Nokia: China joint venture officially starts.
(CercleFinance.com) - Nokia and industrial investment company China Huaxin have closed their transaction for the creation of the Nokia Shanghai Bell, which marks the official start of the joint venture's operations.
The new company brings together Alcatel-Lucent Shanghai Bell Ltd. (ASB) and Nokia's China business, which have been effectively operating as one entity since January 2016 when an interim operational agreement was signed.
A definitive agreement for integration was signed in May.
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The new company brings together Alcatel-Lucent Shanghai Bell Ltd. (ASB) and Nokia's China business, which have been effectively operating as one entity since January 2016 when an interim operational agreement was signed.
A definitive agreement for integration was signed in May.
Copyright (c) 2017 CercleFinance.com. All rights reserved.