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NEW DELHI: Nokia and China Huaxin Post & Telecommunication Economy Development Center (China Huaxin) today signed the definitive agreements of the proposed integration of Alcatel-Lucent Shanghai Bell Co. Ltd. (ASB) and Nokia's China business.
The new joint venture will be branded as Nokia Shanghai Bell (NSB).
As a result of today's announcement, the joint venture will become Nokia's exclusive platform in China for the continued development of new technologies in areas like IP routing, optical, fixed and next-generation 5G; and with the support of Nokia, NSB will continue to look for opportunities in select overseas markets.
ASB and Nokia's China business have been effectively operating as one entity since January 2016 when an interim operational agreement was signed.
The closing of today's agreement, targeted...