Nokia Siemens Networks Wins Chinese Contracts Worth $1.1 Billion
Published on: 24th Feb 2009
Note -- this news article is more than a year old.
China Mobile and China Unicom have separately signed agreements to purchase 2G and 3G mobile equipments and services from Nokia Siemens Networks during 2009. Under the framework agreements Nokia Siemens Networks will roll out WCDMA networks for China Unicom in 11 provinces across China. In addition, it will provide China Mobile with TD SCDMA and GSM networks.
Commenting on the signing of the agreement was Zhang Zhiqiang, head of Greater China Region, Nokia Siemens Networks, "We have always played a key role in the development of China's telecom sector. With the country gearing up for the launch of 3G services, we are once again in a competitive position to leverage our experience across both WCDMA and TD-SCDMA technologies and roll-out services to support the plans of Chinese operators."
The two contracts combined have a valuation of RMB 7.6 billion (USD1.12 billion).
To ensure the successful commercial launch of 3G and its further network evolution to LTE, Nokia Siemens Networks has invested in six R&D sites in China. Of them, the Hangzhou High-tech Software Park has become an innovation base for advanced mobile communications technologies such as GSM/EDGE, WCDMA/HSPA, LTE and I- HSPA, WiMAX.