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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
08/27/201508:10:00French Telecoms Tycoon Drahi to Hire Alcatel-Lucent CEO Combes...
08/03/201506:33:05BMW, Audi, Daimler Clinch Purchase of Nokia's Maps Business--2nd...
08/03/201503:41:25BMW, Audi, Daimler Clinch Purchase of Nokia's Maps Business--Update
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08/03/201502:03:09BMW, Audi, Daimler Agree to Buy Nokia's Here Maps Business in...
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07/21/201515:32:28Audi, BMW and Daimler to Buy Nokia Here -- Source
07/21/201505:30:08Bosch, TomTom to Jointly Develop Maps for Self-Driving Cars
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07/13/201518:00:03Did Satya Nadella Just Kill Windows Phone?
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07/09/201520:00:03Microsoft Corp. Admits That Its Smartphone Foray Has Been a Disaster
07/09/201506:56:00Finland Government Steps In to Help Laid-Off Microsoft Workers
07/08/201519:23:10Microsoft to Cut 6.6% of Staff, Write Down Nokia Buy--6th Update

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