Nokia wins €1.3bn handset deal in China

Nokia announced a deal to sell handsets worth a total of €1.3 billion/US$2 billion to China Postel during 2008, the company's largest market, an Associated Press report said.

Nokia said the deal includes the development of technological infrastructure and marketing with China Postel, a customer since 1998. China Postel, a subsidiary of China P&T Appliances, has a market share of 30% in that country.

Last year, Nokia sold more than 70 million mobile devices in China, an increase of 39 % on 2006.