Nokia signs EUR 1b deal with China Mobile
11 Jul 2018, 02:33 ( 6 Months ago) | updated: 11 Jul 2018, 10:34 ( 6 Months ago)
Nokia and China Mobile have signed a one-year frame agreement valued at up to EUR 1 billion to support the Chinese mobile operator’s transition to a future-oriented network infrastructure, said a press release.
Under the agreement, Nokia will provide China Mobile with best-in-class, end-to-end technology solutions to enable a next-generation network for the age of the cloud and machine communications.
Nokia will provide additional elements of its mobile radio access and core portfolio in addition to fixed access, IP routing and optical transport, customer experience management, as well as its services expertise delivering the quality, speed and reliability needed.
Nokia and China Mobile have also signed a memorandum of understanding for research and testing of the artificial intelligence (AI) and machine-learning capabilities of next-generation networks for the delivery of intelligent network optimization and radio resource management.
The agreement was signed at the recent Sino-German Economic Forum by China Mobile Vice President Li Huidi and Nokia Executive Vice President and Chief Human Resources Officer Hans-Jürgen Bill, who is also the chairman of the Board of Directors of Nokia Networks GmbH & Co KG in Germany. German Chancellor Angela Merkel and Chinese Premier Li Keqiang also attended the forum.
“This is a highly significant agreement with our longstanding partner that consolidates Nokia’s position as a leading provider of next-generation technologies and services in China. We are committed to delivering industry-leading, end-to-end capabilities that will allow operators to dramatically increase performance, which will introduce new possibilities for networks of the future,” said Nokia Shanghai Bell President Mike Wang.