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Technology Stocks : Nokia (NOK)
NOK 7.040+0.1%10:39 AM EST

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To: tero kuittinen who wrote (1212)12/7/1998 12:52:00 PM
From: Mika Kukkanen   of 34857
 
Nokia delivers HSCSD solution to Hongkong Telecom for advanced GSM data services

December 7, 1998) - Nokia and Hongkong Telecom have signed an agreement for the delivery of its High Speed Circuit Switched Data (HSCSD) solution, enabling the introduction of advanced mobile data services in Hongkong Telecom's GSM network.

HCSCD technology is a new feature of the GSM system. The solution boosts data speeds from the current 9.6. kbit/s to 14.4 kbit/s in a single traffic channel and using multiplexing techniques operators will be able to offer data rates up to 57.6 kbit/s - six times faster than currently available. With help of compression technology, data speed can be increased even higher. A high data transmission speed makes it possible to transmit live images through GSM networks.

"We will make use of our dual band network and the High Speed Data equipment from Nokia to develop mobile data services and pave the way for personal multimedia. A mobile banking service to be launched in the first quarter of next year is expected to be the first innovation adopting the HSCSD technology," says Ross Cormack, Managing Director, Hongkong Telecom Mobile Services.

"The agreement we signed today is a continuation of our long-term relationship, which began in 1983. Hongkong Telecom launched their dual band network supplied by Nokia in November," says Mike Mulvey, Managing Director, Nokia Telecommunications, Hong Kong. "We see that data will play a significant role in future mobile communications, HSCSD serves as an important step for operators to expand their data service offerings."

Hongkong Telecom, a Cable & Wireless Company, is Hong Kong's major full-service communication provider, marketing a full array of quality voice and data telecommunication services backed by a state-of-the-art, fully digital fibre-optic network. Services include basic telephony, international calls, specialized fax and data products, value-added services, Internet access, multimedia service, satellite links and telecommunications equipment and systems.

Nokia offers total GSM systems, with everything from digital mobile phones to transmission and switching as well as extensive services and network management solutions for building, efficiently operating and developing these networks. Having supplied GSM technology to 77 operators in 37 countries, Nokia ranks as the world's largest supplier of GSM 1800 networks and one of the two largest in GSM 900.

Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related
customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion (USD 9.8 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK.A), has sales in 130 countries and employs more than 42,000 people world-wide.

Contact information:

Arja Suominen, Vice President, Communications,
Nokia Telecommunications
Tel. (Int.) + 358 9 5113 8193
Fax (Int.) + 358 9 5113 8199
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