Nokia (NOK) - Get Nokia Oyj Sponsored ADR Report signed agreements worth up to $1.3 billion to serve as the third-generation mobile network supplier for operations associated with France Telecom (FTE) in the U.K., France and Germany.

Nokia will provide service for

Itineris

in France,

Orange

in the U.K. and

MobilCom

TheStreet Recommends

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

trading.