Nokia Siemens scores a deal with China Mobile

Nokia Siemens Networks won a $864 million contract to design, build and maintain China Mobile's wireless network. The deal includes base stations and switches and will allow China Mobile to expand its network into key provinces and cities. Last month, Alcatel-Lucent's announced a  $1 billion deal with China Mobile   

The contract is a big win for Nokia Siemens as competition heats up in the infrastructure segment. Avian Securities analyst Matt Thornton says that despite this win for Nokia Siemens, Avian still expects a challenging environment for infrastructure manufacturers and forecasts flat growth in the near-term.

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