Nordic Business Report-September 12, 2006-Nokia signs memorandum of cooperation with China Postel
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Finnish telecomms solutions provider Nokia said on Tuesday (12 September) that it had signed a memorandum of cooperation with China Postel Mobile Communication Equipment Co Ltd (China Postel) of China P&T Appliances to deepen an existing partnership.
Under the memorandum Nokia and China Postel will expand their cooperation in the fields of mobile terminal sales, distribution network development and overall resource sharing.
According to Nokia the agreement is expected to bring new energy to the Chinese mobile phone market.
It is expected that China Postel will purchase some EUR1.5bn worth of mobile terminals from Nokia for the full year 2006.
One euro (EUR) is worth approximately 0.67 British pounds (GBP).
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