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Even after being the lowest bidder NSN gets only 11% ($ 359 million) worth contract!!

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This is ridiculous to say the least. Why have a bidding system when you don’t have to honor it later?

http://www.nokiapoweruser.com/2013/08/19/nsn-lowest-bidder-in-china-mobiles-4g-tender-may-get-big-share-of-worlds-biggest-telecom-equipment-contract/

So, even after being the lowest bidder for China Mobile’s TD-LTE base stations bid estimated at CNY20 billion (US$3.26 billion), NSN has been awarded just 11% of the the supply contracts. Still, due to the deal being so big 11% amounts to about US$ 359 which looks good, but leaves a sordid taste in mouth when one thinks about what could have been if the bid was honored.

Thanks Marek for the Tip. Cheers!!

Source

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Nayan
Nayan has more than 10 years of experience of covering Technology and innovations. He is a big Nokia fan and Tech disruptions aficionado. He loves to review new cool gadgets and writing about Android, iOS, Gadgets and general Technology stuff. He has been associated with other well-known Tech sites WinCentral and GadgetOx since long. He currently sports a Lumia 950 XL and Nexus 5X. Other interests include listening to Nu-Metal Hits and Kick-Boxing. Write to him at Email: [email protected]
http://www.nokiapoweruser.com
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