Nokia and China Postel deepen strategic ties

(PresseBox) ( Helsinki, )
Today, Nokia and China Postel Mobile Communication Equipment Co., Ltd. (China Postel) of China P&T Appliances, signed a memorandum of cooperation in a move which deepens an existing and long-standing partnership. This agreement between the world's largest mobile phone manufacturer and China's largest mobile phone distributor is expected to bring new energy to the Chinese mobile phone market.

Under the memorandum, Nokia and China Postel will expand their cooperation in the fields of mobile terminal sales, distribution network development, and overall resource sharing. Both parties have agreed to work closely to set up sales channels for operators' low end products. It is expected that China Postel will purchase roughly RMB 15 billion (approximately EUR 1.5 billion) worth of mobile terminals from Nokia for the full year 2006.

Mr. Colin Giles, Senior Vice President of Customer and Market Operations for Nokia China, expressed his confidence in the arrangement, saying, "We have a long history with China Postel and our partnership has only grown stronger over time. China Postel plays an important role in our success, especially with regard to our expansion into rural communities in China."

Mr. Tan Xinhui, the President of China Postel, said, "Competition in the Chinese mobile industry is intensifying all the time. We have been pursuing new ways of working with mobile phone manufacturers in order to bring consumers more complete communication solutions. This is a new milestone for us and a benchmark for both of our companies."
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