Helsinki - Nokia said on Monday it has signed an agreement of 1.36 billion euros with a term of one year with China Mobile, easing market fears loss to merge its operations with Alcatel-Lucent.
Nokia's network equipment sales fell more than expected in the first quarter as customers away during the process of Alcatel's integration.
China Mobile is the largest customer of Nokia in China.
"With the announcement, China is not a market with which it is necessary to worry too much this year. They managed to hold the old positions of Nokia and Alcatel," said Nordea analyst Sami Sarkamies.
Nokia bought the French-American Alcatel-Lucent earlier this year in a deal in shares worth 15.6 billion euros.
The agreement can help it more broadly to compete with Swedish Ericsson and China's Huawei both in fixed and in mobile network equipment.
The company plans to cut 10,000 to 15,000 jobs worldwide, or up to 14 percent of its workforce.
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