracts signed with China Mobile, China Telecom and China Unicom at China International Import Expo in ShanghaiAgreements cover delivery through to end-2019 of radio and fixed access equipment; IP routing and optical transport equipment; SDN and network functions virtualization products; and servicesAgreements will increase network speed and capacity and improve reliability across China, introduce new network capabilities as operators evolve toward 5G 7 November 2018 Shanghai, China - Nokia has signed three separate frame agreements worth a combined value of more than EUR 2 billion with China Mobile, China Telecom and China Unicom. Under the agreements, Nokia will deploy technologies and services to improve performance in fixed and mobile broadband networks across China to meet ever-growing demand as operators transition towards 5G.Demand for the internet, particularly on a mobile device, continues to rise in China, the world's most populous country. China
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