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Nokia Sees Large Increase in Mobile Phone Sales in China

Posted on: Thursday, 24 February 2005, 09:00 CST

Nokia sees large increase in mobile phone sales in China

BEIJING, Feb. 24 (Xinhua) -- Nokia, the world's top mobile phone maker and a major telecoms equipment maker, said Wednesday that it recorded strong sales in China last year thanks to the country's rapidly growing mobile communications sector.

The firm's net sales in China surged 44 percent year-on-year in 2004 to reach 3.6 billion US dollars, said David Ho, president of Nokia (China) Investment Co Ltd.

Nokia's exports from its facilities in China soared to 3.3 billion US dollars in 2004, up 56 percent year-on-year, Thursday's China Daily reported.

Nokia's total exports from China in the past five years have exceeded 14 billion US dollars. Its local purchases in China reached 3.1 billion US dollars last year.

Currently, China is Nokia's second largest market.

By 2004, Nokia's accumulated investment in China stood at 2.18 billion US dollars.

Since January 2004, Nokia has maintained its No 1 position in China's mobile phone market, staying in front of arch rival Motorola.

The firm also said it was the largest 3G (third generation) mobile telecom equipment provider in Asia.

Nokia has provided 3G equipment to the top three cellular operators in Taiwan Province and major operators in Hong Kong.

Chinese mainland authorities have yet to award operators licenses to deploy 3G networks.

Analysts estimate Nokia holds about a 20 percent share of China 's mobile phone market.

Globally, its market share is more than 30 percent.

Source: Xinhua News Agency - CEIS

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