The Finnishand China Putian, a telecommunications gear maker, are setting up a joint venture that will research, manufacture and sell products for the upcoming wireless data services. support services such as video on demand.
The focus of the Nokia-Putian operation will be on TD-SCDMA (Time Division Synchronous Code Division Multiple Access) and W-CDMA (Wideband Code Division Multiple Access) technologies. The first set of products is expected to be out in 2006, marketed under the Potevio brand held by China Putian. Nokia will sell W-CDMA systems under its own brand both globally and in China.
The joint venture represents a total investment of about $110 million, with the Chinese partner holding a 51 percent stake. The partners will set up a facility in the city of Wuhan.
Early this year, Nokia competitorin Nanjing, China.