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China Putian and Nokia entered into a joint venture for 3G.(WIRELESS)
China Putian and Nokia entered into a joint venture to concentrate on sales, production and R&D of 3G networks for W-CDMA and TD-SCDMA technologies and supply 3G solutions and products to the clients. This venture will strengthen the ten-year-old partnership between the two companies. Their office will be situated in Wuhan (Capital of Hubei Province in China). The total amount invested in the venture is $107 million, of which Nokia holds 49 percent and Putian owns 51 percent. China Putian's Potevio brand will ...
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Source: HighBeam Research, China Putian and Nokia entered into a joint venture for 3G.(WIRELESS)