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Nokia Siemens wins $1.11 bln worth China deals

HELSINKI, Feb 25 (Reuters) - Telecoms gear firm Nokia Siemens Networks [NSN.UL] said on Wednesday it had won orders worth 7.6 billion yuan ($1.11 billion) for 2009 from China Mobile 0941.HK and China Unicom 0762.HK. Telecom gear makers are battling fiercely for large orders in a shrinking market as operators delay investments due to the economic slowdown, and Asian vendors Huawei [HWT.UL] and ZTE 0763.HK put pressure on prices.

China and India are expected to be the key growth areas of the market, with China’s three telecom carriers expected to spend 400 billion yuan over the next three years, building out their 3G mobile networks. (Reporting by Tarmo Virki)

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