Nokia will partner with China Mobile to launch a version of its new
flagship Lumia smartphone tailored for the world's largest cellular
market, the Finnish company said on Wednesday.
China Mobile, the
biggest operator in the world with more than 700 million subscribers,
will start selling the Lumia 920T, the first phone to be based on
Microsoft's new Windows Phone 8 platform in China's third-generation
Nokia shares rose 6.1 percent in the early Helsinki
trade. Successful sales of the latest Lumia 920 and 820 (Pictures) models are seen
crucial for the company as it tries to reverse a decline in market share
it has lost to Samsung and Apple.
Chinese telecom carriers have
been engaged in intense price competition by offering cheap handset
deals and data plans to try to attract higher-end 3G subscribers. China
Mobile is the only telecom carrier in China without a contract with
Apple Inc to sell iPhones in the country.
© Thomson Reuters 2012