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Nokia Networks inks $970 million deal with China Mobile

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Nokia Networks has recently received People’s Republic of China Friendship Award” and now it has been followed by a big $970 million deal with China Mobile.

Nokia Networks and China Mobile today announced a framework agreement for mobile communication equipment and services valued at 970 million USD (760 million euros). The agreement was signed at the Sino-German Economic Forum in Berlin by Li Huidi, Vice President of China Mobile, and Hans-Juergen Bill, Executive Vice President at Nokia and also Chairman of the Board of Directors of Nokia Networks GmbH & Co KG in Germany.

China Mobile is the world’s largest wireless operator and has the goal of building the world’s largest TD-LTE network by the end of 2014. Nokia Networks has supplied half of all commercial TD-LTE networks globally and is the only vendor to have deployed TD-LTE on all six continents.

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