China Mobile spends big with NSN
By Ben Robinson on Wednesday, July 16th, 2008 at 4:44 AM PST In China Mobile, Infrastructure, Nokia
Nokia (NYSE: NOK) Siemens Networks (NSN) has said it won network infrastructure orders worth $865m from China Mobile (NYSE: CHL) in the first half of this year. Interestingly, this announcement comes not long after Alcaltel-Lucent (AlcaLu) announced a $1bn win from the same Operator!
Of course, the market for the infrastructure vendors now is quite hard, with falling prices, and reduced demand – and also in this case local entrants such as Huawei and ZTE. So when an OpCo as big as China Mobile tenders out, you can bet a fierce battle has ensued, and will continue to!
[Via: Reuters.com]
