Nokia joins forces with New Alliance to establish mobile services
joint venture in China
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Beijing, China - Nokia today has joined forces with New Alliance, aninvestment company which is part of the Shanghai Alliance InvestmentLtd, to form a 50/50 joint venture company designed to offer a rangeof mobile services in China and support the local developerecosystem.The joint venture company will be called Nokia Alliance InternetServices Company Limited.According to Niklas Savander, Executive Vice President of Servicesfor Nokia, "China is the world's largest mobile and internet market.As Nokia is entering the services business in China, establishingthis joint venture is a natural step to help us bring locallyrelevant mobile services to Chinese consumers. ""Joining forces with New Alliance gives us the right platform andexpertise to offer a suite of selected Nokia Ovi services - as wellas work with local content developers to help bring theirapplications to market," Mr. Savander said.Mr. Qu Liefeng from New Alliance said, "We are delighted to form thisventure with Nokia. Given our wealth of local knowledge andexperience, we believe that we are well placed to help develop thenext level of mobile content and services in China."The joint venture will open for business in January 2010 and involveapproximately 80 people.About NokiaNokia is a pioneer in mobile telecommunications and the world'sleading maker of mobile devices. Today, we are connecting people innew and different ways - fusing advanced mobile technology withpersonalized services to enable people to stay close to what mattersto them. We also provide comprehensive digital map informationthrough NAVTEQ; and equipment, solutions and services forcommunications networks through Nokia Siemens Networks.About New AllianceShanghai New Alliance is an affiliated company under ShanghaiAlliance Investment Limited (SAIL). It focuses on long term growthprojects with sustainability in the Telecom, media, technology, newenergy, environmental, medical and pharmaceutical and modern servicesindustries.FORWARD-LOOKING STATEMENTSIt should be noted that certain statements herein which are nothistorical facts, including, without limitation, those regarding: A)the timing of product, services and solution deliveries; B) ourability to develop, implement and commercialize new products,services, solutions and technologies; C) our ability to develop andgrow our consumer Internet services business; D) expectationsregarding market developments and structural changes; E) expectationsregarding our mobile device volumes, market share, prices andmargins; F) expectations and targets for our results of operations;G) the outcome of pending and threatened litigation; H) expectationsregarding the successful completion of contemplated acquisitions on atimely basis and our ability to achieve the set targets upon thecompletion of such acquisitions; and I) statements preceded by"believe," "expect," "anticipate," "foresee," "target," "estimate,""designed," "plans," "will" or similar expressions areforward-looking statements. These statements are based onmanagement's best assumptions and beliefs in light of the informationcurrently available to it. Because they involve risks anduncertainties, actual results may differ materially from the resultsthat we currently expect. Factors that could cause these differencesinclude, but are not limited to: 1) the deteriorating global economicconditions and related financial crisis and their impact on us, ourcustomers and end-users of our products, services and solutions, oursuppliers and collaborative partners; 2) the development of themobile and fixed communications industry, as well as the growth andprofitability of the new market segments that we target and ourability to successfully develop or acquire and market products,services and solutions in those segments; 3) the intensity ofcompetition in the mobile and fixed communications industry and ourability to maintain or improve our market position or respondsuccessfully to changes in the competitive landscape; 4)competitiveness of our product, services and solutions portfolio; 5)our ability to successfully manage costs; 6) exchange ratefluctuations, including, in particular, fluctuations between theeuro, which is our reporting currency, and the US dollar, theJapanese yen, the Chinese yuan and the UK pound sterling, as well ascertain other currencies; 7) the success, financial condition andperformance of our suppliers, collaboration partners and customers;8) our ability to source sufficient amounts of fully functionalcomponents, sub-assemblies, software and content without interruptionand at acceptable prices; 9) the impact of changes in technology andour ability to develop or otherwise acquire and timely andsuccessfully commercialize complex technologies as required by themarket; 10) the occurrence of any actual or even alleged defects orother quality, safety or security issues in our products, servicesand solutions; 11) the impact of changes in government policies,trade policies, laws or regulations or political turmoil in countrieswhere we do business; 12) our success in collaboration arrangementswith others relating to development of technologies or new products,services and solutions; 13) our ability to manage efficiently ourmanufacturing and logistics, as well as to ensure the quality,safety, security and timely delivery of our products, services andsolutions; 14) inventory management risks resulting from shifts inmarket demand; 15) our ability to protect the complex technologies,which we or others develop or that we license, from claims that wehave infringed third parties' intellectual property rights, as wellas our unrestricted use on commercially acceptable terms of certaintechnologies in our products, services and solutions; 16) our abilityto protect numerous Nokia, NAVTEQ and Nokia Siemens Networkspatented, standardized or proprietary technologies from third-partyinfringement or actions to invalidate the intellectual propertyrights of these technologies; 17) any disruption to informationtechnology systems and networks that our operations rely on; 18)developments under large, multi-year contracts or in relation tomajor customers; 19) the management of our customer financingexposure; 20) our ability to retain, motivate, develop and recruitappropriately skilled employees; 21) whether, as a result ofinvestigations into alleged violations of law by some formeremployees of Siemens AG ("Siemens"), government authorities or otherstake further actions against Siemens and/or its employees that mayinvolve and affect the carrier-related assets and employeestransferred by Siemens to Nokia Siemens Networks, or there may beundetected additional violations that may have occurred prior to thetransfer, or violations that may have occurred after the transfer, ofsuch assets and employees that could result in additional actions bygovernment authorities; 22) any impairment of Nokia Siemens Networkscustomer relationships resulting from the ongoing governmentinvestigations involving the Siemens carrier-related operationstransferred to Nokia Siemens Networks; 23) unfavorable outcome oflitigations; 24) allegations of possible health risks fromelectromagnetic fields generated by base stations and mobile devicesand lawsuits related to them, regardless of merit; as well as therisk factors specified on pages 11-28 of Nokia's annual report onForm 20-F for the year ended December 31, 2008 under Item 3D. "RiskFactors." Other unknown or unpredictable factors or underlyingassumptions subsequently proving to be incorrect could cause actualresults to differ materially from those in the forward-lookingstatements. Nokia does not undertake any obligation to publiclyupdate or revise forward-looking statements, whether as a result ofnew information, future events or otherwise, except to the extentlegally required.Media Enquiries:NokiaCommunicationsTel. +358 7180 34900Email: press.services(at)nokia.comNokiaCommunications, ChinaTel. +8613911606875Email: louise.ingram(at)nokia.com --- End of Message ---NOKIAP.O. Box 226
FIN-00045 NOKIA GROUP Espoo WKN: 870737; ISIN: FI0009000681; Index: DJ STOXX Large 200, DJ STOXX 50;Listed: Nordic list (Large Cap) in THE HELSINKI STOCK EXCHANGE;
Datum: 09.12.2009 - 08:33 Uhr
Sprache: Deutsch
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