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Nokia Siemens Networks Inks 4G Deal in Saudi Arabia

By Katarina Gustafsson Network equipment vendor Nokia Siemens Networks (NOK, SI) said Wednesday that it has signed a 4G deal with Saudi Arabian operator Zain KSA. MAIN FACTS: -Zain will use Nokia Siemens Networks as its infrastructure and services vendor for Jeddah, Saudi Arabia's second-largest city. -Zain will refarm--clear and reassign frequencies from low to high value applications--its 1800MHz GSM frequency band to 4G services. -Nokia Siemens Networks will also manage Zain's 4G network in Jeddah in addition to Zain's existing GSM and 3G networks in the city. -At 1208 GMT Nokia shares were up 4.7% at EUR2.24. Write to Katarina Gustafsson at katarina.gustafsson@dowjones.com

Stock News for Nokia (NOK)
DateTimeHeadline
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04/15/201511:16:31European Stocks Edge Higher, Euro Falls Ahead of ECB Announcement...
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04/15/201510:52:07ADR Shares End Higher; Alcatel-Lucent Rises
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04/15/201505:20:57French Government Welcomes Nokia-Alcatel Deal
04/15/201505:18:29European M&A Deal Volume Rises, but Still Trails U.S.
04/15/201505:01:22EUROPE MARKETS: Europe Stocks Slip After Five-session Streak;...
04/15/201503:15:19Nokia Looks to Reinvent Itself Yet Again

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