Nokia Signs $1.2 Billion Deal With China Mobile
Nokia Signs $1.2 Billion Deal With China Mobile. FortuneJuly 11, 2018, 2:03 PM GMT. Finland's Nokia will supply the biggest mobile-phone company by subscribers globally with products and services covering wireless and fixed networks, IP routing and other areas under the one-year deal, the companies said in a statement on Tuesday. The latest announcement, signed at a recent Chinese-German economic forum, has echoes of previous framework agreements between the two companies in 2014 and 2015, as well as a 2016 deal for 1.36 billion euros worth of equipment and services. Nokia has also signed a memorandum of understanding with China Mobile for research and testing of artificial intelligence and machine learning and said the companies would collaborate to find customers in new segments.