Nokia and FPT signed a memo for strategic cooperation

Hanoi - September 25, Nokia – the world’s leading supplier of handset devices and FPT Corporation – the local leading company in IT and telecommunications signed a strategic memo of understanding (MOU) till end of 2009.

06/10/2008

Mr. Chris Carr (left) and Mr. Truong Gia Binh (right) shaking hands at the signing ceremony

As part of the MOU, the two sides will cooperate to expand Nokia’s mobile phone distribution network in Vietnam while working together to provide Vietnamese customers with more and better digital content solutions.

Nokia also plans to work with FPT to expand FPT’s public WiFi connection services and increase their cooperation in Vietnam’s online digital communication market. The MOU also made reference of inviting FPT to join Nokia’s digital promotion campaigns.

In addition, the two sides plan to cooperate to develop Vietnamese mobile community and the local digital convergence industry. In the short term, Nokia promises to continue its support for FPT University as well as sponsorship for FPT’s annual Mobi Labs contest which encourages local youth to create new applications for mobile devices.

FPT is targeting globalization and hopes to exchange marketing information regularly with the Finnish partner as well as update of the digital industries through up-coming conferences and events.

“We’re working to bring new initiatives to the local market and increase customers’ benefit. This cooperation marks Nokia’s first step in to develop the local internet service market. We’re happy to cooperate with FPT, a partner having the same vision”, said Mr. Chris Carr, Nokia’s Vice President of Asia-Pacific,

“FPT and Nokia have joined hands for long in distrubution of Nokia cell-phones in Vietnam. The strategic cooperation of the two sides will directly contribute to the development of Vietnam’s digital industry and mobile device business. This is the obvious trend for e-citizens”, confirmed Mr. Truong Gia Binh, FPT’s Chairman of Management Board and General Director.

About FPT and Nokia

FPT

FPT has been chosen to be Nokia’s official distributor in Vietnam since 2004. FPT remains its first position in distribution of mobile handsets and other IT products in Vietnam. For first eight months of 2008, FPT has achieved impressive growths: Total revenue of 11,258,638 mil. VND, increasing 41.6% on the last year, profit before tax 738,175 mil. VND, 22.2% higher than the previous year.

Nokia

Nokia is the world leading supplier of mobile handset, promoting the transfer and growth in Internet application and convergence communication. We produce different types of mobile devices with services and softwares that allow users to enjoy music, navigation, video, television, image, games, mobility in business, etc. Development of internet services for users as well softwares for enterprises has been a key area. We also provides devices, solutions and services for network suppliers through Nokia Siemens Networks.

For more information, please contact:

Nokia
Communications, Indochina
Nguyen Phi Nhu
Tel. + 84 903398098
www.nokia.com.vn

FPT
Hoang Ngoc Quy
Tel: 0974 181 889 – Fax: 04 7689067
Email: [email protected]