Finnish telecoms equipment maker Nokia Oyj said on Monday it has won a 5G contract worth about 400 million euros ($449.48 million) from Taiwan Mobile to build out the telecom operator's next-generation network as the sole supplier.
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo
- Finnish telecoms equipment maker Nokia Oyj said on Monday it has won a 5G contract worth about 400 million euros from Taiwan Mobile to build out the telecom operator’s next-generation network as the sole supplier. A supplier to Taiwan Mobile’s earlier networks, Nokia will prepare for the deployment this month and complete the migration to 5G standalone within a three-year period.While Nokia also won 5G contracts from Taiwan Star and Chunghwa Telecom, Ericsson picked up the deal with Far Eas Tone and a part of the contract from Chunghwa.
To offset hurdles faced last year, the Finnish telecom operator has been scripting a turnaround by diversifying its chipset supply and grabbing 5G deals. Earlier this month, Nokia picked up 5G contracts from Canada’s Bell Canada and Telus Corp, along with an order from a Singapore telecom operator. However, Nokia did not win any 5G radio contracts from Chinese telecom companies - China Mobile, China Unicom and China Telecom - in recent bidding rounds, excluding a part of China Unicom’s 5G core network contract.Reporting by Supantha Mukherjee in Bengaluru, Editing by Sherry Jacob-Phillips
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