Nokia Corporation (NOK)
4.0200 +0.05 (1.26%)
Before hours: 5:40AM EST
| Previous close | 3.8900 |
| Open | 3.9000 |
| Bid | 4.0000 x 38800 |
| Ask | 4.0100 x 36200 |
| Day's range | 3.8900 - 3.9700 |
| 52-week range | 2.3400 - 5.1400 |
| Volume | 32,037,957 |
| Avg. volume | 32,837,458 |
| Market cap | 22.031B |
| Beta (5Y monthly) | 0.44 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.1920 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 29 Jul 2019 |
| 1y target est | 4.38 |
- Bloomberg
U.K. Looks at Huawei Install Ban Next Year to Placate Hawks
(Bloomberg) -- The U.K. is considering a ban on the installation of Huawei Technologies Co. 5G equipment as soon as next year to appease hawks pushing for tighter restrictions on the Chinese network equipment maker, according to people familiar with the matter.Legislators from Prime Minister Boris Johnson’s Conservative Party are demanding the stricter rules as part of the price for backing telecommunications security legislation due in parliament next week.The draft law will give parliament a chance to force carriers to replace 5G equipment well before a blanket ban is enforced in 2027. Any further installations of Huawei equipment by carriers would carry fines of as much as 10% of sales or 100,000 pounds a day ($133,000).The government already set limits on telecom companies including BT Group Plc, Vodafone Group Plc and CK Hutchison Holdings Ltd.’s Three UK buying gear from Huawei that are set to kick in after December. However, there are no rules yet barring the companies from using Huawei equipment they already bought but haven’t yet installed.Carriers have been stockpiling parts made by Huawei while sourcing alternatives. Stopping them using those stockpiled parts could increase their costs as they would be forced to speed up the overhaul of their networks, according to people familiar with phone companies’ plans.Under the new proposal, that ban could come into force as soon as September next year, the people said, asking for anonymity as the talks are confidential.A representative for the government’s Department for Digital, Culture, Media and Sport had no immediate comment.“We will be working through the details of any planned rules restricting procurement or deployment of Huawei equipment,” said a BT spokesman. “We would encourage the Government to continue to take balanced and evidence-based decisions.”In January, the U.K. granted Huawei a limited role in 5G networks, leading to a parliamentary rebellion. Prime Minister Boris Johnson reversed his position in July, after U.S. sanctions introduced in May affected Huawei’s supply chain. British officials said the change meant they were no longer able to guarantee the security of the Shenzhen company’s products.The latest proposals may not go far enough for some lawmakers, who are calling for the government to consider forcing carriers to remove Huawei equipment from their 5G networks earlier than the current 2027 plan.The current draft of the telecommunications bill grants the government broad powers to enforce a moratorium against Huawei, but leaves important details to be nailed down later on and doesn’t mention Huawei by name, angering potential Conservative rebels who want more specific commitments.Lawmakers are set to debate the bill next week. The draft legislation proposes fines of as much as 10% of sales or 100,000 pounds a day ($133,000) for violations, which will apply to carriers including BT, Vodafone and CK Hutchison Holdings Ltd.’s Three UK.The U.S. has campaigned for its allies to exclude Huawei on the grounds its proximity to China’s government constitutes an unacceptable security risk, which the company has denied.Without Huawei, U.K. mobile networks will lean heavily on its Nordic rivals Nokia Oyj and Ericsson AB. The government is due to publish more details about diversifying the U.K. 5G supply chain in the next few weeks.(Updates with detail in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Globe Newswire
Nokia selected as one of TELUS network infrastructure partners to provide transformational 5G mobile services for Canadians
23 November 2020 Espoo, Finland – Nokia today announced that TELUS is deploying a range of its solutions to support the Canadian operator deliver greater network scale, performance, and efficiency helping to strengthen and expand its 5G service offerings. The Nokia solutions being deployed for 5G include its subscriber data management and the policy controller, as well as its NetAct network management, LTE indoor picocells and IP edge routers. Nokia’s products will allow TELUS to cost-effectively manage its network through near zero-touch automation and adherence to service level agreements while helping the operator deliver ultra-low network latency, reliability and security to its customers. Nokia’s solutions provide the scale, performance and extensive service capabilities required to meet increasing customer demands. As a result, TELUS can establish a cloud-enabled network architecture for faster and more efficient delivery of new residential, business and mobile services. “With an exponential increase in capacity, bandwidth and speed, 5G will change the way we live and work by fostering Canadian innovation and growing several key verticals of our economy,” said Ibrahim Gedeon, Chief Technology Officer at TELUS. “Our 5G network, strengthened by the expertise of our infrastructure partners, like Nokia, will form the foundation of Smart Cities and Industry 4.0, next-generation virtual healthcare, immersive education, agriculture technology and next-level gaming.” Jeffrey Maddox, President of Nokia Canada, said: “We are very pleased to provide TELUS with Nokia’s cloud-native 5G core products and IP routing solutions. This deployment speaks to the breadth of Nokia’s ability to truly connect the network to the business at scale and strengthens Nokia’s position as a market leader in 5G core network deployments. Being hardware, vendor and network agnostic, we give our customers peace of mind and the confidence that a provider of our size will fully deliver.” Additional Resources Webpage: Nokia Subscriber Data ManagementWebpage: Nokia NetActWebpage: Nokia Policy ControllerWebpage: Nokia XGSWebpage: Nokia 7750 Service Router portfolioWebpage: Service Router Operating System (SR OS)Webpage: LTE indoor Picocells About Nokia We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks. Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia and @NokiaNAM. Media Inquiries Communications Phone: +358 (0) 10 448 4900 E-mail: press.services@nokia.com
- Globe Newswire
Nokia enables China Mobile with enterprise IoT connectivity globally
Press Release Nokia enables China Mobile with enterprise IoT connectivity globally Nokia and China Mobile reached a strategic agreement to provide seamless IoT global connectivity services for both China and international customers based on Nokia’s Worldwide IoT Network Grid (WING) managed service, expanding the capability of OneLinkWING’s connectivity management platform delivers real-time visibility for IoT devices and services unfettered by traditional boundaries and limitations 20 November 2020 Espoo, Finland – Nokia today announced that it has been selected by China Mobile IoT (CMIoT), a wholly-owned subsidiary of the China Mobile Communications Corporation, to ensure delivery of IoT connectivity and services to CMIoT’s customers across China and globally. The partnership will enable CMIoT to expand its international OneLink IoT capabilities, which will be underpinned by Nokia’s Worldwide IoT Network Grid (WING) managed service. Nokia WING’s network nodes, deployed around the world, will be integrated with the OneLink IoT SIM Card Connection and Management Platform to provide robust, unified connectivity management for CMIoT’s international business customers, breaking through traditional boundaries and geographical limitations. Nokia WING will enable CMIoT to provide its customers with global IoT connectivity services quickly and cost-effectively leveraging the global scale of Nokia WING’s IoT infrastructure, therefore capturing greater IoT market share. Based on this agreement, Nokia and China Mobile will cooperate on IoT connectivity services and jointly build a Chinese node of Nokia WING for CMIoT in Chongqing. Nokia and CMIoT are committed to developing international IoT business applications, products and services by combining their respective advantages and to meet the needs of the growing international IoT market. Yaqiong Tang，Deputy General Manager, CMIoT, said: “The Nokia WING IoT Platform solution will give us a competitive edge with new enterprise customers and enable us to provide the level of IoT connectivity and management that all our customers expect both in China and across the globe.” Ankur Bhan, Head of WING Business, Nokia, said: “We’re very proud to be working with CMIoT to meet the needs of modern enterprises around the world. Our WING solution will allow CMIoT to offer a superior IoT services experience to its customers at home and abroad. Its flexible, invest-as-you-grow business model will also enable CMIoT to go-to-market with this offering rapidly and be able to scale IoT services cost-effectively.” Resources: Webpage: Nokia WING About NokiaWe create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks. Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia. Media Inquiries:Nokia CommunicationsPhone: +358 10 448 4900 Email: press.services@nokia.com
