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Are China and Nokia, like, totally BFF?

Cyrus Farivar
September 18, 2006
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Usually when companies do business with foreign countries it doesn't make international headlines, but when you're Nokia and you just did business with the world's largest rising nation (China), you can bet that everyone will sit up and take notice. Nokia just announced that it's inked two major deals with China Mobile and Chinese national mobile phone distributor PTAC for a combined total of €2 billion ($2.53 billion). According to the Agence France Presse, Nokia will sell "GSM / GPRS infrastructure" to China Mobile at a price of €580 million, and that company will also sell "mobile devices" to PTAC for €1.5 billion. Those kinds of figures not only draw attention from the media, but also from the leaders of those respective countries -- indeed, Chinese Prime Minister Wen Jiabao and Finnish Prime Minister Matti Vanhanen were in attendence. No word on whether Vanhanen presented the Chinese leader with an iced-out Sidekick, though.

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