Nokia signs framework deal with China Mobile

Q.  Nokia has signed a US $ 1.5 billion one year framework deal with which company?
- Published on 14 Jun 16

a. Baidu
b. Xaomi
c. China Mobile
d. Redmi

ANSWER: China Mobile
 
Nokia has signed a 1.36 billion euro one year framework deal with China Mobile according to the Finnish company.
  • This eased fears it would lose market shares while merging with Alcatel Lucent.
  • Nokia’s network equipment sales fell more than expected in the first quarter as buyers were held off due to Alcatel integration process.
  • 4G LTE will be the fastest deployed technology in India released by Nokia.
  • Nokia brought Alcatel-Lucent in an all share deal worth 15.6 billion euros.
  • Deal has helped it to compete with Sweden’s Ericsson and China’s Huawei in both fixed and mobile network equipment.
  • Company is expected to cut 10,000 to 15,000 jobs on an international scale or 14 percent of its workforce.

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