Nokia will provide service for
in the U.K. and
in Germany. France Telecom owns all of Itineris and Orange. MobilCom, in turn, is 28%-owned by Orange.
Nokia will provide a $1.8 billion financing package for the development of the network.
Yesterday, Nokia reached a $900 million agreement with Australia's
Cable & Wireless Optus
to serve as that company's sole third-generation mobile network provider.
The American depositary shares of Nokia, which is based in Finland, fell $1.67, or 7.3%, to $21.26 in recent
New York Stock Exchange