The world's largest mobile phone maker Nokia said on Thursday it had won handset deals with distributors in China worth over $2 billion. A spokesman said one agreement was with China PTAC, worth over $1 billion, and the other was with Telling Telecommunication Holding Co Ltd, also worth over $1 billion. Nokia usually announces such deals in China once a year.
The value of the agreement with PTAC fell for the third straight year, and was down sharply versus the 2009 figure of $1.76 billion. China was Nokia's third largest sales area in 2009 with revenues of 6.4 billion euros ($8.6 billion), flat year-on-year. Nokia shares traded up 1.8 percent at 11.74 euros at 1333 GMT, keeping pace with a firmer Dow Jones Stoxx Technology index.