Nokia Corporation Sponsored American Depositary Shares (NOK) Company Bio
Nokia offers network infrastructure software, hardware and services as well as maps, a location platform, and location experiences across different screens and operating systems. The company was founded in 1865 and is based in Espoo, Finland.
Nokia has teamed up with Google Cloud to develop 5G core network infrastructure and enable business customers to offer a platform for smart retail, automated manufacturing, and other online consumer experiences. As part of the partnership, Google (GOOGL) Cloud will provide the platform for communications service providers (CSPs) to modernize their network infrastructures and unlock monetization opportunities by boosting 5G connectivity and providing new online services for consumers. The platform will also ease shifting workloads across public and private clouds.Meanwhile, Nokia (NOK) will supply its voice core, cloud packet core, network exposure function, data management, signaling, and 5G core.
T-Mobile has inked five-year, multi-billion-dollar agreements with both Ericsson and Nokia to help the mobile carrier accelerate and expand its 5G footprint. T-Mobile (TMUS) said that the deals are built on last year’s merger with Sprint, and will add more 5G coverage, capacity, speed and advanced technical capabilities such as 5G carrier aggregation across all of its spectrum bands. As part of the agreement, Ericsson will supply equipment, software, and related services, including active and passive antennas. Furthermore, T-Mobile will use Nokia’s (NOK) AirScale radio platform to deploy an ultra capacity 5G layer with 2.5GHz massive MIMO technology.