Nokia Siemens Networks in €550 mln China Mobile deal

China Mobile Communications Corporation has entered into a frame agreement with Nokia Siemens Networks for its network expansion project. Under the contract Nokia Siemens Networks will design, build, maintain and optimize the radio and core network for China Mobile in key provinces and cities across China.
The solution supplied by Nokia Siemens Networks will help China Mobile increase its network capacity and improve customer experience, while controlling capital and operating expenditure. The contract is valued at EUR 550 mln.
Zhang Zhiqiang, Head of Nokia Siemens Networks Greater China Region said: “Our solution is future proof since it allows a smooth migration to IP networks and is energy efficient; making it the right choice for China Mobile.”
A tailored and optimized network design will help China Mobile to minimize the required network capital expenditure (CAPEX), gain a roadmap for network evolution and achieve full potential of the product for the best possible network performance. This will enhance operations and processes as well as China Mobile’s competitiveness.
China Mobile Communications Corporation fully holds the equity of China Mobile (HK) Group Limited. China Mobile set wholly-owned subsidiaries in 31 provinces in China and went public in Hong Kong and New York Stock Exchanges. Currently, in terms of its market value, it is the largest among all the overseas listed Chinese companies and among all the telecom carriers in Asia.