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Nokia Makes $2B Deal With China Postel

Date: 3/7/2008 2:01:53 PM

Nokia Corp. on Friday announced a deal to sell handsets worth $2 billion to China Postel during 2008, the companys largest market.

The worlds top mobile phone maker said the deal includes the development of technological infrastructure and marketing with China Postel, with which it has worked since 1998.

China Postel, a subsidiary of China P&T Appliances, has a market share of 30 percent in that country.

Last year, Nokia sold more than 70 million mobile devices in China, an increase of 39 percent on 2006.

Nokia, based in Espoo, sells in 130 countries and employs some 130,000 people worldwide.

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Source: http://www.forbes.com/fdc/welcome_mjx.shtml


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