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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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06/07/201608:00:00Technology, Public Safety, and Telecommunication Leaders Unite...
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05/25/201609:49:00Microsoft to Streamline Smartphone Business, Cut 1,850 Workers--Update
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05/25/201605:39:00Microsoft to Streamline Smartphone Hardware Business
05/24/201605:06:44Nokia's Capital Markets Day will be held on November 15, 2016
05/19/201603:04:00Microsoft Cuts Low-End Phones -- WSJ

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