Nokia and China Mobile today announced that they have signed a one-year frame agreement that is being valued at up to EUR 1 billion. This agreement will support the Chinese mobile operators to a future-oriented network infrastructure and provide seamless connectivity to more efficiently growing data traffic demand.
Nokia, Under the agreement, will provide China Mobile with end-to-end technology solutions to enable next-generation cloud and machine communications. It will also provide additional elements of its mobile radio access and core portfolio in addition to fixed access, IP routing and optical transport, customer experience management, as well as its services.
Both the companies will nor work together to bring out more products and services that will enable the operator to explore new opportunities in vertical markets. They have also signed a memorandum of understanding for research and testing of the artificial intelligence (AI) and machine-learning capabilities of next-generation networks.
The agreement was signed at the recent Sino-German Economic Forum by Li Huidi, Vice President of China Mobile, and Hans-Jürgen Bill, Executive Vice President and Chief Human Resources Officer of Nokia and also Chairman of the Board of Directors of Nokia Networks GmbH & Co KG in Germany.
Mike Wang, President of Nokia Shanghai Bell, said:
This is a highly significant agreement with our longstanding partner that consolidates Nokia’s position as a leading provider of next-generation technologies and services in China. We are committed to delivering industry-leading, end-to-end capabilities that will allow operators to dramatically increase performance, which will introduce new possibilities for networks of the future.