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

To: P2V who wrote (1336)	1/8/1999 5:48:00 AM
From: Mika Kukkanen	Read Replies (2) \| Respond to of 34857

Nokia to provide GSM expansion in China with USD 280 million contract Just when you thought it couldn't get better..... (January 8, 1999) - Beijing Nokia Mobile Telecommunications Ltd and Beijing Nokia Hang Xing Telecommunications Systems Ltd - two of Nokia's joint ventures in China - have signed an agreement valued at USD 280 million for a further expansion of the Henan PTA GSM network. With this expansion, the Henan PTA network will provide capacity for up to four million subscribers in one of the largest provinces in China. Nokia will supply GSM 1800 and GSM 900 equipment including its mobile switching centres, home location registers, base station controllers and base stations. Nokia will also supply customer services including installation, network planning, technical support and training. "In October 1998, Henan PTA celebrated a milestone figure of one million subscribers. This contract is a project for supporting subscriber development during 1999 and 2000," said Mr. Chu Junguo, Director, Henan PTA. "Nokia continues to be the main supplier to the Henan PTA network, in a successful partnership which began in 1995," says Folke Ahlbäck, Senior Vice President, Nokia, China. "With this agreement Henan PTA will be able to launch new services such as prepaid services and Chinese short message services during this year." With many technological innovations and industry firsts in China, Nokia is a leading supplier of mobile phones and network equipment to China's demanding telecommunications market. Nokia has seven production sites in China, as well as a global R&D unit and offices nationwide, employing a total of around 3,000 people. 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 78 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: Nokia Telecommunications Communications Department Tel. (Int.) + 358 9 5113 8193 Fax (Int.) + 358 9 5113 8199