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Nokia Corporation Collaborates With China Mobile Communications Over $1B Agreement

Nokia Corporation Collaborates With China Mobile Communications Over $1B Agreement

Nokia and China Mobile sign one billion USD agreement covering 2015 contracts.

The Finnish global IT and communications organizations, Nokia, is cooperating with a Southeast Asian state-owned organization, China Mobile Communications Corporation. Both businesses proclaimed an inclusive framework contract for mobile communications equipment and facilities worth more than €930 million ($1bn).

The deal was signed on October 29 by the Chinese company’s EVP, Li Huidi, and Nokia’s EVP, Hans-Juergen Bill, and Chairman of the Board of Directors of Nokia Networks GmbH & Co KG in Germany, in the presence of Germany’s chancellor Angela Merkel and People’s Republic of China’s Prime Minister, Li Keqiang.

Nokia news exclaimed that according to the newly signed contract, Nokia Networks offer its TD-LTE-Advanced Technology and 4G/3G/ 2G core network solutions, including Voice over long-term evolution. Professional and application services, including network implementation and planning would support the launch of the China Mobile’s fourth generation network throughout 2015 and later. The carrier aims to employ 1m TD-LTE base stations later this year to develop the biggest TD-LTE system.

The Scandinavian enterprise’s network infrastructure capacities and technology would also let the Chinese company play a driving role in the growth of the most populated country’s Internet of Things (IoT) ecosystem by providing connectivity for connected vehicles, medical, and other IoT softwares. Apart from this, China Mobile Research Institute and Nokia signed an MOU on their planned collaboration in the development and evolution of 5G.

Nokia Breaking News affirmed that an employee, Mike Wang, stated, “This major agreement with China Mobile marks another milestone in our more than 20 years of partnership in the area of telecommunications. Our agreement will further accelerate TD-LTE development in the country and around the world. In addition, we are also helping China Mobile to support and promote the use of innovative IoT applications for areas as diverse as healthcare and connected cars.”

The Chinese company previously cooperated with the European telecom giant when it ratified its planned takeover of French competitor Alcatel-Lucent on a conditional basis, almost ending the $17.6bn (€15.6bn) deal’s antitrust procedure.

Nokia news today disclosed that the Chinese Ministry of Commerce stated the Finnish company had agreed to act according to specific terms by December 10, mainly linking the utilization of patent authorization and wireless telecommunications standards. The imposition of the conditions was done in accordance to the economy’s anti-monopoly law to ensure that the market conditions remain intact by the merger, it stated on its webpage.

It could be assumed that the collaboration between the two organizations would improve its image in the business world.

 

 

 

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Posted by on November 2, 2015 in nokia, Technology

 

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