HELSINKI: Nokia on Thursday announced a $150-m deal to further expand mobile phone networks for Henan MCC in China, the company’s largest single market area.
Deliveries for the contract, the 11th expansion of GSM (Global System for Mobile communication), networks for Henan Mobile Communication will begin immediately. The network will be fully operational by the end of September, Nokia said.
Nokia, the world’s largest mobile phone maker and market leader in China and India, has increasingly turned its attention to Asia from Europe, where cell phone levels are reaching saturation point. It estimates that by ’08 the number of global mobile phone owners will grow to 3bn, with some 80% of the growth in the emerging markets of China, India, Southeast Asia and Africa where penetration levels are still low.
Last year, China became Nokia’s largest single market, overtaking the US, with net sales growing 28% to euro3.4bn ($4 bn). In March, it announced co-operation with Baidu.com, a leading Chinese-language internet search provider, to make mobile search easier and more convenient in Chinese-speaking markets.
Nokia has been Henan MCC’s major supplier for every GSM expansion since 1995, and is the operator’s sole provider of networks using GSM or GPRS, or General Packet Radio Service, technology. Henan MCC is a wholly owned subsidiary of China Mobile. Based in Espoo, just outside the Finnish capital, Nokia has sales in 130 countries and 59,000 employees.
Source: economic Times
Deliveries for the contract, the 11th expansion of GSM (Global System for Mobile communication), networks for Henan Mobile Communication will begin immediately. The network will be fully operational by the end of September, Nokia said.
Nokia, the world’s largest mobile phone maker and market leader in China and India, has increasingly turned its attention to Asia from Europe, where cell phone levels are reaching saturation point. It estimates that by ’08 the number of global mobile phone owners will grow to 3bn, with some 80% of the growth in the emerging markets of China, India, Southeast Asia and Africa where penetration levels are still low.
Last year, China became Nokia’s largest single market, overtaking the US, with net sales growing 28% to euro3.4bn ($4 bn). In March, it announced co-operation with Baidu.com, a leading Chinese-language internet search provider, to make mobile search easier and more convenient in Chinese-speaking markets.
Nokia has been Henan MCC’s major supplier for every GSM expansion since 1995, and is the operator’s sole provider of networks using GSM or GPRS, or General Packet Radio Service, technology. Henan MCC is a wholly owned subsidiary of China Mobile. Based in Espoo, just outside the Finnish capital, Nokia has sales in 130 countries and 59,000 employees.
Source: economic Times