The Finnish telecom equipment giant, Nokia has signed a 1.36-billion-euro ($1.53 billion) deal with China Mobile to devise a “cloud network” for the Chinese operator.
Nokia Enters into an Agreement with China Mobile to Devise a Cloud Network
Nokia revealed in a statement that:
“The frame agreement would entail seamless connectivity that will more efficiently meet the ever-growing data demands of its subscriber base.”
Nokia is all set to offer an innovative type of base station which permits the use of diversified radio technologies at the same time and is expansible to support all connection speeds from the oldest to the forthcoming, ultra-fast 5G networks and connected objects.
China Mobile is the world’s leading mobile operator and one of three public operators in the Chinese market. The world’s former number one in handsets, Nokia, now focuses on network equipment.
The agreement was signed in Beijing at the Sino-German Economic Forum by Li Huidi, China Mobile’s Vice President, and Hans-Juergen Bill, head of Nokia Networks in Germany, while German Chancellor Angela Merkel and China’s Prime Minister Li Keqiang were also there.
“It strengthens Nokia’s position as a leading provider of next-generation technologies in China.”
Informed Nokia’s Mike Wang who heads operations in China.
China Mobile has more than 835 million mobile clients recorded for the month of April, according to both Hong Kong and New York stock exchanges.