Nokia Oyj (ADR) (NYSE:NOK) and China Huaxin Post & Telecommunication Economy Development Center (“China Huaxin”) are some of the top newsmakers today after they agreed to the signing into a definitive agreement in regards to Nokia’s China business and the proposed integration of Alcatel-Lucent Shanghai Bell Co. Ltd. (ASB).
According to some of the top trusted sources, the newest joint will go by the brand name Nokia Shanghai Bell (NSB) and it as a matter of fact goes without saying that this is indeed quite a progressive move that will see the two top providers generate high revenues as well as sharpen their competitive edge at a period when business competition has grown quite wild globally.
As a top provider, it is always important to catch up with the latest in terms of trends may they be technological advancements or better business strategies. According to one of Nokia’s top executives, Nokia has had to face up to numerous challenges after starting off as one of the leading phone providers globally.
As a matter of fact that change after encountering some challenges but that did not mark the end to the company’s dreams. The most recent move is a great one and it is exciting to see the company which almost went to ruins some years back swing back to equilibrium and start making positive news, just like in the news aired today.
While speaking to a number of top news reporters, one of the company’s top officials went ahead to reveal that the joint venture would as a matter of fact become Nokia’s exclusive platform in China and one thing that is for sure is the fact that it will oversee continued development in terms of the latest in technology in areas such as IP routing, fixed and next-generation 5G and optical.
NSB is looking forward to indulge Nokia so that it in a major way provides the much needed support that will of course help it continue with the search for opportunities in the select overseas markets.
The agreement is subject to a number of customary, legal, administrative, regulatory and a wide range of other conditions. However, what matters the moist is that the providers be able to achieve their set goals in due time.