Nokia joins Chinese firm in telephony venture
An AFP newswire article, via Yahoo! News, reports that:
Global mobile telephone market leader Nokia said it had agreed to form a third-generation telephony joint venture with China Putian.
The firm would be based in Wuhan, the capital of China's Hubei province, it said Thursday.
Total investment in the joint venture amounted to 90 million euros (108 million dollars), the firm said. China Putian would hold 51 percent in the venture, with Nokia taking the remainder.
The venture is to focus on research and development and the manufacturing and sale of third-generation network solutions with the first rollout expected next year.
posted by Fergie @ 10/13/2005 06:01:00 AM
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