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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 180.21-1.2%3:59 PM EST

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To: Caxton Rhodes who wrote (31415)6/1/1999 10:22:00 AM
From: Michael  Read Replies (1) of 152472
 
Nokia to Supply CDMA Phones for $165 Mln to Telefonica Celular

Helsinki, June 1 (Bloomberg) -- Nokia Oyj, the world's No. 1 cellular phone
maker, said it will supply phones worth $165 million to Telefonica Celular, a
Brazilian mobile phone operator.

The phones, the 6180 and 5180 series, are based on the so- called Code
Division Multiple Access system. Deliveries will start this month.

''To guarantee quality and customer service efficiency we will continue to look for
high quality partners such as Nokia,'' said Paulo Cesar Texeira, operations vice
president at Telefonica Celular in a statement.

Last week, Bell Atlantic Mobile, the wireless division of Bell Atlantic Corp.,
delivered a snub to Nokia when it said it would buy 1 million Motorola Inc. digital
wireless phones and accessories from the second-largest cellular phone maker.

Nokia shares rose 2.05 euros, or 3.0 percent, to 71.05 in Helsinki.

Jun/01/ 99 8:23
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