Nokia has signed a one-year frame agreement to accelerate China Mobile’s plans to upgrade to a flexible cloud network infrastructure. The deal, valued at around $1.53bn, will deliver technologies to support IoT devices and eventually embrace 5G in the country. The world’s largest MNO has struggled to translate its colossal 833.8m-strong mobile subscriber base into impressive financial results, despite hefty investments in LTE technologies. It has looked to diversify its business by launching subsidiaries focused on new revenue opportunities, such as China Mobile Internet Company (CMIC) last year. And it has been an aggressive trailblazer of new network architectures which could support new services while transforming the economics of mobile data. It recently tapped ZTE to support its bid to…