Nokia says wins China deals worth over $2 billion
HELSINKI (Reuters) - The world's largest mobile phone maker Nokia (NOK1V.HE) said on Thursday it had won handset deals with distributors in China worth over $2 billion.
A spokesman said one agreement was with China PTAC, worth over $1 billion, and the other was with Telling Telecommunication Holding Co. Ltd., also worth over $1 billion.
Nokia usually announces such deals in China once a year. The value of the agreement with PTAC fell for the third straight year, and was down sharply versus the 2009 figure of $1.76 billion.
China was Nokia's third largest sales area in 2009 with revenues of 6.4 billion euros ($8.6 billion), flat year-on-year.
Nokia shares traded up 1.8 percent at 11.74 euros at 1333 GMT, keeping pace with a firmer Dow Jones Stoxx Technology index .SX8P.
(Reporting by Brett Young; Editing by Hans Peters)
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