Electronic enthusiasts eight o'clock: On the 18th, Nokia and China Huaxin Post and Telecommunications Economic Development Center (hereinafter referred to as "China Huaxin") formally signed a joint venture agreement, the two sides agreed to integrate Nokia's business in China with Shanghai Bell Co., Ltd. .
According to the agreement, the newly established joint venture company, Nokia Bell Co., Ltd., will become Nokia's main operating platform in China, developing innovative technologies including IP network, optical network, fixed network and next-generation 5G network, with the support of Nokia. Continue to explore overseas market operations.
It is understood that the joint venture agreement is scheduled to be completed in July 2017, but the final date will depend on the approval process of the relevant government agency. The new joint venture is named Shanghai Nokia Bell Co., Ltd. Nokia will hold 50%+1 shares in the new company, while China Huaxin holds the remaining shares. At the same time, the new company will set up a board of directors and a management team.
At present, there are more than 10,000 R&D personnel among 16,000 employees in the company, which are distributed in 6 R&D centers in China. The focus will be on 5G, IoT and cloud.
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