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

To: alruss who wrote (596)	4/6/1998 7:49:00 AM
From: Jim Lurgio	Read Replies (1) \| Respond to of 34857

HELSINKI, Finland--(BUSINESS WIRE)--April 6, 1998-- Nokia has been awarded a contract of approximately USD 130 million by the Henan Post and Telecommunications Administration (PTA), China. With this fourth expansion, Nokia will continue as the main supplier for the Henan PTA GSM network. Deliveries will begin immediately and the network expansion will be launched in early 1999. Nokia will supply all the mobile switching centres for the Henan PTA network as well as home location registers and base station systems including base station controllers, base stations and a network management system. Additionally, to meet the increasing demand for wireless data services, the Henan PTA will deploy Nokia's Chinese Short Message Service Centre. Nokia will also provide Henan PTA with extensive customer services, including implementation, network productivity and customer training. As Mr Folke Ahlback, Senior Vice President, Nokia, Greater China explains, "Nokia has been the leading supplier to the Henan PTA network since 1995 and our GSM solution has consistently proven its strengths since then. Thanks to both the good quality of the Nokia network and the excellent relationship we have developed over the years with the Henan PTA, the GSM network growth will continue with Nokia during this fourth phase." In terms of population, Henan is the largest province in China. The average monthly growth of subscribers in the Henan PTA network is more than 30,000 with total subscribers numbering well over half a million. With Nokia's expansion, the Henan PTA network will provide capacity for more than 2 million subscribers. Nokia offers total GSM systems, with everything from digital mobile phones to transmission and switching as well as extensive services for building, efficiently operating and developing these networks. Having supplied GSM technology to 67 operators in 35 countries, Nokia ranks as the world's largest supplier of GSM 1800 networks and one of the two largest in GSM 900. Headquartered in Finland, Nokia is a broad-scope telecommunications company supplying mobile phones, mobile and fixed telecommunications networks, data communications solutions, multimedia terminals and computer monitors. With sales in 130 countries, net sales totaled FIM 52.6 billion ($9.8 billion) in 1997. Nokia employs more than 36,000 people world-wide.