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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: S100 who wrote (8934)	1/24/2001 4:08:51 PM
From: Eric L	Respond to of 34857

Re: Nokia in China Again - Yunnan Mobile - >> Nokia Signs $160M China Deal J.B. Houck Wireless NewsFactor January 23, 2001 Analysts say Finland-based Nokia has an advantage of scale over other competitors in China, with a wider product portfolio and a broader base of customers. Further deepening its business ties in China, Nokia signed an agreement Monday valued at about US$160 million to expand the wireless network of Yunnan Mobile Communications Company in that country. It is the seventh agreement between the two companies since 1996. Under the new agreement, Nokia will supply its high-capacity GSM 900 and GSM 1800 network mobile switching equipment and base station controllers to Yunnan MCC, which will enhance the capacity and quality of its services for its 1.94 million subscribers in the Yunnan province of southern China. Nokia also will provide its UltraSite base station, which can support Global System for Mobile communications (GSM), high-speed data, General Packet Radio Service (GPRS), EDGE and Wideband Code Division Multiple Access (WCDMA) for 3G technologies. "This agreement is a further proof of our valued long-standing partnership with Yunnan," said Antti Ware, system business vice president of Nokia (China) Investment Co. Ltd. "Nokia's high capacity infrastructure is designed to meet the demands of such fast-growing networks, important for operators to maintain a competitive edge," Ware added. Nokia's China Stake China is Nokia's second largest source of sales revenue in the world: Nokia's investment in China already exceeds $1 billion. Nokia has established eight joint ventures, a wholly owned manufacturing plant and a research and development center in China. The company employs more than 5,000 people in China and operates more than 20 offices in the country. At the end of December, Nokia announced it would supply GPRS Core network infrastructure for four provincial networks being built by the China Mobile Communications Corporation. The deal is worth a reported $15 million. A Nokia joint venture, Beijing Nokia HangXing Telecommunications Systems Co., will implement the new systems, which are scheduled to begin operations by 2002. China Mobile, which employs 107,000 people, had 1999 sales of more than $3 billion. A brand survey conducted earlier in December showed Nokia is the second most-popular brand among mobile phone products in China, slightly behind Motorola. The two companies have almost double the name recognition of third-place Ericsson. 40 Million Users by 2001 China is in the midst of a technology revolution; according to Deloitte Touche Tohmatsu, the number of Chinese online is doubling every six months. The Yankee Group predicted that during 2001, China will have the largest Internet population in the Asia-Pacific region, with about 40 million users; by 2005, China should surpass the United States with the most users in the world. Analysts have noted Nokia has an advantage of scale over other competitors in the region, with a wider product portfolio and a broad base of customers throughout the mobile market, especially at the low end. But other experts have suggested that despite its handheld wireless expertise, Nokia would be wise to join with a consumer electronics company to develop devices that offer more features. << - Eric -