Nokia signs up China Mobile, the world's largest telco in terms of subscribers: total 600 million, 3G 76 million!'Nokia signed a deal with China's biggest telecom operator China Mobile Ltd. to sell its flagship Lumia 920 phone in China, and launching a new midtier phone running the latest version of Microsoft Corp.'s Windows software for smartphones.The Chinese deal will see a new version of the Lumia 920, called the 920T, available for order by the end of the year. The device will be compatible with China's unique TD-SCDMA third-generation technical standard, and comes as rival Apple Inc. prepares to launch its popular iPhone 5 in China on Dec. 14. China Mobile, which had 75.6 million 3G users at the end of September, is the only major Chinese operator that won't offer the iPhone 5.Nokia also unveiled a new midtier phone, the Lumia 620, which will be priced at around $249 excluding taxes and subsidies—much more affordable than the high-end 920 and 820, both of which retail at roughly twice that price. Nokia will begin selling the 620 in Asia in January, closely followed by launches in Europe and the Middle East.''Francisco Jeronimo, an industry analyst at U.S.-based International Data Corp., said Wednesday's news from Nokia is encouraging. According to IDC's data, midtier smartphones are the fastest-growing phone segment in many markets such as Western Europe, and the new Lumia 620 will enable Nokia to compete head-on with affordable Android devices, Mr. Jeronimo said.'http://online.wsj.com/article/SB1000142412788732464010457816...---------------MDP Home Fool
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