Nokia & China Mobile Sign €1.36B Frame Agreement

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6/13/2016
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BEIJING -- Nokia and China Mobile have signed a one-year frame agreement, valued at up to EUR 1.36 billion, to help the leading Chinese mobile operator transition to a flexible cloud network infrastructure, providing seamless connectivity that will more efficiently meet the ever-growing data demands of its subscriber base. Both Nokia Networks China and ASB will provide services under the agreement.

The agreement was signed at the Sino-German Economic Forum by Li Huidi, Executive Vice President at 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. The German Chancellor Angela Merkel and the Chinese Premier Li Keqiang attended the forum.

Under the agreement, Nokia will deploy its innovative 5G-ready AirScale Base Station, which allows multiple radio technologies to operate simultaneously in one base station and offers virtually unlimited scalability to support 5G speeds and IoT demand. Nokia will also provide additional elements of its mobile radio access and core portfolio in addition to fixed access, IP routing and optical transport, customer experience management, operational support system (OSS) and third party products as well as its global Services expertise.

Nokia Corp. (NYSE: NOK)
China Mobile Ltd. (NYSE: CHL)

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