Nokia Corp (ADR) (NYSE:NOK) And VimpelCom Ltd (ADR) (NASDAQ:VIP) Sign Five-Year Managed Services Contract For Management Of Fixed, Mobile And Transport Networks

Nokia Corp (ADR) (NYSE:NOK) and VimpelCom Ltd (ADR) (NASDAQ:VIP), a Russian communications and technology firm, have entered into a five year agreement that will see Nokia supply VimpelCom with managed services for its mobile, fixed and transport network operations

Nokia, which has been VimpelCom’s network service manager in Central Russia, will now expend the scoop of its services to managing the telco’s 2G, 3G and 4G networks.nokia will also offer equipment vendors, network management tools, processes as well as software automation. Nokia will carry out field maintenance work in the Central, North Caucasian and Southern and Southern regions of Russia including Moscow.

 Through consolidation and transformation of its network operations, VimpelCom stands to benefit from reduced operational and network complexity and decreased time to the market. The company will also be able to cut on its operating costs of operating multiple networks. VimpelCom will in turn improve the quality of over 58 million mobile plus 2.2 million fixed broadband customers in Russia.

Nokia will also supply full network optimization and planning services, offer project management and network implementation services as well as the ongoing support from its delivery hub in Voronezh, Russia. Nokia will use its extensive and understanding of end-to-end service delivery using several technologies and services providers to meet the specific network needs of VimpelCom and offer high quality performance of VimpelCom’s network.

VimpelCom Executive Vice President for Infrastructure Development, Martin Skop said his company’s partnership with Nokia will allow restructuring of VimpelCom’s business operations. He adds that the partnership will enable them improve on their financial performance, keep at par with upcoming global trends as well as enhance   technological innovations. Nokia’s smart managed services will also enable VimpelCom to streamline its operations for improved efficiency.

Nokia has a wide experience in innovation of technologies through extensive research of its Nokia Bell Labs. The company serves governments, communications service providers, large enterprises and consumers. The communication company offers industry’s full package of services, end-to-end products portfolio and licensing.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.

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