Nokia Networks Gets $1 Billion Mobile Broadband Deal From China Mobile
October 30 2015 - 4:56AM
Dow Jones News
By Dominic Chopping
Nokia Corp has received a $1 billion contract from China Mobile
(CHL) to supply mobile broadband equipment and services, as the
operator rolls out its fourth-generation network.
The companies announced earlier this month that Nokia Networks
had been commissioned to provide its latest Time-Division Long-Term
Evolution Advanced (TD-LTE) technology to China Mobile, marking the
third phase of an ongoing TD-LTE deployment with the company.
The Finnish maker of high-speed mobile networks will supply its
TD-LTE telecommunications technology as well as second, third and
fourth generation network solutions.
Deliveries under the agreement started in the first quarter of
2015 and will continue in 2016.
Nokia Networks and China Mobile Research Institute have also
signed a Memorandum of Understanding on their strategic cooperation
in the evolution and development of 5G.
Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
(END) Dow Jones Newswires
October 30, 2015 04:41 ET (08:41 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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