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Technology Stocks : NOKIA NEWS

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To: Mephisto who started this subject10/25/2000 12:59:27 PM
From: Mephisto   of 212
 
Nokia To Supply Broadband IP Access Solution to
Jinan & Nanjing Telecom in China


Nokia has signed an agreement with Jinan & Nanjing Telecom to supply Nokia's D50e broadband access solution to Jinan & Nanjing province in China, bringing fast Internet access to subscribers.

In the Jinan contract, Nokia will supply its broadband access solution in the Jinan metropolitan areas, which accounts for the majority of the total broadband access network in the province. Nokia's D50e solution enables Jinan Telecom to initially start with an efficient investment then scale up for extensive coverage throughout the entire province.

Nokia will also deliver D50e DSLAM to Nanjing Telecom, which serves Nanjing, the capital city of Jiangsu province on the
East Coast of China.

The Nokia D50e is a flexible, two-stage ATM-based DSLAM (Digital Subscriber Line Access Multiplexer) platform, which
enables operators to provide customers with high-speed DSL services ranging up to 8 Mbps. With Nokia D50e platform,
operators can make full use of existing network resources and coverage and provide selectable bandwidth to satisfy the
increasing demand for high-speed Internet access. Working with Nokia's other IP (Internet Protocol) products, the Nokia D50e helps operators to establish an optimum DSL broadband access system.

``Nokia is pleased to be cooperating with Jinan Telecom and Nanjing Telecom, helping bring advanced high-speed Internet
access to Chinese subscribers,'' said Malcolm Arnold, Vice President, System Business, Nokia (China) Investment Co. Ltd, ``The Nokia solution allows operators to provide users with simultaneous access to the broadband network and traditional telephone service.''

In April, Nokia's broadband access equipment, the Nokia D50e, passed the final tests of the Ministry of Information
Industry (MII) and gained an approval license for China. Nokia thus became the first infrastructure manufacturer to be awarded a broadband Digital Subscriber Line Access Multiplexer (DSLAM) license in China, successfully initiating Nokia's marketing strategy for entering the high-speed Internet and broadband access fields in China.

As one of the world's leading telecommunications companies, Nokia is committed to long-term partnerships in China. With
many technology innovations Nokia has strengthened its market position as a leading supplier of mobile and fixed
communications systems and equipment in China.

At present, China is Nokia's second largest country in the world in terms of sales revenue, and Nokia's investment in China already exceeds USD1 billion. Nokia has established eight joint ventures, one wholly owned manufacturing plant and a research & development center in China. Nokia currently employs approximately 4,000 people in China.


Today, Nokia's broadband DSL solution is deployed in over 4,000 central offices worldwide whose telecom networks
reach 80 million homes and business. In the previous twelve months, Nokia has signed contracts to deploy the Nokia
D50/D50e DSLAM, LoopMaster and CPE with over 18 telecom and service providers throughout Europe, North and South America, Asia and Austrailia.

Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure
solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP
networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is one of the most broadly held companies in the world with listings on six major exchanges.
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