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Nokia, China Postel deal energises Chinese mobile market

Posted: 18 May 2007     Print Version  Bookmark and Share

Keywords:mobile handsets  telecommunications  Chinese mobile phone market 

Nokia has signed an agreement with China Postel Mobile Communication Equipment to deepen strategic ties, particularly on network channel development, as they both make bilateral resource investments. Under the partnership, the China company will purchase mobile devices worth Rs.10,567.45 crore ($2.5 billion) from Nokia.

"I believe that our partnership will continue to bring new energy to the Chinese mobile phone market," commented David Tang, VP of Nokia.

Tan Xinhui, president of China Postel, said, "Over the past few years, we have been pursuing new ways of working with operators, mobile phone manufacturers, and consumers in order to enhance our competitiveness. We hope to have a fundamental role in the development of the Chinese mobile phone market."

As a subsidiary company of China P&T Appliances, China Postel has become a provider of mobile phones and is actively involved in China's telecom service industry. With a comprehensive distribution network for both products and services, China Postel has a market share of over 30 per cent in 2006. Since the collaboration between Nokia and China Postel began in 1998, China Postel has distributed over Rs.156.40 crore (37 million) Nokia mobile phones across China.

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