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Nokia dials up $2.5B in China deals
Mobile phone company inks infrastructure supply contract with China Mobile, signs handset purchase agreement with China Postel.
September 12 2006: 8:32 AM EDT

HELSINKI (Reuters) -- Mobile phone giant Nokia said Tuesday it has signed network and handset deals with Chinese customers that will be worth more than €2 billion ($2.55 billion) this year.

The Finnish company said it has won a €580 million order to supply infrastructure equipment to China Mobile to expand its mobile network this year.

It said deliveries have already started under terms of the contract, which includes radio and core network equipment, as well as infrastructure services.

"The network expansion order is quite significant," Opstock analyst Hannu Rauhala said.

Nokia also signed a memorandum of cooperation with China Postel (PTAC) to boost handset sales, under terms of which the Chinese national mobile pho