Nokia wins Taiwan Mobile 5G contract worth $450 mln

Chunghwa Telecom Co

29/06/2020 08:00

By Supantha Mukherjee
    June 29 (Reuters) - Finnish telecoms equipment maker Nokia
Oyj  NOKIA.HE  said on Monday it has won a 5G contract worth
about 400 million euros ($449.48 million) from Taiwan Mobile
 3045.TW  to build out the telecom operator's next-generation
network as the sole supplier.
    A supplier to Taiwan Mobile's earlier networks, Nokia will
prepare for the deployment this month and complete the migration
to 5G standalone within a three-year period.    
    Nokia, along with Nordic rival Ericsson  ERICb.ST , has
picked up most of the 5G contracts in Taiwan.
    While Nokia also won 5G contracts from Taiwan Star https://www.nokia.com/about-us/news/releases/2020/05/18/nokia-selected-by-taiwan-star-telecom-as-5g-network-provider
 and Chunghwa https://www.nokia.com/about-us/news/releases/2020/03/18/nokia-secures-5g-contract-with-chunghwa-telecom
 Telecom  2412.TW , Ericsson picked up the deal with Far Eas
Tone https://www.ericsson.com/en/press-releases/2020/3/far-eastone-selects-ericsson-for-5g#:~:text=Ericsson%20(NASDAQ%3A%20ERIC)%20has,Access%20Network%20(RAN)%20vendor.&text=FET%20expects%20the%20first%20commercial,during%20summer%202020%20in%20Taiwan
 and a part of the contract from Chunghwa.
    To offset hurdles faced last year, the Finnish telecom
operator has been scripting a turnaround by diversifying its
chipset supply and grabbing 5G deals. Earlier this month, Nokia
picked up 5G contracts from Canada's Bell Canada  BCE.TO  and
Telus Corp  T.TO , along with an order from a Singapore telecom
operator.  urn:newsml:reuters.com:*:nL4N2E12M5
    However, Nokia did not win any 5G radio contracts from
Chinese telecom companies - China Mobile, China Unicom and China
Telecom - in recent bidding rounds, excluding a part of China
Unicom's 5G core network contract.  urn:newsml:reuters.com:*:nL8N2DS1TG
    Huawei  HWT.UL , ZTE  000063.SZ  and Ericsson got all the 5G
radio contracts from the three top vendors in China.
    
    ($1 = 0.8899 euros)

 (Reporting by Supantha Mukherjee in Bengaluru, Editing by
Sherry Jacob-Phillips)
 ((supantha.mukherjee@thomsonreuters.com; within U.S.+1 646 223
8780, outside U.S. +91 80 61822718; Reuters Messaging:
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