The Finnish company might be remembered for retro firms, but has now diversified significantly. Photo credit – Pixabay
$1 billion China deal for Nokia
China Mobile has agreed a new $1 billion contract with Nokia.
Under the terms of the deal, Nokia will provide network systems as part of China Mobile’s development.
Analysts have suggested that this suggests a significant role for Nokia as the network prepares to launch 5G services in the future.
The Finnish firm has also just signed a lucrative deal with Openreach (a company that provides telecommunications infrastructure in the UK) to provide a new fibre network to several million homes.
It isn’t just in network technologies that China is helping to boost Nokia.
In 2017, internet giant JD.com and Nokia agreed a partnership, under which the Nokia 6 was to be sold exclusively in China.
The Nokia 6 was the first Android phone to be manufactured under the famous Finnish brand name, which had previously relied on its own software, before launching a series of Windows powered devices.
However, the device isn’t actually be made by Nokia – but instead by HMD Global, who have licensed the rights from Nokia’s owners, Microsoft.