Nokia Siemens In EUR550 Million China Mobile Deal

July 14, 2008

STOCKHOLM (Dow Jones) Nokia Siemens Networks said Friday it is to power China Mobile’s expansion drive, signing a EUR550 million network expansion frame agreement.

Under the contract, Nokia Siemens Networks, a joint venture between Finland’ Nokia Corp. (NOK) and Germany’s Siemens AG (SI), will build the radio and core network for China Mobile, in provinces and cities across China.

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