TELETRADER News
7/19, 4:06 PM (Source: TeleTrader)
more TeleTrader news

Nokia secures first 5G radio contract in China

Nokia Corp. secured on Monday the company's first 5G radio contract on the Chinese market, according to a document published by China Mobile.

The Finnish telecommunications obtained a 10% share in one of in total three contracts, followed by Swedish Ericsson which got 9.6%. The majority share in all three contracts was won by Chinese tech giants Huawei Technologies Co. and ZTE Corp.

Winners of the second phase of the 5G contracts are expected to be announced by China Telecom and China Unicom soon.

Breaking the News / ND