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Nokia Extends Contracts With TeliaSonera For pan-Nordic GSM Networks

Posted on: Monday, 23 June 2003, 06:00 CDT

HELSINKI, Finland--(BUSINESS WIRE)--June 23, 2003--Nokia and TeliaSonera have signed extensions to existing framework contracts, laying the groundwork for future supply of Nokia's GSM radio-access infrastructure to TeliaSonera networks in Denmark, Finland, Norway and Sweden.

Under the terms of the agreement, Nokia and TeliaSonera will harmonize logistics processes and contractual terms for all TeliaSonera's Nordic affiliates. This will result in cost-savings and synergies for both companies in the future.

In addition, Nokia and TeliaSonera have signed a Letter of Intent to extend their framework agreement to the end of 2005.

The agreement helps TeliaSonera consolidate its operations across all four Nordic countries. By harmonizing its supply agreements with the individual TeliaSonera affiliates, Nokia will achieve significant cost benefits over the next two years as it streamlines its collaboration with TeliaSonera.

"TeliaSonera has been a leading customer in implementing new cost-effective co-operation processes," says Timo Koistinen, TeliaSonera Account Director, Nokia Networks. "This is an excellent opportunity to continue this co-operation on a Nordic and even global scale."

"We are pleased at Nokia Networks' ability to see TeliaSonera as a one company and the synergy benefits we can get with these agreement," says Lars-Gunnar Johansson, Group Vice President, TeliaSonera Corporate Networks and Technology.

Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed broadband and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.

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