/ 7 March 2008

Nokia in €2bn deal with China Postel

Nokia on Friday announced a deal to sell handsets worth a total â,¬2-billion to China Postel during 2008, in the company’s largest market.

The world’s number one cellphone maker said the deal includes the development of technological infrastructure and marketing with China Postel, with which it has worked since 1998.

China Postel, a subsidiary of China P&T Appliances, has a market share of 30% in that country.

Last year, Nokia sold more than 70-million mobile devices in China, an increase of 39% on 2006.

Nokia, based in Espoo, Finland, has sales in 130 countries. It employs about 130 000 people worldwide. — Sapa-AP