Nokia signs $1.5 billion framework deal with China Mobile

Nokia has signed a 1.36 billion euro ($1.5 bln) one-year framework deal with China Mobile, the Finnish company said on Monday, easing fears that it would lose market share while it merges operations with Alcatel-Lucent. Nokia's network equipment sales fell more than expected in the first quarter as buyers held off due to the Alcatel integration process. China Mobile is Nokia's biggest customer in China.