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Nokia Corporation Message Board

  • pakaushik pakaushik Mar 25, 2013 12:11 PM Flag

    NOK is #1 for CHINA MOBILE

    In the telecom sector, state-owned China Mobile Ltd. (ADR) (NYSE:CHL) is the world’s largest mobile phone operator by subscribers, with about 700 million customers. It’s not just the large client base that is impressive, but also the way it is run, assuring share holders that their investment is in good hands.

    The Chinese market became a stronghold for Finnish phone manufacturer Nokia Corporation (ADR) (NYSE:NOK) after China Mobile Ltd. (ADR) (NYSE:CHL) activated 2 million units of the Nokia Lumia phone. Nokia is also releasing the Lumia 520 and 720 models in China sometime in Q2. Both models run on the Microsoft Windows 8 platform.

    It works to China Mobile Ltd. (ADR) (NYSE:CHL)'s benefit that the state-owned company is directly controlled by the People’s Republic of China. The company has controlled 70% of the domestic market since its inception in 1997, leaving the remaining 20% to China Unicom and 10% to China Telecom.

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