Nokia Wins Taiwan Mobile 5G Contract Worth $450 Million
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.
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.
Nokia, along with Nordic rival Ericsson, has picked up most of the 5G contracts in Taiwan.
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.
Huawei, ZTE and Ericsson got all the 5G radio contracts from the three top vendors in China.
Jamie Lin, President at Taiwan Mobile said, “We are pleased to join forces with Nokia again in the 5G era. After the successful launch of 5G, both sides will continue to advance deployment and provide the best coverage and connectivity experiences in the market. More importantly, the two companies will work together to promote our “Super 5G Strategy,” which integrates multiple vertical applications including smart e-commerce, smart stadium, smart healthcare and smart manufacturing. This approach is designed to build a thriving ecosystem that will create new possibilities for every user and enterprise in the 5G era!”
Tommi Uitto, President of Mobile Networks at Nokia, said, “We have enjoyed a long-standing partnership with Taiwan Mobile, supporting them in the delivery of 2G, 3G, 4G networks and we look forward to continuing this in the 5G era as their sole supplier. Our end-to-end portfolio, global reach and commitment to a more sustainable world will help Taiwan Mobile execute its ambitious 5G strategy and plans for a fast roll-out.”
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