(Yicai Global) Nov. 9 -- China's three biggest mobile operators will order equipment from Finnish telecom firm Nokia to fuel their development of the fifth-generation wireless network.
China Mobile, China Telecom and China Unicom have penned separate agreements with Nokia at the ongoing China International Import Expo in Shanghai, the Espoo-based firm said in a statement yesterday. The deals amount to EUR2 billion (USD2.3 billion) in total.
In 2015, China's government laid out its 'Made in China 2025' policy roadmap, which includes that the country aims to become the first in creating a solid 5G network that essentially is a landscape for the Internet of Things, including connected vehicles.
The equipment in Nokia's deal includes fixed radio access systems, IP routing and optical transport networks, software-defined networking and network functions virtualization tech, as well as related services. Deliveries will span to the end of next year.
The cooperation aims to enhance mobile and fixed network speeds, capacity and reliability, the statement added.
"We are excited to continue our close collaboration with these important customers in China, to drive new levels of network performance as they transition toward 5G," said Mike Wang, president of Nokia Shanghai Bell.
The China International Import Expo is being held at the National Convention & Exhibition Center in Shanghai till Nov. 10, and the eastern megacity expects over 3,600 firms to participate from over 170 countries.
Editor: Emmi Laine