NOKIA.HE - Nokia Corporation

Helsinki - Helsinki Real-time price. Currency in EUR
3.6460
+0.0195 (+0.54%)
At close: 6:29PM EEST
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Previous close3.6265
Open3.6420
Bid3.6575 x 0
Ask3.6585 x 0
Day's range3.6220 - 3.6800
52-week range2.0825 - 5.1190
Volume17,055,222
Avg. volume19,397,714
Market cap20.487B
Beta (5Y monthly)0.42
PE ratio (TTM)61.80
EPS (TTM)0.0590
Earnings date31 Jul 2020
Forward dividend & yield0.10 (2.76%)
Ex-dividend date03 Feb 2020
1y target est5.69
  • Nokia Ups the Game With Innovative Data Center Solutions
    Zacks

    Nokia Ups the Game With Innovative Data Center Solutions

    Nokia (NOK) launches operating system along with an advanced set of tools for data center networking to accelerate the expansion of cloud footprint.

  • Globe Newswire

    Nokia announces generational step in data center networking; new OS and tools give cloud builders unprecedented ability to adapt, automate and scale

    Press ReleaseNokia announces generational step in data center networking; new OS and tools give cloud builders unprecedented ability to adapt, automate and scale * Nokia improves data center networking for all cloud builders – webscale companies, service providers and enterprises – empowering them to rapidly design, deploy, adapt and automate data center network fabrics at massive scale to keep up with increasing business demand from 5G and Industry 4.0   * Apple is an early adopter of the innovative technology, deploying the solution within its cloud operations in its data centers   * Nokia redefines openness, application development flexibility, robustness and operational tools for rapidly building and confidently operating data center networks at scale9 July 2020Espoo, Finland – Nokia has redefined data center fabrics with the launch of a new and modern Network Operating System (NOS) and a declarative, intent-based automation and operations toolkit. This will allow cloud and data center builders to scale and adapt operations in the face of year-over-year exponential traffic growth and constant change brought on from technology shifts like 5G and Industry 4.0. The new Nokia Service Router Linux® (SR Linux) NOS and Nokia Fabric Service Platform (FSP) were co-developed with leading global webscale companies, including Apple, who is deploying the technology at its data centers.Facing massive growth in demand for cloud-based applications and use of new technologies like AI, machine learning and AR/VR, today’s large and growing community of cloud builders require an unprecedented level of customization and flexibility from networking components to operate and monitor sprawling data centers. Network Operating Systems have not kept up. Though evolving, traditional systems are restrictive and difficult to customize, integrate and automate. For example, today’s leading systems expose limited functions for customization and even then require cumbersome integrations. Often this means rudimentary applications that require re-compiling each time the NOS vendor upgrades releases. Newer open systems attempts are nascent, challenging to operationalize and generally unproven at scale. Nokia SR Linux is a genuine architectural step forward as it is the first fully modern microservices-based NOS, and the SR Linux NDK (NetOps development kit) exposes a complete and rich set of programming capabilities. Applications are easily integrated through modern tools like gRPC (remote procedure call) and protobuf, with no recompiling, no language limitations and no dependencies. SR Linux also inherits Nokia’s battle-tested Internet protocols from the service router operating system (SROS), which is the trademark of the huge installed base of Nokia carrier-grade routers. SR Linux is in effect the industry’s first flexible and open network application development environment.Nokia FSP provides the set of tools cloud builders need to implement intent and policy-based operation of the network. Well beyond a node-centric management system, FSP was designed to build, deploy and monitor the entire data center network with powerful network level constructs. Finally, the FSP includes technologies that were only available to the largest cloud builders, such as a real-time state-correct virtual digital twin for validation and troubleshooting.The combined solution provides the openness, flexibility, robustness and automation to make data center and cloud environments easier to scale, adapt and operate.Adam Bechtel, Vice President and Networking lead at Apple, said: “We regularly upgrade our data center equipment with technology to increase efficiency and reduce energy consumption. Using Nokia's new system will enable better networking and routing capabilities in our Viborg, Denmark facility.”Neil McRae, BT Group Chief Architect, said: “As one of the world’s leading communications services companies offering security, cloud and networking services to consumers and businesses, we consider data center automation as a foundational technology for our telco cloud model. Nokia’s new data center fabric solution promises to provide full programmability with deep telemetry, along with a modern operational toolkit to drive the extreme automation and scaling of our telco cloud, which is critical to drive future 5G services.”Muhammad Durrani, Senior Director of Network Architecture at Equinix, said: “Equinix has been working with Nokia for many years and we’ve come to rely on its highly reliable and scalable networking solutions for our global interconnection services. We’re pleased to see Nokia getting into the data center networking space and applying the same rigor to developing a next-generation open and easily extensible data center network operating system, while leveraging its IP routing stack that has been proven in networks globally. It provides a platform that network operations teams can easily adapt and build applications on, giving them the control they need to move fast.”Richard Petrie, CTO and Executive Director at LINX, said: “Having started early in our open networking journey, we’ve found that today’s data center network environments do not provide sufficient visibility or openness to enable the extreme automation that we require to scale our operations, without adding a lot of staff. Nokia's approach of bringing a new level of robustness and creativity to disaggregated data center networks is very much needed. We are pleased to see established vendors like Nokia stepping into the game in a big way."Mark van Teunenbroek, Managing Director team.blue/nl, team.blue, the largest hosting company in Europe that is founder-led and has a strong focus on innovation, privacy and security serving 2.5 million customers in Europe, said: “Nokia is one of our main partners for our data center interconnection transport network in the Netherlands. Seeing them now bring a new level of robustness and creativity to data center networks demonstrates to us that Nokia understands our current and future needs as a hosting company. The network visibility and openness of Nokia’s SR Linux platform would give us the automation we need to grow and scale our operations for many years to come. We look forward to trialing Nokia’s new solution in our data centers.”Elif Yenihan, Core and Access Planning Director at Turkcell, said: “As Nokia makes massive data center fabrics more automated, more open, and more easily consumable, we find their vision and implementation aligns very well with Turkcell’s requirements. For our data center operations we need maximum agility with maximum confidence. Nokia’s approach is well positioned, and we are pleased to partner with Nokia to drive ease of operations for rapid deployment, extreme adaptability, and absolute resiliency at scale.”Alan Weckel, Founding Analyst at market research company 650 Group, said: “Hyperscaler demands for data center switching and routing are far different today than they were just five years ago. Nokia has combined its proven routing software with a totally open and easily extensible foundation to offer a new network operating system, automation platform and data center switches that address the new needs of hyperscalers, such as unlimited scale, agility and AI. Nokia continues to expand its cloud product portfolio just as 650 Group is estimating that total spending on Data Center Switching and Routing products should exceed $17B a year by 2024, with telco service providers and enterprises benefiting from the innovation occurring in the cloud for years to come.”Basil Alwan, President of IP and Optical Networks at Nokia, said: “With decades of experience serving the world’s telecom operators, we understand the engineering challenges of building and operating business and mission-critical IP networks on a global scale. However, today’s massive data centers have their own unique operational challenges. The SR Linux project was the proverbial ’clean-sheet’ rethink, drawing from our partnership with Apple and others. The resulting design is impressive in its depth and strikes the needed balance for the future.”The Nokia solution product details: * Nokia SR Linux is built on the Internet protocol suite leveraged from Nokia's proven SROS, a rock-solid foundation with proven scalability, resiliency and interoperability that has been deployed globally in over one million routers in IP networks and the Internet. Hardware agnostic and running on standard Linux, it implements a ground-up architecture around model-driven management, streaming fine-grained telemetry and modern interfaces – such as gRPC and protobuf – providing easier programmability with heightened visibility and deeper control for all applications. It offers a state-of-the-art NDK for customers’ NetOps teams to develop new applications and operational tools in their language of choice. * Nokia FSP is a declarative intent-based automation and operations toolkit which delivers agile and scalable network operations for SR Linux and multi-vendor data center infrastructure. The Nokia FSP integrates easily with existing operational systems and provides a unique digital sandbox for real-time fabric simulation that can be used for network design, testing and troubleshooting. FSP-certified designs decrease fabric design times and simplify Day 0, Day 1 and Day 2 planning activities. These capabilities give NetOps teams greater confidence across all stages of large fabric deployment and operations, allowing them to run more efficiently, at a lower cost and with fewer staff. * Nokia’s data center switching portfolio delivers massive scale and resilience, providing a strong foundation for data center and cloud networking. The portfolio includes the Nokia 7250 Interconnect Router (IXR), Nokia 7220 IXR-H series and Nokia 7220 IXR-D series platforms, which offer a broad range of high-performance chassis-based and fixed-form-factor options for data center top of rack (TOR), leaf, spine and super-spine applications. The platforms support 400GE, 100GE, 50GE, 40GE, 25GE, 10GE and 1GE interfaces and deliver a robust and comprehensive set of capabilities spanning IP routing, layer two switching, QoS, scalable telemetry, security and model-driven management. SR Linux, 7250 IXR and 7220 IXR-D series are available today, the FSP and 7220 IXR-H series are expected to be available in Q4 2020.Resources: * Website: The Switch Is On * Ebook: The switch is on to data center networking your way * Solution overview: Nokia Data Center Fabric solution * Replay: Data centre virtual tour * Replay: Launch event with Basil Alwan * New product/launch images: Nokia media library The registered trademark Linux® is used pursuant to a sublicense from the Linux Foundation, the exclusive licensee of Linus Torvalds, owner of the mark on a worldwide basisAbout 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.Media Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com RISKS AND FORWARD-LOOKING STATEMENTSIt should be noted that Nokia and its businesses are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements regarding: A) expectations, plans or benefits related to our strategies, growth management and operational key performance indicators; B) expectations, plans or benefits related to future performance of our businesses and any expected future dividends including timing and qualitative and quantitative thresholds associated therewith; C) expectations and targets regarding financial performance, cash generation, results, the timing of receivables, operating expenses, taxes, currency exchange rates, hedging, cost savings, product cost reductions and competitiveness, as well as results of operations including targeted synergies, better commercial management and those results related to market share, prices, net sales, income and margins; D) expectations, plans or benefits related to changes in organizational and operational structure; E) expectations regarding competition within our market, market developments, general economic conditions and structural and legal change globally and in national and regional markets, such as China; F) our ability to integrate acquired businesses into our operations and achieve the targeted business plans and benefits, including targeted benefits, synergies, cost savings and efficiencies; G) expectations, plans or benefits related to any future collaboration or to business collaboration agreements or patent license agreements or arbitration awards, including income to be received under any collaboration or partnership, agreement or award; H) timing of the deliveries of our products and services, including our short term and longer term expectations around the rollout of 5G, investment requirements with such rollout, and our ability to capitalize on such rollout; as well as the overall readiness of the 5G ecosystem; I) expectations and targets regarding collaboration and partnering arrangements, joint ventures or the creation of joint ventures, and the related administrative, legal, regulatory and other conditions, as well as our expected customer reach; J) outcome of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities; K) expectations regarding restructurings, investments, capital structure optimization efforts, uses of proceeds from transactions, acquisitions and divestments and our ability to achieve the financial and operational targets set in connection with any such restructurings, investments, capital structure optimization efforts, divestments and acquisitions, including our current cost savings program; L) expectations, plans or benefits related to future capital expenditures, reduction of support function costs, temporary incremental expenditures or other R&D expenditures to develop or rollout software and other new products, including 5G and increased digitalization; M) expectations regarding our customers' future capital expenditure constraints and our ability to satisfy customer concerns; and N) statements preceded by or including “believe”, “expect”, “expectations”, “consistent”, “deliver”, “maintain”, “strengthen”, “target”, “estimate”, “plan”, “intend”, “assumption”, “focus”, “continue”, “should", "will” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences include, but are not limited to: 1) our strategy is subject to various risks and uncertainties and we may be unable to successfully implement our strategic plans, sustain or improve the operational and financial performance of our business groups, correctly identify or successfully pursue business opportunities or otherwise grow our business; 2) general economic and market conditions, general public health conditions (including its impact on our supply chains) and other developments in the economies where we operate, including the timeline for the deployment of 5G and our ability to successfully capitalize on that deployment ; 3) competition and our ability to effectively and profitably invest in existing and new high-quality products, services, upgrades and technologies and bring them to market in a timely manner; 4) our dependence on the development of the industries in which we operate, including the cyclicality and variability of the information technology and telecommunications industries and our own R&D capabilities and investments; 5) our dependence on a limited number of customers and large multi-year agreements, as well as external events impacting our customers including mergers and acquisitions; 6) our ability to maintain our existing sources of intellectual property-related revenue through our intellectual property, including through licensing, establishing new sources of revenue and protecting our intellectual property from infringement; 7) our ability to manage and improve our financial and operating performance, cost savings, competitiveness and synergies generally, expectations and timing around our ability to recognize any net sales and our ability to implement changes to our organizational and operational structure efficiently; 8) our global business and exposure to regulatory, political or other developments in various countries or regions, including emerging markets and the associated risks in relation to tax matters and exchange controls, among others; 9) our ability to achieve the anticipated benefits, synergies, cost savings and efficiencies of acquisitions; 10) exchange rate fluctuations, as well as hedging activities; 11) our ability to successfully realize the expectations, plans or benefits related to any future collaboration or business collaboration agreements and patent license agreements or arbitration awards, including income to be received under any collaboration, partnership, agreement or arbitration award; 12) Nokia Technologies' ability to protect its IPR and to maintain and establish new sources of patent, brand and technology licensing income and IPR-related revenues, particularly in the smartphone market, which may not materialize as planned, 13) our dependence on IPR technologies, including those that we have developed and those that are licensed to us, and the risk of associated IPR-related legal claims, licensing costs and restrictions on use; 14) our exposure to direct and indirect regulation, including economic or trade policies, and the reliability of our governance, internal controls and compliance processes to prevent regulatory penalties in our business or in our joint ventures; 15) our reliance on third-party solutions for data storage and service distribution, which expose us to risks relating to security, regulation and cybersecurity breaches; 16) inefficiencies, breaches, malfunctions or disruptions of information technology systems, or our customers’ security concerns; 17) our exposure to various legal frameworks regulating corruption, fraud, trade policies, and other risk areas, and the possibility of proceedings or investigations that result in fines, penalties or sanctions; 18) adverse developments with respect to customer financing or extended payment terms we provide to customers; 19) the potential complex tax issues, tax disputes and tax obligations we may face in various jurisdictions, including the risk of obligations to pay additional taxes; 20) our actual or anticipated performance, among other factors, which could reduce our ability to utilize deferred tax assets; 21) our ability to retain, motivate, develop and recruit appropriately skilled employees; 22) disruptions to our manufacturing, service creation, delivery, logistics and supply chain processes, and the risks related to our geographically-concentrated production sites; 23) the impact of litigation, arbitration, agreement-related disputes or product liability allegations associated with our business; 24) our ability to re-establish investment grade rating or maintain our credit ratings; 25) our ability to achieve targeted benefits from, or successfully implement planned transactions, as well as the liabilities related thereto; 26) our involvement in joint ventures and jointly-managed companies; 27) the carrying amount of our goodwill may not be recoverable; 28) uncertainty related to the amount of dividends and equity return we are able to distribute to shareholders for each financial period; 29) pension costs, employee fund-related costs, and healthcare costs; 30) our ability to successfully complete and capitalize on our order backlogs and continue converting our sales pipeline into net sales; 31) risks related to undersea infrastructure; and 32) the impact of the COVID-19 virus on the global economy and financial markets as well as our customers, supply chain, product development, service delivery, other operations and our financial, tax, pension and other assets, as well as the risk factors specified in our 2019 annual report on Form 20-F published on March 5, 2020 under "Operating and financial review and prospects-Risk factors" as supplemented by the form 6-K published on April 30, 2020 under the header “Risk Factors” and in our other filings or documents furnished with the U.S. Securities and Exchange Commission. Other unknown or unpredictable factors or underlying assumptions subsequently proven to be incorrect could cause actual results to differ materially from those in the forward-looking statements. We do not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

  • U.S. War on Huawei Begins to Turn After Europe’s Rough Year
    Bloomberg

    U.S. War on Huawei Begins to Turn After Europe’s Rough Year

    (Bloomberg) -- Huawei Technologies Co. has gone from a crucial component of U.K. and French mobile networks to potential outcast, after resistance and compromises began to give way to a relentless White House campaign.Both countries indicated this week that they’re taking steps to reduce their reliance on the Chinese company -- with the U.K. considering a phase out of Huawei’s role set to begin as soon as this year and French cybersecurity agency Anssi imposing a waiver system that’s likely to severely limit its use.Read more: France Begins to Sideline Huawei From Its Mobile NetworksA year ago, things were looking far more optimistic for the Chinese company. Britain’s intelligence and security committee said last July that barring Huawei would make networks less resilient to malicious attacks. The committee’s reasoning was that it would reduce competition and leave the U.K. dependent on just two suppliers -- Nokia Oyj and Ericsson AB.U.K. Prime Minister Boris Johnson attempted a compromise in January, allowing carriers to use Huawei equipment to build out their 5G systems as long as they capped it at 35% and agreed not to use it in sensitive network cores.But pressure from the U.S. has only increased and European governments and carriers have found themselves having to choose sides between two world powers. President Donald Trump’s administration has piled on sanctions, making it more and more difficult for European carriers to access products from the world’s biggest maker of telecommunications equipment.“Huawei’s R&D spending growth has been accelerating recently,” said Neil Campling, an analyst at Mirabaud Securities. “Their advances relative to the Western peers are significant, and so the U.S. is using everything it can in its political power -- whether that’s trade sanctions, official agreements, unofficial agreements - to try and slow China’s advances.”Huawei Vice President Victor Zhang urged the U.K. to assess the long-term impact of U.S. sanctions before deciding to exclude the company’s products.“It is too early to assess their long-term impact. This means it is also premature to make a considered judgment on our ability to deliver next-generation connectivity across the U.K.,” Zhang said in a call with reporters on Wednesday. “Now is not the time to be hasty in making such a critical decision about Huawei.” Huawei has consistently denied that it’s a security risk and that it operates independently of the Chinese government. Huawei spokesman Paul Harrison argued on Twitter that the U.S. is unfairly dictating U.K. policy with its sanctions and that they threaten the U.K.’s 5G rollout.Like the U.K. France tried to find a middle ground. In May 2019, Macron told Bloomberg Television he didn’t intend to capitulate to U.S. pressure, though the government had already restricted the amount and location of Huawei equipment used in its networks. As wireless carriers prepare to roll out 5G, the country will likely add additional restrictions on Huawei’s access.The Trump administration, which wanted Europe to ban Huawei outright because of concerns that the Shenzhen-based company’s equipment was vulnerable to infiltration by Chinese spies, hit back.Trump berated Johnson in a call after the U.K.’s announcement, a person familiar with the matter said at the time, and Vice President Mike Pence didn’t rule out that the clash could affect trade talks for post-Brexit Britain in a CNBC interview in February.Even U.S. House Speaker Nancy Pelosi weighed in, warning European allies in a security conference in Munich that month that it would be dangerous to rely on the company. And U.S. ambassador Richard Grenell tweeted that nations using an “untrustworthy vendor” for 5G risked intelligence sharing.Read more: How Huawei Landed at the Center of Global Tech Tussle: QuickTakeNow France has effectively shut out Huawei in all but name, by only allowing time-limited authorizations of between three and eight years for local telecoms providers to use Huawei equipment. The move poses a technical challenge for companies like Bouygues and SFR, which will now be forced to think twice before slotting Huawei 5G kit on top of their 4G systems if they face the risk of dismantling Chinese equipment in the near future.There are still European markets to be fought over. The German government is struggling to settle on rules that would require security certification for vendors in the 5G network. Earlier senior Chinese officials highlighted German car companies – the crown jewel of Europe’s biggest economy – as a potential target for retaliation if Huawei is banned from their markets.The fatal blow for Huawei’s relationship with Europe may have come in May when the U.S. banned the company from sourcing microchips that use American technology.The prevalence of chips that are made with or incorporate U.S. technology caused New Street Research analyst Pierre Ferragu to declare in May that “Huawei has 12 months left to live.”Those sanctions were so severe they prompted British security services to re-open their review of how secure and sustainable a supplier Huawei could be in national networks. That review has now been completed and sent to U.K. digital and culture secretary Oliver Dowden. He said they were “likely to have an impact on the viability of Huawei as a provider” and more details on the U.K.’s next steps will come soon.(Updates with Huawei comments in eighth 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.

  • Nokia shares fall on concerns over potential loss of Verizon business
    Reuters

    Nokia shares fall on concerns over potential loss of Verizon business

    Nokia, battling with China's Huawei and Sweden's Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth. Overnight, JP Morgan downgraded Nokia to "neutral" from "overweight", citing a potential loss of business with Verizon. "We believe that there is a real risk Verizon will depend less on Nokia as their primary RAN (radio access network) supplier going forward," JPM said in a note, adding there were signs Verizon was using Samsung.

  • Nokia Ramps Up Open RAN for Flexible Network Architecture
    Zacks

    Nokia Ramps Up Open RAN for Flexible Network Architecture

    Nokia's (NOK) investment in Open RAN gives assurance to communication service providers in adopting openness to secure the telecom supply chain.

  • Globe Newswire

    Nokia Corporation - Managers' transactions

    Nokia Corporation Managers’ transactions July 7, 2020 at 17:50 (CET +1) Nokia Corporation - Managers' transactionsTransaction notification under Article 19 of EU Market Abuse Regulation. ____________________________________________ Person subject to the notification requirement Name: Uitto, Tommi Position: Other senior manager Issuer: Nokia Corporation LEI: 549300A0JPRWG1KI7U06Notification type: INITIAL NOTIFICATION Reference number: 549300A0JPRWG1KI7U06_20200707165728_2 ____________________________________________Transaction date: 2020-07-07 Venue not applicable Instrument type: SHARE ISIN: FI0009000681 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATIONTransaction details (1): Volume: 15,083 Unit price:  N/AAggregated transactions (1): Volume: 15,083 Volume weighted average price:  N/AAbout 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.Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: press.services@nokia.com Katja Antila, Head of Media Relations

  • Globe Newswire

    Changes in Nokia Corporation's own shares

    Nokia Corporation Stock Exchange Release July 7, 2020 at 17:45 (CET +1)Changes in Nokia Corporation's own sharesEspoo, Finland – A total of 113 939 Nokia shares (NOKIA) held by the company were today transferred without consideration to participants of Nokia's equity-based incentive plans in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the plans as announced on February 6, 2020.   The number of own shares held by Nokia Corporation following the transfer is 31 888 008.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.Media Enquiries: Nokia Communications Tel. +358 (0) 10 448 4900 Email: press.services@nokia.com Katja Antila, Head of Media Relations

  • Nokia to add open interfaces to its telecom equipment
    Reuters

    Nokia to add open interfaces to its telecom equipment

    The new technology, dubbed Open Radio Access Network (Open RAN), aims to reduce reliance on any one vendor by making every part of a telecom network interoperable and allowing operators to choose different suppliers for different components. As part of the implementation plan, Nokia plans to deploy Open RAN interfaces in its baseband and radio units, a spokesman said.

  • Globe Newswire

    Nokia accelerates availability of Open RAN technology to lead the open mobile future

    Press ReleaseNokia accelerates availability of Open RAN technology to lead the open mobile future    * Nokia Open RAN (O-RAN) solutions will deliver world-class performance and security to the O-RAN ecosystem * Availability this year with full suite of O-RAN-defined interfaces expected in 2021. * Combined with the recently announced Nokia's 5G AirScale Cloud RAN in vRAN 2.0 configuration, with full baseband in cloud, CSPs can build a flexible network architecture that maximizes performance, efficiency, and scalability * Nokia's leadership in O-RAN R&D demonstrates commitment to an open innovation ecosystem and robust telecom supply chain * Nokia is the only global RAN supplier fully committed to O-RAN with commercial 5G Cloud-RAN networks  7 July 2020Espoo, Finland – Nokia today announced that it is enhancing its industry leadership in open solutions by rapidly ramping up the adoption of Open RAN (O-RAN) interfaces in its AirScale portfolio. This enhancement to its radio access network (RAN) portfolio aims to enable an open ecosystem of innovation and a robust telecom supply chain, while ensuring world-class network performance and security. These new O-RAN capabilities, which include open interfaces, will be built on top of Nokia’s existing AirScale software, providing the same high-level performance, expansive functionalities and robust security standards of Nokia's current radio products. By taking the approach of building the open interfaces on top of its existing solutions, Nokia is helping to prepare for the network architecture of the future, regardless if CSPs choose to pursue an O-RAN path or not. An initial set of O-RAN functionalities will become available this year, while the full suite of O-RAN-defined interfaces is expected to be available in 2021. As the only global RAN provider to commit to O-RAN, Nokia's accelerated investment in and firm commitment to O-RAN provides CSPs as well as regulators and political decision-makers with greater assurance that they can embrace openness to secure their telecom supply chain, without concerns about the competitiveness and/or security of their 5G infrastructure. Nokia has already made significant investments in O-RAN by leading the early deployment of the RAN Intelligent Controller (RIC) and the open fronthaul.Nokia also recently announced the next generation of its AirScale Cloud RAN portfolio. As Nokia's solutions utilize the same software trunk across RAN, Cloud RAN and O-RAN, Nokia customers will benefit from the ultimate flexibility to define their network architecture without sacrificing network features, performance, or security.Tommi Uitto, President of Mobile Networks at Nokia, said: "Nokia is committed to leading the open mobile future by investing in Open RAN and Cloud RAN solutions with the aim of enabling a robust telecom ecosystem with strong network performance and security. Nokia’s Cloud RAN solution leads the market and is continuing to evolve to a cloud-native architecture. We have ​the scale and capabilities to address the increased customer demand for this technology, underpinned by the world-class network performance and security that only Nokia can deliver."  Joe Madden, Principal Analyst at Mobile Experts, said: "Several operators have now committed to Open RAN,  due to the enhanced flexibility that O-RAN can bring. New operators are fully committing to Open RAN and alternative hardware vendors throughout their networks, and legacy operators are using O-RAN to create opportunities for innovative new products to fit into their complex networks. This overall trend strengthens the ecosystem and allows for specialty radios to address the infinite variety of real-world applications. Nokia is the only major vendor that has fully committed to actively developing the O-RAN interfaces, ensuring that its 5G RAN solutions will support the future open ecosystem the operators are seeking."Resources Webpage: Open RANAbout 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.Media Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.comRisks and forward-looking statementsIt should be noted that Nokia and its businesses are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements regarding: A) expectations, plans or benefits related to our strategies, growth management and operational key performance indicators; B) expectations, plans or benefits related to future performance of our businesses and any expected future dividends including timing and qualitative and quantitative thresholds associated therewith; C) expectations and targets regarding financial performance, cash generation, results, the timing of receivables, operating expenses, taxes, currency exchange rates, hedging, cost savings, product cost reductions and competitiveness, as well as results of operations including targeted synergies, better commercial management and those results related to market share, prices, net sales, income and margins; D) expectations, plans or benefits related to changes in organizational and operational structure; E) expectations regarding competition within our market, market developments, general economic conditions and structural and legal change globally and in national and regional markets, such as China; F) our ability to integrate acquired businesses into our operations and achieve the targeted business plans and benefits, including targeted benefits, synergies, cost savings and efficiencies; G) expectations, plans or benefits related to any future collaboration or to business collaboration agreements or patent license agreements or arbitration awards, including income to be received under any collaboration or partnership, agreement or award; H) timing of the deliveries of our products and services, including our short term and longer term expectations around the rollout of 5G, investment requirements with such rollout, and our ability to capitalize on such rollout; as well as the overall readiness of the 5G ecosystem; I) expectations and targets regarding collaboration and partnering arrangements, joint ventures or the creation of joint ventures, and the related administrative, legal, regulatory and other conditions, as well as our expected customer reach; J) outcome of pending and threatened litigation, arbitration, disputes, regulatory proceedings or investigations by authorities; K) expectations regarding restructurings, investments, capital structure optimization efforts, uses of proceeds from transactions, acquisitions and divestments and our ability to achieve the financial and operational targets set in connection with any such restructurings, investments, capital structure optimization efforts, divestments and acquisitions, including our current cost savings program; L) expectations, plans or benefits related to future capital expenditures, reduction of support function costs, temporary incremental expenditures or other R&D expenditures to develop or rollout software and other new products, including 5G and increased digitalization; M) expectations regarding our customers' future capital expenditure constraints and our ability to satisfy customer concerns; and N) statements preceded by or including “believe”, “expect”, “expectations”, “consistent”, “deliver”, “maintain”, “strengthen”, “target”, “estimate”, “plan”, “intend”, “assumption”, “focus”, “continue”, “should", "will” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences include, but are not limited to: 1) our strategy is subject to various risks and uncertainties and we may be unable to successfully implement our strategic plans, sustain or improve the operational and financial performance of our business groups, correctly identify or successfully pursue business opportunities or otherwise grow our business; 2) general economic and market conditions, general public health conditions (including its impact on our supply chains) and other developments in the economies where we operate, including the timeline for the deployment of 5G and our ability to successfully capitalize on that deployment ; 3) competition and our ability to effectively and profitably invest in existing and new high-quality products, services, upgrades and technologies and bring them to market in a timely manner; 4) our dependence on the development of the industries in which we operate, including the cyclicality and variability of the information technology and telecommunications industries and our own R&D capabilities and investments; 5) our dependence on a limited number of customers and large multi-year agreements, as well as external events impacting our customers including mergers and acquisitions; 6) our ability to maintain our existing sources of intellectual property-related revenue through our intellectual property, including through licensing, establishing new sources of revenue and protecting our intellectual property from infringement; 7) our ability to manage and improve our financial and operating performance, cost savings, competitiveness and synergies generally, expectations and timing around our ability to recognize any net sales and our ability to implement changes to our organizational and operational structure efficiently; 8) our global business and exposure to regulatory, political or other developments in various countries or regions, including emerging markets and the associated risks in relation to tax matters and exchange controls, among others; 9) our ability to achieve the anticipated benefits, synergies, cost savings and efficiencies of acquisitions; 10) exchange rate fluctuations, as well as hedging activities; 11) our ability to successfully realize the expectations, plans or benefits related to any future collaboration or business collaboration agreements and patent license agreements or arbitration awards, including income to be received under any collaboration, partnership, agreement or arbitration award; 12) Nokia Technologies' ability to protect its IPR and to maintain and establish new sources of patent, brand and technology licensing income and IPR-related revenues, particularly in the smartphone market, which may not materialize as planned, 13) our dependence on IPR technologies, including those that we have developed and those that are licensed to us, and the risk of associated IPR-related legal claims, licensing costs and restrictions on use; 14) our exposure to direct and indirect regulation, including economic or trade policies, and the reliability of our governance, internal controls and compliance processes to prevent regulatory penalties in our business or in our joint ventures; 15) our reliance on third-party solutions for data storage and service distribution, which expose us to risks relating to security, regulation and cybersecurity breaches; 16) inefficiencies, breaches, malfunctions or disruptions of information technology systems, or our customers’ security concerns; 17) our exposure to various legal frameworks regulating corruption, fraud, trade policies, and other risk areas, and the possibility of proceedings or investigations that result in fines, penalties or sanctions; 18) adverse developments with respect to customer financing or extended payment terms we provide to customers; 19) the potential complex tax issues, tax disputes and tax obligations we may face in various jurisdictions, including the risk of obligations to pay additional taxes; 20) our actual or anticipated performance, among other factors, which could reduce our ability to utilize deferred tax assets; 21) our ability to retain, motivate, develop and recruit appropriately skilled employees; 22) disruptions to our manufacturing, service creation, delivery, logistics and supply chain processes, and the risks related to our geographically-concentrated production sites; 23) the impact of litigation, arbitration, agreement-related disputes or product liability allegations associated with our business; 24) our ability to re-establish investment grade rating or maintain our credit ratings; 25) our ability to achieve targeted benefits from, or successfully implement planned transactions, as well as the liabilities related thereto; 26) our involvement in joint ventures and jointly-managed companies; 27) the carrying amount of our goodwill may not be recoverable; 28) uncertainty related to the amount of dividends and equity return we are able to distribute to shareholders for each financial period; 29) pension costs, employee fund-related costs, and healthcare costs; 30) our ability to successfully complete and capitalize on our order backlogs and continue converting our sales pipeline into net sales; 31) risks related to undersea infrastructure; and 32) the impact of the COVID-19 virus on the global economy and financial markets as well as our customers, supply chain, product development, service delivery, other operations and our financial, tax, pension and other assets, as well as the risk factors specified in our 2019 annual report on Form 20-F published on March 5, 2020 under "Operating and financial review and prospects-Risk factors" as supplemented by the form 6-K published on April 30, 2020 under the header “Risk Factors” and in our other filings or documents furnished with the U.S. Securities and Exchange Commission. Other unknown or unpredictable factors or underlying assumptions subsequently proven to be incorrect could cause actual results to differ materially from those in the forward-looking statements. We do not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.

  • Nokia Powers Airtel's Open Cloud-Based VoLTE Network in India
    Zacks

    Nokia Powers Airtel's Open Cloud-Based VoLTE Network in India

    Nokia's (NOK) VoLTE solution enables Airtel to free up the spectrum by ramping down its 3G network. This will help the operator utilize an extra spectrum to deploy 4G services.

  • Globe Newswire

    Airtel deploys India’s largest open cloud-based VoLTE network with Nokia software products

    Press ReleaseFINALAirtel deploys India’s largest open cloud-based VoLTE network with Nokia software products      ·As part of its cloudification strategy, Airtel will deploy Nokia’s CloudBand Infrastructure Software 6 July 2020 Espoo, Finland – Nokia today announced that its CloudBand-based software products are powering Bharti Airtel’s (“Airtel”) Voice over LTE (VoLTE) network in India. The network supports over 110 million customers, making it the largest cloud-based VoLTE network in India and the largest Nokia-run VoLTE in the world. The cloud-based VoLTE deployment allows Airtel to provide its mobile customers faster and more reliable, cost-efficient call connectivity. The solution, which has been deployed to cover all 22 telecom service areas in India, uses Commercial Off-the-Shelf IT hardware with cloud-based Virtual Network Functions (VNFs), which consumes much less power and space compared to the traditional 2G/3G Circuit Switched legacy core. Nokia’s VoLTE solution enables Airtel to free up spectrum by ramping down its 3G network, allowing the operator to utilize the freed up spectrum to deploy 4G/LTE services for better speed and capacity.As part of its cloudification strategy, Airtel will also deploy Nokia’s CloudBand Infrastructure Software with the aim to create new revenue opportunities for 5G and internet-connected devices. As a vendor-agnostic, multi-technology and multi-domain platform, CloudBand will enable Airtel to lay the foundation for 5G networks and deliver new digital services with greater ease, flexibility and agility and ensure a reliable and high-performing network for delivering improved customer experience.CloudBand is an open, scalable, flexible platform that will allow Airtel to adapt network capacity in accordance with changing consumption patterns in real-time and in a cost-efficient manner. Nokia multi-cloud management solutions with analytical capabilities will also simplify operations for Airtel and allow the operator to design a network architecture that suits its needs and deliver new capabilities across mobility, enterprise, and telemedia business lines for its customers.Randeep Sekhon, CTO of Bharti Airtel, said: “We are delighted to deepen our strategic partnership with Nokia to build a future ready and agile network. The country’s largest open cloud based VoLTE network is a major milestone in Airtel’s journey. Our objective is to reap the benefits of cloud solutions to simplify our architecture and enable faster delivery of innovative services, ultimately delivering an enhanced customer experience.”Bhaskar Gorti, President of Nokia Software and Nokia Chief Digital Officer, said: “Nokia is very pleased to expand our partnership and support Airtel’s digital transformation journey. Nokia’s carrier-grade cloud software solutions drive simplicity and flexibility and will further strengthen Airtel’s solid 5G network foundation and transition to innovative digital solutions that are customer and experience centric.”   Additional Resources Webpage: Nokia CloudBandAbout 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.Media Inquiries Communications Phone: +358 (0) 10 448 4900 E-mail: press.services@nokia.com

  • Nokia Expands Network Capacity With Djezzy Collaboration
    Zacks

    Nokia Expands Network Capacity With Djezzy Collaboration

    Nokia (NOK) collaborates with Djezzy to showcase impressive multi-gigabit network capacity of up to 8.5Gbps, leveraging its Wavence microwave transport solution in Algeria.

  • Nokia to unveil breakthrough innovation in data center networking #TheSwitchisOn
    Globe Newswire

    Nokia to unveil breakthrough innovation in data center networking #TheSwitchisOn

    Media AdvisoryNokia to unveil breakthrough innovation in data center networking TheSwitchisOn           * Company to host virtual event: “The Switch is on,” Thursday, July 9, 2020, 9 a.m. – 10 a.m. Pacific Time (PT)   * Nokia President of IP and Optical Networks, Basil Alwan, to share company news about a new era of data center networking2 July 2020Espoo, Finland – Nokia will host a webcast to announce a new era in data center networking that will offer cloud builders an unprecedented ability to adapt, automate and scale. “The Switch is on” event runs Thursday, July 9 from 9:00 – 10:00 a.m. Pacific Time (PT), and will include presentations by Nokia senior leaders.To attend this event, please register here. 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.Media Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com

  • Ericsson Powers Taiwan 5G Ecosystem With Chunghwa Telecom
    Zacks

    Ericsson Powers Taiwan 5G Ecosystem With Chunghwa Telecom

    Ericsson (ERIC) partners with Chunghwa Telecom to capitalize on its technological prowess and deploy seamless 5G network technology with advanced solutions for better customer experience.

  • Telecom Stock Roundup: Verizon Boycotts Facebook Ads, Nokia Inks New 5G Deal & More
    Zacks

    Telecom Stock Roundup: Verizon Boycotts Facebook Ads, Nokia Inks New 5G Deal & More

    While Verizon (VZ) boycotts advertising campaigns in the social media platform of Facebook, Nokia (NOK) secures 5G deal with Taiwan Mobile.

  • 3 Great Stocks Under $10
    Motley Fool

    3 Great Stocks Under $10

    While it's true that a stock's performance should be relatively in line with the company's, ultimately, the dollar value of a share is a function of both the company's underlying results and how many shares have been issued. In this day and age of mobile broadband, it seems rather amazing that a hardware-specific, subscription-based satellite radio business can thrive. The company's revenue growth has been just as reliable for longer.

  • Nokia (NOK) to Power Taiwan Mobile With Exclusive 5G Deal
    Zacks

    Nokia (NOK) to Power Taiwan Mobile With Exclusive 5G Deal

    Nokia's (NOK) 5G portfolio will scale up Taiwan Mobile's legacy network infrastructure within dynamic cloud environments, with a sharp focus on scalability, automation and performance.

  • Globe Newswire

    Nokia and Djezzy implement ultra-high network capacity technology to meet growing mobile traffic demand

    Press ReleaseNokia and Djezzy implement ultra-high network capacity technology to meet growing mobile traffic demand * Nokia Wavence solution for carrier aggregation supports increased traffic demand ahead of 5G rollouts30 June 2020 Espoo, Finland – Nokia today announced that it has successfully completed a trial with Algerian mobile operator Djezzy, using microwave carrier aggregation technology to support increased demand for capacity. The trial utilized Nokia’s Wavence microwave transport solution with an ultra-high capacity of 8.5Gbps over a distance of nearly 6 kilometers. With its reduced latency and high capacity, the solution will allow Djezzy to deliver compelling experiences to its 14.2 million subscribers.  During the trial, which took place in the city of Sétif earlier this year, capacity was increased from 3.5Gbps to 8.5 Gbps and covered a distance of 5.7 kilometers, demonstrating how carrier aggregation technology can be utilized to support ever-increasing demands for data. This will become increasingly important as Djezzy prepares to cope with traffic growth and 4G densification.The trial also marks yet another milestone for Nokia in reaching such multi-gigabit capacity on a microwave radio link. The Nokia Wavence solution, which was used in the trial, offers innovative, high-capacity ultra-broadband transceivers to support operators as they transition to 5G networks. It also supports backhaul and fronthaul evolution with multi-gigabit capacity and low-latency transport with industry-leading levels of transmitted power. Eric Bourland, Chief Digital and Technology Officer at Djezzy Algeria, said: “This is an important trial that delivers ultra-high capacity granting Djezzy a solid solution for Mobile Backhaul. We believe this fast deployment of microwave carrier aggregation will help us achieve our goal of boosting eMBB. It also allows us to improve our network capacity in order to meet the growing mobile traffic demand in Algeria.”Giuseppe Targia, VP MN Transport Business Unit, Mobile Networks at Nokia, said: “This trial demonstrates how carrier aggregation technology can be utilized to support the ever-increasing demands for data, particularly at a time when connectivity is so crucial. We are delighted to continue our strong partnership with Djezzy on this project and will continue to work with it hand-in-hand to deliver innovative microwave solutions that support its business targets.”Resources: * Webpage : Nokia WavenceAbout 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.Media Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.comAbout Djezzy Djezzy is an Algerian Telecommunications operator that was established in July 2001. The company provides a wide range of services such as prepaid, postpaid, data as well as value-added services. Djezzy covers 95% of the population and its 3G services have been deployed in 48 Algerian provinces or wilayas. Djezzy launched its 4G services on in 2016 which today covers 38 wilayas with the commitment to cover more by 50% by 2021. Djezzy is part of the VEON group, an international communication and technology company guided by a vision built on entrepreneurial roots and whose values ​​are based on customer satisfaction, innovation, partnership and transparency. For more information follow us on Twitter @djezzyofficial or Facebook or at our website www.djezzy.dz. Contacts: Media and Public Relations Djezzy.media@otalgerie.com

  • Nokia (NOK) Gains But Lags Market: What You Should Know
    Zacks

    Nokia (NOK) Gains But Lags Market: What You Should Know

    In the latest trading session, Nokia (NOK) closed at $4.35, marking a +0.23% move from the previous day.

  • Globe Newswire

    Nokia wins exclusive Taiwan Mobile 5G deal

    Press ReleaseNokia wins exclusive Taiwan Mobile 5G deal * Nokia selected as single vendor for 5G RAN, Core and IMS in three-year deal   * Continues long-standing partnership into 5G era * Taiwan Mobile pursuing 5G strategy focused on digital transformation and sustainability 29 June 2020Espoo, Finland – Nokia today announced that it has been selected by Taiwan Mobile (TWM) as the sole supplier of its 5G network in a three-year framework deal worth approximately 400 million euros. The initial phase of the deal, which includes 5G RAN, 5G Core and 5G IMS, begins this month with the deployment of 5G non-standalone with the aim of migrating to 5G standalone within a three-year period. Nokia is a long-standing partner of TWM and will support the company in its efforts to execute its ‘Super 5G strategy’ which is focused on sustainability and digital transformation.  The deal will see Nokia provide its 5G RAN portfolio including its Nokia AirScale Radio Access products that will enable TWM to deliver market-leading 5G experiences to subscribers with ultra-low latency, connectivity and capacity. AirScale Radio Access is an industry-first commercial end-to-end 5G solution enabling operators to capitalize early on 5G. Nokia will also provide its AirScale Micro Remote Radio Head (RRH) solution which will enable TWM to meet the demand for capacity and reliable coverage where it is needed both indoors and outdoors with the lowest total cost of ownership. Nokia will also provide digital design and deployment for a faster time to market as well as optimization and technical support services.Taiwan Mobile will utilize several Nokia Software solutions spanning cloud and security services, as well as network optimization and management for 5G RAN, 5G Core and 5G IMS. Network functions and applications will be deployed on top of Nokia’s CloudBand Infrastructure Software and Application Manager and Network Director cloud management products; Radio network optimization will be managed with EdenNet Self-Organizing Networks and Nokia Performance Manager. NetAct Network Management is being deployed to operate the infrastructure, and Archive Cloud will be deployed to support business continuity requirements. Nokia’s 5G Core portfolio will provide TWM with a solid foundation to run at scale within dynamic cloud environments, with a sharp focus on scalability, automation and performance to quickly deliver new digital services that leverage the full capabilities 5G has to offer. 5G standalone core network functions selected by TWM include Unified Data Management, Signalling and network functions provided by Nokia’s Cloud Packet Core portfolio, including the Access and Mobility Management Function, User Plane Function, Session Management Function, Network Function Repository Function and the Network Slice Selection Function and Policy Control Function. Nokia is providing its Traffica analytics solution for 5GC. Network Exposure function is also included for future 5G application innovation and business mode evolution.Nokia is a longstanding partner of TWM and has previously provided its 2G, 3G and 4G mobile networks. Nokia has made several key contributions to TWM’s 5G development including a demonstration of a 5G network with extended coverage at the Xinzhuang Baseball Stadium in New Taipei City. In the 5G era, TWM is repositioning itself as a next-generation technology company focusing on telecommunications, the Internet, media and entertainment, and e-commerce with a clear emphasis on sustainability. They claimed 60MHz in the 3.5GHz band and 200MHz in the 28GHz band in the country’s spectrum auction in January. Nokia has a long-standing commitment to sustainability. In 2019, the company delivered zero-emission products to over 150 customers worldwide and is committed to decreasing emissions from its operations by 41 percent by 2030. Last year, Nokia joined a group of 87 companies at the United Nations climate summit in committing to recalibrate its existing science-based climate targets in line with the 1.5°C warming scenario.Jamie Lin, President at Taiwan Mobile said: “We are pleased to join forces with Nokia again in the 5G era. After the successful launch of 5G, both sides will continue to advance deployment and provide the best coverage and connectivity experiences in the market. More importantly, the two companies will work together to promote our "Super 5G Strategy," which integrates multiple vertical applications including smart e-commerce, smart stadium, smart healthcare and smart manufacturing. This approach is designed to build a thriving ecosystem that will create new possibilities for every user and enterprise in the 5G era!”  Tommi Uitto, President of Mobile Networks at Nokia, said: “We have enjoyed a long-standing partnership with Taiwan Mobile, supporting them in the delivery of 2G, 3G, 4G networks and we look forward to continuing this in the 5G era as their sole supplier. Our end-to-end portfolio, global reach and commitment to a more sustainable world will help Taiwan Mobile execute its ambitious 5G strategy and plans for a fast roll-out.”Resources: Webpage : Nokia AirScaleWebpage : Nokia 5G RANWebpage : Nokia AirScale Micro RRHWebpage : Nokia NetActWebpage: Nokia Cloud CoreAbout 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.Media Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com

  • Nokia Unveils Software to Help Operators Expand 5G Footprint
    Zacks

    Nokia Unveils Software to Help Operators Expand 5G Footprint

    Nokia's (NOK) Digital Operations Center enables communication service providers to deliver network slices through closed-loop automation.

  • Bloomberg

    U.S. Gains Ground in Effort to Freeze Huawei Out of 5G

    (Bloomberg) -- The U.S. campaign to hamstring China’s Huawei Technologies Co. is gaining fresh impetus as the Trump administration chokes off supplies of vital microchips and Beijing causes dismay on both sides of the Atlantic with its stance on Hong Kong and the coronavirus.The U.K. is reconsidering its embrace of Huawei while carriers in Denmark and Singapore have chosen other providers for their telecommunications networks. Meanwhile, Germany and France are reassessing the role of the company that the U.S. accuses of theft, sanctions busting and providing an avenue for espionage.Only months ago, the U.S. was struggling to persuade its allies not to use Huawei’s equipment. But in May, Washington moved to handcuff Huawei to outdated technology by denying it chips made with U.S. techniques. The change could turn Huawei into a permanent laggard, unable to update and maintain cutting-edge 5G networks that will be communications backbones for decades to come.At the same time, politics have been unkind to Huawei’s ambitions. Officials in Europe and the U.S. have criticized China over its handling of the Covid-19 pandemic. And Beijing drew condemnation for preparing national security laws for Hong Kong, a step seen as a threat to the city’s autonomy.“Two years ago no one worried about buying Huawei - that’s not true any more,” said James Lewis, director of the technology policy program at the Center for Strategic & International Studies in Washington. He sees “some progress,” in swaying other countries to ban Huawei “although well short of a total ban.”President Donald Trump is boasting of success, saying in a recent interview with the Wall Street Journal, “Look how tough I’ve been on Huawei. Nobody has been tougher than me.”The U.S. says Huawei is a threat to security for the fifth-generation, or 5G, wireless systems that are beginning to be deployed around the world. The networks promise speed and ubiquity: a thick forest of always-on links to billions of devices in homes, factories, surgical suites and autonomous vehicles. As more and more devices and networks are connected, vulnerability to hacking or espionage grows apace.Because Huawei is subject to control by China’s ruling Communist Party, it can be compelled by law to cooperate with the country’s security apparatus, and has been implicated in espionage, according to the State Department. The Pentagon chimed in Wednesday, sticking Huawei on a list of 20 companies it says are owned or controlled by China’s military, opening them up to potential new US. sanctions.Rob Manfredo, a U.S.-based spokesman for Huawei, didn’t respond to a request for comment.Huawei has denied allegations of spying, saying it would lose customers if it weren’t trustworthy. The Shenzhen-based company says it’s a private business that can’t be directed by Beijing, and that no Chinese law requires private national companies to engage in cyber-espionage.Chip BanThe Commerce Department’s ban in May of the sale of any silicon made with U.S. know-how was a potentially crippling blow to China’s tech champion. Huawei’s stockpiles of certain self-designed chips essential to telecom equipment will run out by early 2021, people familiar with the matter have said. While Huawei can buy off-the-shelf or commodity mobile chips from a third party like Samsung Electronics Co., it couldn’t possibly get enough and may have to make costly compromises on performance in basic products, they added.The chip restrictions add “uncertainty and potential costs” that could leave Huawei unable to meet commitments to build and maintain networks, said Robert Williams, executive director of the Paul Tsai China Center at Yale Law School. “The trade-offs between cost and security risks may look different now than they once did to the U.K.”Huawei’s position is sharply contested in Britain.The U.K. in January barred Huawei from sensitive core network components and high-risk areas like nuclear-power sites, but said the Chinese company could still constitute as much as 35% of networks’ 5G and fiber equipment elsewhere.That prompted an angry phone call from Trump to U.K. Prime Minister Boris Johnson. The Trump administration has said any country that uses an “untrustworthy” 5G vendor jeopardizes intelligence sharing with the U.S. That would strike at the heart of the traditional “Five Eyes” security alliance linking the U.S. and U.K., along with Australia, Canada, and New Zealand to cooperate on espionage.The U.K.’s January decision also triggered a rebellion of junior lawmakers in Johnson’s Conservative Party. Since then, Hong Kong and Covid-19 have helped to harden their stance.U.K. government officials now are seeking ways to phase the company out in as little as three years.“There’s been a pretty effective relentless American campaign,” said Sam Armstrong, spokesman for the Henry Jackson Society, a London-based policy group that has argued for blocking Huawei from the U.K.’s 5G networks. “The evidence in Parliament and the threats to Five Eyes intelligence-sharing arrangements have all contributed to a sense that this has had a seriously undermining effect on our trans-Atlantic relationship.”Despite the storm clouds obscuring its future in the U.K., Huawei committed Thursday to invest $1.2 billion in a research and development center near the English city of Cambridge, drawing criticism from a former leader of the ruling Conservative party. It said the timing was coincidental and the plans had been in the works for years. Growing TensionThe issue is fraught in other European countries, too. The company is losing luster in Europe after winning contracts across the continent, said John Strand, a consultant based in Copenhagen.“Around Europe, there is a growing focus on the use of Chinese equipment including Huawei,” Strand said in an interview. “When it comes to Hong Kong, it obviously has an impact.”Strand predicted other countries would follow paths such as those taken by Denmark, where the biggest phone company TDC A/S in March chose Stockholm-based Ericsson AB to build its 5G network, rather that its existing supplier Huawei. Earlier, Energy Minister Lars Christian Lilleholt highlighted security considerations for 5G, without mentioning Huawei.Such moves would represent a change of momentum for a beleaguered U.S. campaign, said Justin Sherman, a fellow at the Atlantic Council’s cyber-statecraft initiative.“There are many countries that have not done what the U.S. wanted,” including Germany, France and Italy, Sherman said. “There’s legitimate reason to be concerned about Huawei’s position on the 5G networks,” he said.U.S. diplomats say Ericsson and Finland’s Nokia Oyj build 5G gear and can be alternatives to Huawei. The European providers have struggled to compete with Huawei and ZTE Corp. equipment that’s often cheaper and at least as capable.“5G systems carry the most private information and intellectual property. It comes down to one question: Who do you trust?” Keith Krach, the U.S. undersecretary of state for economic affairs, said in an interview. “People are realizing that Huawei’s 5G is the backbone of that surveillance state.”U.S. officials point to progress in persuading allies, citing the European Union’s January adoption of a policy that said companies based in non-democratic countries could be excluded from parts of the network. The EU stopped short of an outright ban on Huawei.The German government is struggling to settle on rules that would require security certification for vendors in the 5G network. Earlier senior Chinese officials highlighted German car companies – the crown jewel of Europe’s biggest economy – as a potential target for retaliation if Huawei is banned from their markets. China is the biggest single market for Volkswagen AG, BMW AG and Mercedes-Benz maker Daimler AG. German Chancellor Angela Merkel has resisted a blanket ban on Huawei from 5G networks.France won’t ban any equipment maker from its 5G network, but will seek to protect critical infrastructure, finance minister Bruno Le Maire said earlier this year. With a spectrum auction set for September, carriers including Bouygues SA await a decision from the French cyber security agency Anssi on whether Huawei can be part of their plans. In a tweet earlier this week, U.S. Secretary of State Mike Pompeo praised France’s leading phone company Orange SA, calling it a “clean” telecom carrier after it picked “trusted” 5G equipment suppliers Nokia and Ericsson in January.Italy hasn’t moved against Huawei, though it has adopted rules to closely monitor telecommunications equipment suppliers, and scrutinize gear that comes from outside Europe. Italy has pursued a friendly approach with Chinese investors and especially with Huawei, which has poured money into the country, financing research centers, universities and schools.In Canada, Prime Minister Justin Trudeau has been stalling a decision on whether to ban Huawei from 5G wireless networks. Tensions between the two countries have been rising since Canadian authorities arrested Huawei Chief Financial Officer Meng Wanzhou on a U.S. extradition request in late 2018. After her arrest, China put two Canadian citizens in jail, halted billions of dollars in Canadian imports and put two other Canadians on death row. On June 2, two major Canadian wireless companies -- BCE Inc. and Telus Corp. -- said they’d build out their 5G wireless networks with equipment from Ericsson and Nokia.India has allowed Huawei to participate in trials, but the company’s entry into the country’s 5G commercial network could be blocked as tensions persist following border clashes with China. India is the largest wireless market outside China by number of subscribers, and has been a focus for investment by Huawei.“The tide is turning against Huawei as citizens around the world are waking up to the danger of the Chinese Communist Party’s surveillance state,” Pompeo said in a statement Wednesday.(Updates to add reference to U.K. development site in 19th paragraph. An earlier version of this story was corrected to fix the spelling of Huawei in fourth 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.

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