As expected,
Nokia Corp. (NYSE: NOK) has set up a joint venture with a domestic vendor in China to develop technology based on China's home-grown 3G standard, Time Division Synchronous Code Division Multiple Access (TD-SCDMA).
Nokia's partner is state-owned mobile and fixed network vendor
China Putian, with which it already develops GSM technology. The two companies will jointly invest 900 million renminbi ($111 million), with Nokia owning 49 percent of the new venture and China Putian the remaining stake.
The venture will "focus on R&D, manufacturing and sales of 3G network solutions for TD-SCDMA and WCDMA technologies," Nokia stated.
Unstrung first reported Nokia's intentions last month after analysts at
Merrill Lynch & Co. Inc. anticipated an announcement. (See
Wireless Nuggets.)
Developed by the Chinese Academy of Telecommunications Technology, TD-SCDMA [ed. note: though it has the sound of a skin disease] has been approved by the
3rd Generation Partnership Project (3GPP) and combines older Time-Division Multiple Access (TDMA) with Time-Division Duplexing (TDD) techniques of broadcasting over a single chunk of spectrum, rather than the normal two bands. (See
TD-SCDMA Forum Joins 3GPP.)
Read the whole story at
Unstrung.
— Ray Le Maistre, International News Editor,
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