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Nokia and Pearson Form Wireless Educational Venture in China

February 1, 2010

LONDON and ESPOO, Finland, February 1 /PRNewswire-FirstCall/ — Nokia
(NYSE: NOK), the world leader in mobility, and Pearson, the world’s leading
education company, today announced the formation of a joint venture, Beijing
Mobiledu Technologies, to accelerate the growth of Mobiledu, the premier
mobile phone-delivered education service, developed by Nokia in China.

Launched in China in 2007, Mobiledu is a mobile service that provides
English-language learning materials and other educational content, from a
variety of content providers, directly to mobile phones. Customers can access
the content through an application preloaded on new Nokia handsets, or by
visiting the service’s mobile website and most other WAP portals in China.

Since its launch, Mobiledu has already attracted 20 million subscribers
in China, with 1.5 million people actively using the service each month.
Mobiledu will continue to be delivered to customers in China through a range
of channels, including Nokia’s Ovi Store.

The new joint venture company will combine the world-class expertise of
Nokia in mobile devices and services, and Pearson’s industry- leading assets
and expertise in education, to deliver a wide range of services to meet the
high demand for education in China. Headed by Angela Long, formerly head of
Mobiledu at Nokia, the Beijing-based company will begin operations
immediately.

Robert Andersson, Senior Vice President and head of Corporate Alliances
and Business Development at Nokia, said:

“We are proud to have developed a service which is already highly valued.
We believe that through this partnership with Pearson, a global industry
leader in education, we can offer an exciting future for this service and its
customers.”

John Fallon, Chief Executive of Pearson’s International Education
business, said:

China is the world’s largest mobile phone market and the country with
the largest number of people learning English. This is a great opportunity to
combine Pearson’s English language learning and wider educational services
with the mobile technology capabilities of Nokia to meet this demand and help
a larger number of people achieve their aspirations.”

About Nokia

Nokia is a pioneer in mobile telecommunications and the world’s leading
maker of mobile devices. Today, we are connecting people in new and different
ways – fusing advanced mobile technology with personalized services to enable
people to stay close to what matters to them. We also provide comprehensive
digital map information through NAVTEQ; and equipment, solutions and services
for communications networks through Nokia Siemens Networks.

About Pearson

Pearson (NYSE: PSO), the global leader in education and education
technology, reaches and engages today’s digital natives with effective and
personalized learning, as well as dedicated professional development for
their teachers. This commitment is demonstrated in the company’s investment
in innovative print and digital education materials for preK through
professional learning, student information systems and learning management
systems, teacher development, career certification programmes, and testing
and assessment products that set the standard for the industry. The company’s
respected brands include Scott Foresman, Prentice Hall, Addison Wesley,

Benjamin Cummings, the Stanford Achievement Test series, the Wechsler family
of assessments, SuccessNet, MyLabs, PowerSchool, SuccessMaker and many
others. Pearson’s comprehensive offerings help inform targeted instruction
and intervention so that success is within reach of every student at every
level of education. Pearson’s commitment to education for all is supported by
the global charitable giving initiatives of the Pearson Foundation. Pearson’s
other primary businesses include the Financial Times Group and the Penguin
Group. For more information, go to http://www.pearson.com.

FORWARD-LOOKING STATEMENTS

It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding: A) the
timing of product, services and solution deliveries; B) our ability to
develop, implement and commercialize new products, services, solutions and
technologies; C) our ability to develop and grow our consumer Internet
services business; D) expectations regarding market developments and
structural changes; E) expectations regarding our mobile device volumes,
market share, prices and margins; F) expectations and targets for our results
of operations; G) the outcome of pending and threatened litigation; H)
expectations regarding the successful completion of contemplated acquisitions
on a timely basis and our ability to achieve the set targets upon the
completion of such acquisitions; and I) statements preceded by “believe,”
“expect,” “anticipate,” “foresee,” “target,” “estimate,” “designed,” “plans,”
“will” or similar expressions are forward-looking statements. These
statements are based on management’s best assumptions and beliefs in light of
the information currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the results that we
currently expect. Factors that could cause these differences include, but are
not limited to: 1) the deteriorating global economic conditions and related
financial crisis and their impact on us, our customers and end-users of our
products, services and solutions, our suppliers and collaborative partners;
2) the development of the mobile and fixed communications industry, as well
as the growth and profitability of the new market segments that we target and
our ability to successfully develop or acquire and market products, services
and solutions in those segments; 3) the intensity of competition in the
mobile and fixed communications industry and our ability to maintain or
improve our market position or respond successfully to changes in the
competitive landscape; 4) competitiveness of our product, services and
solutions portfolio; 5) our ability to successfully manage costs; 6) exchange
rate fluctuations, including, in particular, fluctuations between the euro,
which is our reporting currency, and the US dollar, the Japanese yen, the
Chinese yuan and the UK pound sterling, as well as certain other currencies;
7) the success, financial condition and performance of our suppliers,
collaboration partners and customers; 8) our ability to source sufficient
amounts of fully functional components, sub-assemblies, software and content
without interruption and at acceptable prices; 9) the impact of changes in
technology and our ability to develop or otherwise acquire and timely and
successfully commercialize complex technologies as required by the market;
10) the occurrence of any actual or even alleged defects or other quality,
safety or security issues in our products, services and solutions; 11) the
impact of changes in government policies, trade policies, laws or regulations
or political turmoil in countries where we do business; 12) our success in
collaboration arrangements with others relating to development of
technologies or new products, services and solutions; 13) our ability to
manage efficiently our manufacturing and logistics, as well as to ensure the
quality, safety, security and timely delivery of our products, services and
solutions; 14) inventory management risks resulting from shifts in market
demand; 15) our ability to protect the complex technologies, which we or
others develop or that we license, from claims that we have infringed third
parties’ intellectual property rights, aswell as our unrestricted use on
commercially acceptable terms of certain technologies in our products,
services and solutions; 16) our ability to protect numerous Nokia, NAVTEQ and
Nokia Siemens Networks patented, standardized or proprietary technologies
from third-party infringement or actions to invalidate the intellectual
property rights of these technologies; 17) any disruption to information
technology systems and networks that our operations rely on; 18) developments
under large, multi-year contracts or in relation to major customers; 19) the
management of our customer financing exposure; 20) our ability to retain,
motivate, develop and recruit appropriately skilled employees; 21) whether,
as a result of investigations into alleged violations of law by some former
employees of Siemens AG (“Siemens”), government authorities or others take
further actions against Siemens and/or its employees that may involve and
affect the carrier-related assets and employees transferred by Siemens to
Nokia Siemens Networks, or there may be undetected additional violations that
may have occurred prior to the transfer, or violations that may have occurred
after the transfer, of such assets and employees that could result in
additional actions by government authorities; 22) any impairment of Nokia
Siemens Networks customer relationships resulting from the ongoing government
investigations involving the Siemens carrier-related operations transferred
to Nokia Siemens Networks; 23) unfavorable outcome of litigations; 24)
allegations of possible health risks from electromagnetic fields generated by
base stations and mobile devices and lawsuits related to them, regardless of
merit; as well as the risk factors specified on pages 11-28 of Nokia’s annual
report on Form 20-F for the year ended December 31, 2008 under Item 3D. “Risk
Factors.” Other unknown or unpredictable factors or underlying assumptions
subsequently proving to be incorrect could cause actual results to differ
materially from those in the forward-looking statements. Nokia does not
undertake any obligation to publicly update or revise forward-looking
statements, whether as a result of new information, future events or
otherwise, except to the extent legally required.

http://www.nokia.com

SOURCE Nokia Corporation


Source: newswire



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