Espoo, Finland - Nokia has signed a strategic partnership agreement with China Postel Mobile Communication Equipment Co., Ltd. (China Postel) of China P&T Appliances, bolstering the strong existing relationship between the two companies.

Mr. David Tang, Vice President of Nokia China, and Mr. Tan Xinhui, Chairman of China Postel, signed the agreement on behalf of the two parties. China Postel is expected to purchase mobile devices valued at approximately USD 2 billion from Nokia in 2008. In addition, both parties have agreed to strengthen strategic ties, especially with regard to channel development, resource investment, and marketing management.

“As the largest mobile phone manufacturer in both the global and Chinese markets, Nokia considers China a strategic market and a significant base of manufacturing, R&D, and innovation,” said Mr. David Tang, the Vice President of Sales, Nokia China. “With its impressive product portfolio, in-depth localization strategies, successful channel construction, and constantly improving brand loyalty, Nokia has been a leader in the Chinese mobile phone market since 2004.”

Nokia, the world’s largest mobile phone manufacturer, and China Postel, China’s largest mobile phone distributor, enjoy a long-standing partnership that continues to strengthen with time. This new partnership agreement marks a significant milestone for both parties.