Nokia signs frame agreements worth more than EU...
Press Release
- Contracts signed with China Mobile, China Telecom and China Unicom at China International Import Expo in Shanghai
- Agreements cover delivery through to end-2019 of radio and fixed access equipment; IP routing and optical transport equipment; SDN and network functions virtualization products; and services
- Agreements will increase network speed and capacity and improve reliability across China, introduce new network capabilities as operators evolve toward 5G
7 November 2018
Shanghai, China - Nokia has signed three separate frame agreements worth a combined value of more than EUR 2 billion with China Mobile, China Telecom and China Unicom. Under the agreements, Nokia will deploy technologies and services to improve performance in fixed and mobile broadband networks across China to meet ever-growing demand as operators transition towards 5G.
Demand for the internet, particularly on a mobile device, continues to rise in China, the world's most populous country. China Mobile, China Telecom and China Unicom are committed to delivering the highest quality service to their subscribers and will leverage products and services from across Nokia's end-to-end portfolio, through to the end of 2019, to enhance speed, reliability and capacity in their networks.
Mike Wang, president of Nokia Shanghai Bell, said: "We are excited to continue our close collaboration with these important customers in China, to drive new levels of network performance as they transition toward 5G. Leveraging the breadth of our end-to-end network and services capabilities, we will work closely with China Mobile, China Telecom and China Unicom to deploy technologies that meet their specific business needs."
Scope of the agreements
- Nokia will deliver technologies and expertise across China for China Mobile: radio access, core, passive optical networks, IP routing and optical transport, SDN, network management and professional services.
- Nokia will support China Telecom to improve country-wide 4G LTE coverage and hot spot capacity. Nokia will provide its end-to-end portfolio and solutions for China Telecom including FDD-LTE radio access, home CPE solutions, core routers, multi-service edge routers and optics as well as its services expertise. Both parties will also enhance 5G cooperation and accelerate China's 5G progress.
- Nokia will help China Unicom deploy technologies across the country including Nokia FDD-LTE radio access, Multi-access Edge Computing, virtualized IMS, SDN, IP routing and optical transport, and fixed network equipment. Working with Nokia, China Unicom aims to enhance network quality and capacity to grow its 4G LTE customer base, while researching and developing the expansion of IoT services and the evolution to 5G, including the use of artificial intelligence in networks.
Nokia will provide its services expertise under the frame agreements, including network planning, implementation, systems integration, maintenance and performance optimization.
Resources
- Web Page: Nokia Products and Solutions
- Web Page: Nokia Radio networks
- Web Page: Nokia Core networks
- Web Page: Nokia IP routing
- Web Page: Nokia Optical transport
- Web Page: Nuage Networks from Nokia
About Nokia
We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing.
We adhere to the highest ethical business standards as we create technology with social purpose, quality and integrity. Nokia is enabling the infrastructure for 5G and the Internet of Things to transform the human experience. www.nokia.com
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FORWARD-LOOKING STATEMENTS
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These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences include, but are not limited to: 1) our strategy is subject to various risks and uncertainties and we may be unable to successfully implement our strategic plans, sustain or improve the operational and financial performance of our business groups, correctly identify or successfully pursue business opportunities or otherwise grow our business; 2) general economic and market conditions and other developments in the economies where we operate, including the timeline for the deployment of 5G and our ability to successfully capitalize on that deployment; 3) competition and our ability to effectively and profitably invest in new competitive high-quality products, services, upgrades and technologies and bring them to market in a timely manner; 4) our dependence on the development of the industries in which we operate, including the cyclicality and variability of the information technology and telecommunications industries and our own R&D capabilities and investments; 5) our dependence on a limited number of customers and large multi-year agreements; 6) our ability to manage and improve our financial and operating performance, cost savings, competitiveness and synergies generally and our ability to implement changes to our organizational and operational structure efficiently; 7) our global business and exposure to regulatory, political or other developments in various countries or regions, including emerging markets and the associated risks in relation to tax matters and exchange controls, among others; as well as the risk factors specified on pages 71 to 89 of our 2017 annual report on Form 20-F published on March 22, 2018 under "Operating and financial review and prospects-Risk factors" and in our other filings or documents furnished with the U.S. Securities and Exchange Commission. Other unknown or unpredictable factors or underlying assumptions subsequently proven to be incorrect could cause actual results to differ materially from those in the forward-looking statements. We do not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
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Source: NOKIA via Globenewswire
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