Nokia Networks and China Mobile sign $1 billion deal
Nokia Networks has signed a contract worth over $1 billion with China Mobile to supply mobile broadband equipment, services and TD-LTE kit.
Under the agreement, Nokia Networks will provide its TD-LTE-advanced technology as well as 2G/3G/4G core network services, including VoLTE. Its software and professional services, including network planning, implementation and care, will support China Mobile’s 4G network rollout during 2015 and beyond.
China Mobile plans to deploy one million TD-LTE base stations by the end of 2015 for its TD LTE network.
"This major agreement with China Mobile marks another milestone in our more than 20 years of partnership in the area of telecommunications. Our agreement will further accelerate TD-LTE development in China and around the world. In addition, we are also helping China Mobile to support and promote the use of innovative IoT applications for areas as diverse as healthcare and connected cars," said Mike Wang, president of greater China at Nokia Networks.
In addition, Nokia’s network infrastructure capabilities and technical expertise will enable China Mobile to drive the evolution of the country’s internet of things ecosystem y offering connectivity for healthcare, connected cars and other IoT applications.
Both companies have also signed a memorandum of understanding on their cooperation in the evolution and development of 5G.