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Siemens, Nokia win $750 mln order from Telenor in Pakistan

Siemens AG and Nokia Oyj, which are merging their phone-equipment’s units, won an order worth as much as $750 mln to expand the Pakistani mobile phone network of Telenor ASA.

Telenor Pakistan has hired Siemens to plan and supply technologies for the network in the south of Pakistan, and to expand and modernize the network nationwide, Munich-based Siemens said in an e-mailed statement today. The network is based on the global system for mobile communications, or GSM. Following the expansion phase, Siemens will take over the operation of the network. The Telenor Pakistan order, which has a „potential total value of $750 million” was awarded to both Siemens and Nokia and is one of the „largest frame agreements of this type ever awarded in this sector,” Siemens said. Nokia and Siemens agreed in June to merge their network units to form a company with annual sales of €15.8 billion and close the gap to market leaders Alcatel-Lucent and Ericsson AB. Telenor is the Nordic region's biggest phone company by revenue. (Bloomberg)