Nokia to build China Mo­bile’s cloud net­work

Pakistan Observer - - ECONOMY WATCH -

HELSINKI—Nokia has signed a 1.36-bil­lion-euro ($1.53 bil­lion) frame agree­ment with China Mo­bile to cre­ate a “cloud net­work” for the Chi­nese op­er­a­tor, the Fin­nish tele­com equip­ment gi­ant said Monday. The deal would en­tail “seam­less con­nec­tiv­ity that will more ef­fi­ciently meet the ever-growing data de­mands of its sub­scriber base,” Nokia said in a state­ment. Nokia is to de­liver a new type of base sta­tion which al­lows the use of mul­ti­ple ra­dio tech­nolo­gies si­mul­ta­ne­ously and is scal­able to sup­port all con­nec­tion speeds from the old­est to the up­com­ing, ul­tra-fast 5G net­works and con­nected ob­jects.

China Mo­bile is the world’s largest mo­bile op­er­a­tor and one of three pub­lic op­er­a­tors in the Chi­nese mar­ket. Nokia, the world’s for­mer num­ber one in hand­sets, now con­cen­trates on net­work equip­ment. The deal was signed in Bei­jing at the Si­noGer­man 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 present.

It “strength­ens Nokia’s po­si­tion as a lead­ing provider of next-gen­er­a­tion tech­nolo­gies in China,” said Nokia’s Mike Wang who leads op­er­a­tions in China. Listed both in the Hong Kong and New York stock ex­changes, China Mo­bile had around 835 mil­lion mo­bile clients in April.—APP

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