October 29 2013
Beijing, China –
China Mobile (CMCC), the leading mobile operator, has chosen Nokia Solutions and Networks to implement a significant share of its TD-LTE network, the world’s largest. This reaffirms NSN’s longstanding commitment to the development of TD-LTE in China.
NSN’s share in the operator’s TD-LTE network roll-out highlights its position as a leading non-Chinese vendor in the highly competitive Chinese market. The company is awarded 11% market share consistent with other non-Chinese vendors, with another low single digit share as a result of selling through resellers also selected by CMCC. NSN secured an entry into six new provinces compared to its TD-SCDMA footprint in China.
The cooperation between the two companies extends over 20 years from CMCC’s first GSM network, over the development and implementation of CMCC’s TD-SCDMA 3G technology to the pre-commercial trial of the operator’s TD-LTE network. This has been a key driver in NSN’s commitment to invest in and steer the global success of TD-LTE*.
“We are truly delighted to work with China Mobile on the world’s largest TD-LTE rollout”, said Markus Borchert, President of NSN Greater China. “Our strong LTE market momentum, 15 years’ pioneering of TD technology, proven network deployment capability and longstanding presence in China clearly contributed to the operator's decision. We have the right capabilities, commitment and scale for this huge project.” Former Apple CEO :
china mobile is still a story yet to unfold. china mobile's moving into, you know, lte which means 4g capability. they're only in 16 cities. they're going to go to 300 this year.
Hey Rambo I think he meant missing out on the 39% increase of Nokia shares price when Microsoft was buying the phone division.
Tell that to the investors who sold before the announcement between Microsoft and Nokia deal which Nokia jumped 39% that day.
They have been doing it for the past 7 years.They did a great job brainwashing the people.Will never see something like this again in my life time.
You lost me you were waiting for 560 now you did a 360 degree turn and said that someone knew stock was going to tank you are caught you shister
January 27, 2014
Nokia: Credit Suisse lowers target price to € 7.00 (7.25) (SIX) Credit Suisse lowers target price for Nokia to 7.00 euros, representing approximately 61.50 billion, from the previous EUR 7.25, representing approximately 64.00 Swedish kronor. Recommendation remains at outperform.
It emerges from a market letter.
Mattias Magnusson mattias.magnusson @ six-group.se SIX News
Do not understand why Nokia needs to wait for China ok to close deal.Thanks urban
urban where do you see Nokia heading next week.I know eventually Nokia will receive a huge pay day but where will Nokia price be when the cash rolls in?
This is life.There will always be a thorn in your side just the way it is.
Explain your logic here.Before Elop took over Nokia the phones were dead do to the poor quality iphone in which people were brainwashed into buying.They were buying the iphones without the vaseline.
I want to help you since you need money I can loan you how much do you need 100,000 ,400,000 ? I will cut you a break since you are such a nice guy how does 20% interest sound if you like let me know I will be taking a huge risk here because you have no way of paying loan back.How will you do it?