Tuesday, April 1, 2003
Nokia said Monday it will start making its own brand-name phones in China and strengthen its presence in the world's most populated country.
The Finnish firm said it has already begun to merge its four Chinese manufacturing joint ventures, which make locally branded phones and network equipment, into a single Beijing-based company.
Nokia will hold a 60 percent stake in the as-yet-unnamed company. The local stake-holders will be Beijing Capitel Co. Ltd., Dongguan Nan Xin Industrial Development Co., Shanghai Alliance Investment Ltd. and the Beijing Hangxing Machinery Manufacturing Corp.
Nokia said it expects to begin making phones in China during the second half of 2003 that use CDMA, or "code division multiple access," the dominant standard in North America and South Korea.
China Unicom, the country's second-biggest cellular operator, supports both the CDMA standard and its major rival GSM, or "global system for mobile communications." The company signed up 7 million CDMA users in 2002 and expects to add another 13 million this year.
By: DocMemory
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