Nokia signs $2 bn deal with Chinese group

March 7th, 2008 - 8:44 pm ICT by admin  

DPA
Helsinki, March 7 (DPA) Finland-based Nokia, the world’s largest mobile phone maker, said Friday it has signed a sales and cooperation deal with China’s leading mobile phone distributor worth $2 billion. According to Nokia, China Postel is to buy handsets worth the amount during 2008, and the two companies would also cooperate on investments and marketing.

China Postel, a subsidiary of China P and T Appliances, currently has about 30 per cent of the Chinese mobile phone market.
DPA

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