Nokia and China Putian to set up 3G joint venture

October 13, 2005

Nokia and China Putian today signed an agreement to set up a joint venture to focus on R&D, manufacturing and sales of 3G network solutions for TD-SCDMA and WCDMA technologies. Through this joint venture the two companies will provide 3G products and solutions to their customers.

The joint venture will be located in Wuhan, the capital city of China's Hubei Province. It will focus on network solutions for the 3G standards TD-SCDMA and WCDMA, as well as providing network construction and optimization services.

The total investment in the joint venture is 900 million RMB (approximately 90 million euros). China Putian and Nokia will have 51% and 49% shares respectively in the joint venture. Products of the joint venture will be marketed under the Potevio brand held by China Putian. The joint venture will launch TD-SCDMA and WCDMA systems in 2006. Nokia will continue to sell WCDMA systems under its own brand both globally and in China.

China Putian and Nokia have cooperated in GSM technology for over ten years. The new joint venture will further strengthen this partnership and enhance both companies' capabilities to provide services and solutions to their customers.

"China Putian has actively participated in the R&D and industrialization of TD-SCDMA technology and was among the first companies to pass the TD-SCDMA field trials, organized by the Chinese Ministry of Information Industry, with excellent performance", said Xing Wei, Chairman and CEO of China Putian. She continued, "We are happy to extend our cooperation with Nokia, which has such strong competence in WCDMA, and are confident that the new joint venture will be successful".

"The widened cooperation between China Putian and Nokia will contribute greatly to the 3G industry development in China. It shows Nokia's concrete commitment to TD-SCDMA technology", said Simon Beresford-Wylie, Executive Vice President and General Manager, Networks, Nokia.

Source: Nokia

Explore further: Alibaba joins China arms maker to offer location services

Related Stories

Singapore's UOB, Temasek to offer $500 mn for Asia start-ups

July 21, 2015

Singapore's United Overseas Bank (UOB) said Tuesday it will partner with state-linked investment firm Temasek Holdings to provide up to $500 million in venture debt financing to start-ups in China, India and Southeast Asia.

The race for better batteries

June 15, 2015

"The worldwide transition from fossil fuels to renewable sources of energy is under way…" according to the Earth Policy Institute's new book, The Great Transition.

Japan has floating solar power plants in Hyogo Prefecture

April 24, 2015

Kyocera is in the news this month. Two floating solar power plants in two reservoirs in Kato City, Hyogo Prefecture, Japan, are complete. This is a joint venture. The two players are Kyocera and Century Tokyo Leasing, which ...

Google 'applying for China mapping licence'

June 14, 2011

Google and its joint venture partner in China have applied for a licence to operate an online mapping service in the world's biggest web market, a news report said on Tuesday.

China's Lenovo, NEC form PC joint venture in Japan

January 27, 2011

Japanese and Chinese electronics firms NEC Corp. and Lenovo Group on Thursday announced they will form a personal computer joint venture in Japan, as they take on global giants such as Hewlett-Packard.

Recommended for you

Interactive tool lifts veil on the cost of nuclear energy

August 24, 2015

Despite the ever-changing landscape of energy economics, subject to the influence of new technologies and geopolitics, a new tool promises to root discussions about the cost of nuclear energy in hard evidence rather than ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.