Nokia to expand its presence in China
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Nokia has announced plans to establish a dedicated unit to help major Chinese internet companies expand overseas.
The new unit will focus on areas including data centers, cloud computing, IP routing, transport and services, as well as emerging technologies such as AI, machine learning and edge cloud.
Nokia is taking the initiative as part of its efforts to expand its business beyond its core telecoms operator market, and to further augment its Chinese presence following the launch of the Nokia Shanghai Bell joint venture in China (formerly Alcatel-Lucent Shanghai Bell).
Nokia separately announced it has completed the acquisition of telecoms software company Comptel. The acquisition was first announced in February and had a price tag of around €347 million ($396.8 million).
The acquisition bolsters Nokia’s software portfolio by adding capabilities designed to help digital service providers bring new services to master faster and improve operational efficiency.
Comptel’s suite of software will be added to Nokia’s OSS and BSS, analytics, security and cloud technology to provide a comprehensive suite of telecoms software designed to allow customers to deliver better digital experiences and operations in a cloud environment.
Questions & Answers
Q.What is the primary goal of Nokia's new dedicated unit in China?
What is the primary goal of Nokia's new dedicated unit in China?
The new unit aims to help major Chinese internet companies expand their operations overseas. It will focus on critical areas like data centres, cloud computing, IP routing, and emerging technologies such as AI and machine learning.
Q.Why is Nokia establishing this new unit in China?
Why is Nokia establishing this new unit in China?
This initiative is part of Nokia's broader strategy to expand its business beyond its traditional telecoms operator market. It also serves to further strengthen Nokia's presence in China, building on its existing joint venture.
Q.How will the acquisition of Comptel benefit Nokia's software offerings?
How will the acquisition of Comptel benefit Nokia's software offerings?
Comptel's software will be integrated into Nokia's existing OSS and BSS, analytics, security, and cloud technology portfolios. This integration aims to create a comprehensive suite of telecoms software for improved digital services and operations in the cloud.
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