Advertisement
Canada markets closed
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7323
    -0.0000 (-0.01%)
     
  • CRUDE OIL

    83.82
    +0.25 (+0.30%)
     
  • Bitcoin CAD

    87,971.90
    -8.09 (-0.01%)
     
  • CMC Crypto 200

    1,391.28
    +8.70 (+0.63%)
     
  • GOLD FUTURES

    2,345.10
    +2.60 (+0.11%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,783.75
    +216.25 (+1.23%)
     
  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     
  • FTSE

    8,078.86
    +38.48 (+0.48%)
     
  • NIKKEI 225

    37,780.35
    +151.87 (+0.40%)
     
  • CAD/EUR

    0.6827
    +0.0006 (+0.09%)
     

Nokia Expands Its Foothold in China

Nokia Expands Its Foothold in China

Nokia (NOK) has recently signed 5G-related (fifth-generation) contracts worth ~$2.3 billion with China Mobile (CHL), China Unicom (CHU), and China Telecom. The contracts call for Nokia to supply equipment and provide services to help these operators improve their network speed, capacity, and reliability as they prepare for the rollout of 5G services. For China Mobile in particular, the latest contract marks an expansion of its relationship with Nokia.