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New Nokia unit to help China net companies expand overseas

New Nokia unit to help China net companies expand overseasNokia has announced plans to establish a dedicated unit to help major Chinese internet companies expand overseas.

The new unit will focus on areas including data centers, cloud computing, IP routing, transport and services, as well as emerging technologies such as AI, machine learning and edge cloud.

Nokia is taking the initiative as part of its efforts to expand its business beyond its core telecoms operator market, and to further augment its Chinese presence following the launch of the Nokia Shanghai Bell joint venture in China (formerly Alcatel-Lucent Shanghai Bell).

Nokia separately announced it has completed the acquisition of telecoms software company Comptel. The acquisition was first announced in February and had a price tag of around €347 million ($396.8 million).

The acquisition bolsters Nokia's software portfolio by adding capabilities designed to help digital service providers bring new services to master faster and improve operational efficiency.

Comptel's suite of software will be added to Nokia's OSS and BSS, analytics, security and cloud technology to provide a comprehensive suite of telecoms software designed to allow customers to deliver better digital experiences and operations in a cloud environment.

First published in TelecomAsia