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Nokia concludes over EUR 2 bln deal with top Chinese mobile operators
2018/11/09 09:59:05
China's Financial News, China News ,Nokia

Nov 09, 2018 (China Knowledge) - Nokia has announced, on Wednesday, that it has signed framework agreements with China Mobile, China Telecom and China Unicom, with a total value of EURO 2.3 billion. According to the agreement, Nokia will deploy technology and services to help improve the performance of fixed and mobile broadband networks nationwide, so as to meet the growing demand and accelerate the evolution of operators to 5G. Ericsson, also, has also reached framework agreements or purchasing intentions with the three major operators on November 6 and 7, which will be implemented in 2019.

It is understood that 5G communication equipment has entered the above procurement agreement, which is also the key content of the above agreements.

At the end of last year, 5G NSA (Independent Networking) standard was adopted, and in June this year, 5G SA (Independent Networking) standard was adopted again, which means that the first stage of full-function standardization of 5G is completed. After that, the industry is very concerned about when 5G equipment will enter the supply and procurement phase.

In fact, in above agreements, the content of 5G is directly mentioned. Nokia, for example, said it would increase 5G cooperation with China Telecom to speed up the process of 5G construction in China; cooperate with China Unicom to improve network quality and capacity to expand its 4G LTE customer base; and expand Internet of Things (IoT) services and accelerate 5G evolution through the application of artificial intelligence in the network.

Ericsson and China Unicom also mentioned in their purchasing intentions that the two sides agreed to continue to deepen cooperation on the basis of existing 4G mobile networks, and jointly promote 5G and related areas of experiments to achieve business expansion.


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