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Now the press release talks about euros but I think in dollars. For the UK folks this is 214 Million Pounds. It’s just currency semantics.
Nokia has won a major GSM/GPRS/EDGE network expansion contract from leading Russian operator MegaFon that will see it deliver both radio and core equipment as well as a range of services, helping MegaFon deliver advanced mobile solutions to its fast-growing subscriber base. The value of the agreement is over EUR 320 million, and equipment deliveries have already begun.
"The Russian mobile communications market is no longer driven by price competition but instead network quality. Mobile leadership will be taken by those who now take measures to create a solid foundation for maintaining high quality of services. Our cooperation with Nokia means that MegaFon prepares for the future and takes the required steps towards network development," said Sergey Soldatenkov, CEO, OAO MegaFon.
"The Russian market is extremely important for Nokia and we are pleased to extend our strategic cooperation with MegaFon, one of the leading players in this rapidly growing mobile arena," said Jonathan Sparrow, General Director, Networks, Nokia, Russia. "A further demonstration of our commitment to the Russian market is the increased service support capabilities in the regions where we work with MegaFon."
Source: Nokia PR
Congratulations Nokia! I would’ve thought that the Russian mobile industry be mature by now. Apparently it isn’t, but I’m glad Nokia is helping them modernize.
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
