Nokia Siemens Networks' latest financial report shows that during the forth quarter of 2010, its net sales in the Greater China region reached EUR506 million, a year-on-year increase of 20% and an increase of 63% compared with the previous quarter.
According to the report, the company's total net sales in the reporting period was EUR3.961 billion, an increase of 9% compared with the same period in 2009. In addition, its annual worldwide sales reached EUR12.6 billion.
Due to the strong business growth and the improvement of consumer confidence in the Chinese mobile communication industry, Nokia Siemens Networks' net sales in the Greater China region reached EUR1.451 billion during the entire year of 2010, a year-on-year increase of 3.9%.
In April 2010, Nokia Siemens Networks signed agreements with China Mobile and China Unicom, respectively, selling EUR750 million 2G and 3G mobile network equipment and solutions to the two Chinese telecom operators. In China Mobile's IMS platform bidding, Nokia Siemens Networks became the provider for China Mobile's Beijing, Xinjiang, Jiangxi, and Yunnan branches.
By 2010, Nokia Siemens Networks had completed the distribution of its TD-LTE industry chain, covering research and development, manufacturing, procurement, sales, services, and tests.