Financial Performance - Nokia's net sales for 2024 were EUR 19,220 million, a decline of 9% from EUR 21,138 million in 2023[34]. - The gross profit increased to EUR 8,864 million, resulting in a gross margin of 46.1%, up from 40.4% in 2023[34]. - The operating profit for 2024 was EUR 1,999 million, with an operating margin of 10.4%, compared to 7.9% in 2023[34]. - Free cash flow for the year reached EUR 2,021 million, significantly higher than EUR 665 million in 2023[34]. - Nokia's patent licensing revenue increased by 78% to EUR 1,928 million, with segment operating profit rising by 106% to EUR 1,514 million[199]. - In 2024, Nokia's Network Infrastructure net sales declined by 6% year-on-year, but the segment achieved an operating margin of 11.7% due to focused cost management[155]. - Mobile Networks' net sales decreased by 21% year-on-year to EUR 7.7 billion, yet the segment maintained an operating margin of 5.3% through improved cost competitiveness and execution[172]. - Nokia's net sales decreased by 6% year-on-year, while segment operating margin slightly increased[183]. Corporate Governance and Compliance - The company is classified as a large accelerated filer under the Securities Exchange Act[7]. - Nokia's financial statements are prepared in accordance with International Financial Reporting Standards[9]. - The company has filed all required reports under Section 13 or 15(d) of the Exchange Act during the preceding 12 months[5]. - Nokia's annual report was filed with the SEC on March 13, 2025, for the fiscal year ended December 31, 2024[2]. - The company has confirmed the effectiveness of its internal control over financial reporting as per Section 404(b) of the Sarbanes-Oxley Act[8]. - There were no error corrections or restatements required for previously issued financial statements[8]. - Nokia has not indicated any unresolved staff comments in its filings[10]. Strategic Initiatives and Market Position - Nokia's strategy focuses on technology leadership and collaboration with customers to enhance impact and drive growth[25]. - The company emphasizes ongoing cost savings programs aimed at improving operational efficiency and financial performance[21]. - Future performance expectations include targeted synergies related to market share, prices, net sales, income, and margins[21]. - Nokia is actively involved in market expansion and developing new products and technologies to maintain competitiveness[21]. - The company is addressing risks and uncertainties that could affect its business operations and financial results[22]. - Nokia's business groups include Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies, each contributing to overall performance[23]. - The company has a commitment to sustainability and corporate responsibility as part of its strategic objectives[22]. - Nokia's strategy includes six pillars aimed at sustainable, profitable growth, focusing on expanding its enterprise business and leveraging technological leadership[82][85]. - The company is increasing operational autonomy for its business groups to better address market opportunities and implement new business models[97]. Research and Development - Nokia's R&D centers focus on network fundamentals, automation, semiconductors, and AI, with a commitment to sustainable technologies[104]. - The company achieved a world record transmission rate of over 300 GBaud/s on a single wavelength carrier and a 50,000x acceleration in fiber sensing[111]. - Nokia's UNEXT initiative aims to create a unified networking experience, with a prototype demonstrating foundational capabilities launched in 2024[110]. - Nokia Bell Labs signed a multi-year research agreement with Vale to implement an AI-based mining program aimed at boosting productivity and safety[115]. - The Sustainable Energy Management venture released its first product in 2024, focusing on optimizing energy economics through digital tools[122]. - Nokia's RXRM solution enhances industrial productivity and safety, winning the iF Design Award in 2024 for its UX Design[120]. - The company launched the Event-Driven Automation platform, described as the most modern data center platform in the industry, built for the AI era[169]. Acquisitions and Partnerships - Nokia's acquisition of Infinera is projected to enhance its optical technology leadership and increase exposure to webscale customers, aiming for a double-digit operating margin in its Optical Networks business[92]. - The acquisition of Fenix Group in May 2024 will strengthen Nokia's position in the defense industry by adding innovative broadband tactical communications products to its portfolio[93]. - Nokia's acquisition of Rapid's technology and R&D unit will bolster its R&D capacity in Network as Code, enhancing its ability to automate and monetize networks[94]. - Nokia divested its wholly owned subsidiary Alcatel Submarine Networks (ASN) to focus on key strategic assets while retaining a 20% shareholding for a smooth transition[95]. - Nokia signed a strategic deal with AT&T to accelerate future-ready fiber broadband growth, reinforcing its market position[169]. - Nokia's partnership with Axiom Space aims to deliver a cellular communications system for astronauts during the Artemis III mission[126]. Market Trends and Challenges - The estimated total addressable market (TAM) for communications service providers (CSPs) declined by 5% to EUR 86 billion from 2023 to 2024, driven by macroeconomic factors such as high interest rates and inventory issues[63]. - The enterprise estimated TAM grew by 4% to EUR 25 billion from 2023 to 2024, with a forecasted strong growth of 8% CAGR until 2029, particularly in the private wireless market which is expected to reach 22% CAGR[67][68]. - The CSP market is expected to see growth in fixed wireless access, fiber, IP routing, and optical networks, driven by demand for higher speed access technologies[64]. - Geopolitical and environmental criteria are increasingly influencing investment and vendor decisions, with security and sovereignty becoming important factors[66]. Product and Technology Innovations - Nokia Technologies reported a 78% increase in segment net sales, reflecting strong performance in patent licensing and intellectual property monetization[42]. - Mobile Networks added 18,000 base station sites and gained 12 new communication service provider customers during 2024[49]. - Nokia filed a record 3,000 patents in 2024, surpassing 7,000 patent families essential to 5G[51]. - The company expanded its broadband technology leadership by demonstrating 10G, 25G, 50G, and 100G speeds over a live fiber broadband network[161]. - The introduction of the Kolibri 5G small cell solution aims to enhance cost efficiency and scalability for Communication Service Providers (CSPs)[173]. - Nokia's Optical Networks segment holds the number one position in India and the number two position in Europe and MEA, indicating strong market presence[164]. - The company completed pilots of its commercial Cloud RAN solution, verifying feature parity and performance consistency[175]. - Nokia has secured 334 commercial 5G deals and over 850 private wireless customers, with 193 in 5G[180]. - Nokia's AirScale portfolio was expanded with new energy-efficient Massive MIMO radios, supporting mobile traffic growth and accelerating 5G rollouts[194].

Core Insights - Nokia partners with Canal+ Telecom to enhance and automate fiber network in the Caribbean, specifically in French Guiana and Guadeloupe, to meet increasing demand for broadband capacity [1][5] - The deployment of Nokia's Lightspan and Altiplano solutions aims to future-proof Canal+ Telecom's network and improve operational efficiencies through automation [2][3] Group 1: Network Deployment and Technology - Canal+ Telecom will utilize Nokia's Lightspan Mini Optical Line Terminal (OLT) to accelerate Fiber-to-the-Home (FTTH) services in the French Caribbean, providing a high-capacity, low-density fiber option suitable for island environments [2] - The Lightspan solution enables Canal+ to evolve to 25G PON technology as needed, ensuring the network remains competitive and capable of handling future demands [2] - The Altiplano solution will enhance Canal+ Telecom's access network management, allowing for faster detection of network anomalies and proactive issue resolution [3][4] Group 2: Strategic Importance and Future Goals - The collaboration signifies a significant step towards a more connected future for the residents and businesses in French Guiana, Martinique, and Guadeloupe, aiming to deliver reliable and secure broadband networks [5] - Canal+ Telecom becomes the first operator in the Caribbean to implement Nokia's Altiplano platform, marking a pioneering move in intelligent network automation [4][9] - The deployment is expected to help close the digital divide, stimulate economic growth, and enhance global competitiveness for the region [9]

Group 1 - Nokia Corporation has partnered with Outer Reach Broadband to deploy a fiber network infrastructure aimed at providing 10 Gbps symmetrical broadband services, which will help bridge the digital divide in rural Maine and promote local economic development [1] - The collaboration includes Nokia's Altiplano Access Controller, a cloud-native platform that enhances network management and optimization, supporting 10G XGS-PON technology and offering a suite of automation functions [2] - Outer Reach Broadband will also utilize Nokia's Wi-Fi 6 beacons with EasyMesh technology to ensure reliable whole-home coverage, while Nokia's Corteca software will optimize Wi-Fi performance, improving customer experience and reducing costs [3] Group 2 - The demand for multi-gigabit fiber broadband is increasing due to the rise of smartphones, necessitating continuous network optimization, which positions Nokia favorably in the market for passive optical networking [4] - This partnership is expected to generate incremental revenue for Nokia and may lead to similar deals with other carriers, reinforcing its position as a leading telecommunications equipment provider [5] - Nokia's stock has increased by 42.7% over the past year, outperforming the industry growth of 42% [6]

Core Insights - Nokia Corporation has partnered with Carrix to introduce Nokia DAC, a private wireless solution aimed at optimizing operations at major marine terminals in the U.S. [1][2] - The deployment will occur in key locations such as Jacksonville, Long Beach, Oakland, and Seattle, enhancing connectivity and security in asset-intensive environments [1][2][3] Group 1: Partnership and Technology Implementation - The collaboration with Carrix will provide a reliable and secure wireless network tailored for complex industrial environments, improving operational efficiency and laying the groundwork for future digital innovations [2][3] - Nokia's advanced wireless solutions position Carrix to enhance operational efficiency and security, ensuring its marine terminals remain technologically advanced [3][4] Group 2: Industry Challenges and Solutions - The marine terminals industry faces challenges in improving connectivity and security, which Nokia addresses through its Edge Compute and AI platform, providing a digital foundation for innovation [4] - The partnership signifies a step towards smarter and more connected port operations, driving collaboration and ensuring data sovereignty [4][3] Group 3: Nokia's Growth Strategies - Nokia is well-positioned for the ongoing technology cycle, with a strong end-to-end portfolio and encouraging deal win rates in key 5G markets [5][6] - The company is experiencing healthy momentum in software and enterprise sectors, benefiting from copper and fiber deployments, and is the only global supplier offering O-RAN with commercial 5G Cloud-RAN networks [6][5] Group 4: Future Prospects - Management expects solid growth drivers from 5G Core momentum and Enterprise Campus Edge business, with stable sales anticipated in the Mobile Networks segment [7] - Nokia's recent acquisition of Infinera enhances its position in the optical networking market, making it one of the largest vendors in this space [8] Group 5: Upcoming Innovations - Nokia, in collaboration with Vodafone and RingCentral, plans to unveil Immersive Voice and Audio Services (IVAS) at MWC 2025, introducing a three-dimensional audio experience for enhanced communication [9]

Shares of Nokia (NOK 4.38%) rallied 4.4% on Monday, despite the Nasdaq Composite (^IXIC -2.64%) plunging 2.64% today, with many tech hardware stocks dropping much more than that.How did Nokia defy the odds? The company announced a partnership between itself, Verizon, and Lockheed Martin. The new partnership has apparently achieved a breakthrough in hybrid 5G communications, which could open up more of the defense market to Nokia's 5G hardware.Looking into defense communicationsOn Sunday, Nokia announced tha ...

Core Insights - Nokia is modernizing Maxis' data center infrastructure to enhance connectivity and scalability with advanced data center switches and Event-Driven Automation (EDA) technology [1][3][4] - The upgrade aims to simplify network operations, automate workloads, and provide a secure and efficient architecture to support Maxis's business growth [2][5] Group 1: Technology and Infrastructure - Nokia will deploy its 7220 Interconnect Router (IXR) and EDA technology across multiple Maxis data centers, enabling rapid provisioning of infrastructure resources and reducing complexity [3][5] - The Nokia 7220 IXR is designed to meet high connectivity and density demands, providing unmatched scale, flexibility, and operational simplicity for data center and cloud environments [7][10] Group 2: Market Context and Strategic Importance - This collaboration reflects Malaysia's emergence as a hub for data centers and hyperscalers, driven by the growing adoption of AI-enabled cloud infrastructure [4][6] - The modernization initiative is part of a broader trend in Southeast Asia's booming data center market, emphasizing the need for reliable and scalable network solutions [5][6]

Core Insights - Nokia Corporation, in collaboration with Vodafone Group and RingCentral, is set to launch Immersive Voice and Audio Services (IVAS) at MWC 2025, which aims to revolutionize voice communication with a three-dimensional, spatial audio experience [1][4] - IVAS enhances traditional voice services by providing real-time spatial audio, improving clarity and engagement across various applications including business communication, education, and mobile calls [2][4] - The IVAS standard, developed by an alliance of 13 companies, has been integrated into 3GPP Release 18, featuring innovations like Metadata-Assisted Spatial Audio (MASA) for enhanced audio experiences on compact devices [3] Technology and Applications - IVAS technology will be showcased at MWC 2025, allowing visitors to experience multi-stream teleconferencing and immersive 1-to-1 calling with head-tracking-enabled headphones [4][5] - The technology supports industrial applications by isolating machine sounds and improving communication in noisy environments, addressing the growing demand for enhanced voice and multimedia services [4] Company Developments - Nokia is advancing its 5G portfolio, focusing on AirScale and the ReefShark chipset, with expectations of growth driven by solid 5G Core momentum and demand recovery in various end markets [6] - The company has seen its stock price increase by 18.3% over the past six months, outperforming the Zacks Wireless Equipment industry's growth of 8.1% [7]

Core Insights - Globe Telecom collaborates with Nokia to enhance security for banks and enterprises through network APIs [2][4] - The partnership focuses on utilizing Nokia's Network Exposure Platform (NEP) to simplify and expand API offerings [3][5] - The initiative aims to address the increasing cyberattacks on banking services by providing security verification tools [4][8] Company Overview - Globe Telecom is one of the largest telecommunications operators in the Philippines, serving over 60 million subscribers [2] - Nokia is a B2B technology innovation leader, focusing on creating networks that leverage mobile, fixed, and cloud technologies [9][10] Technology and Implementation - Nokia's NEP is part of the GSMA Operator Platform, which standardizes operator capabilities for developers [5] - The NEP integrates with Nokia's Network as Code platform, providing a cloud-based environment for service provider networks and application developers [6][7] - Since its launch in September 2023, Nokia's Network as Code platform has attracted 48 partners, including major telecommunications companies [7] Strategic Goals - The collaboration aims to create new applications that enhance security for financial service providers in the Philippines [8] - The initiative emphasizes the importance of choice, flexibility, and security in developing new application use cases [8]

Core Insights - Nokia's Corteca Cloud now supports 415 legacy TR-069-based broadband devices, enhancing device and Wi-Fi management for Communication Service Providers (CSPs) [1][5] - The platform supports both TR-069 and the new TR-369 protocols, allowing CSPs to manage devices efficiently while preparing for future advancements [2][6] - The solution provides a seamless transition path for CSPs, enabling them to manage current networks without disruption [3][6] Summary by Categories Product Features - Nokia Corteca Cloud integrates over 400 legacy broadband devices from more than 30 manufacturers, offering a unified management interface for in-home Wi-Fi and device management [5] - The dual support for TR-069 and TR-369 protocols allows CSPs to transition at their own pace, ensuring operational flexibility [6] Industry Context - TR-069 has been the industry standard for managing approximately 1 billion broadband devices globally for the past 20 years, facilitating remote provisioning and maintenance [2][5] - The introduction of TR-369 brings significant new capabilities for modern devices, although a complete transition from TR-069 will require time [2] Benefits for CSPs - The solution simplifies the management of multiple customer devices, including third-party hardware, thereby reducing operational complexity [6] - Remote operations capabilities enable CSPs to configure, troubleshoot, and upgrade devices without the need for on-site visits, leading to lower support costs [6]

Core Insights - Viavi Solutions Inc. has successfully validated the over-the-air performance of Nokia's Massive MIMO radio within the upper 6 GHz frequency band using its NITRO Wireless test portfolio [1][6]. Industry Developments - The growth of 5G applications is driving the need for new frequency bands, with the upper 6 GHz band expected to provide up to 200 MHz of mid-band Time Division Duplex spectrum per operator, addressing increasing spectrum requirements [2]. - A proof of concept was conducted at Nokia's lab in Finland to demonstrate the capabilities of the Nokia AirScale platform in the expanded frequency band [3]. Company Performance - Viavi's NITRO Wireless test portfolio includes advanced testing tools like the TM500 Network Tester and OneAdvisor 800 spectrum analyzer, which are crucial for validating network performance and capacity [4][5]. - The successful tests validated aspects such as spectrum analysis and peak throughput for both downlink and uplink, using emulated User Equipment and real-world data traffic [6]. - Viavi's comprehensive product portfolio supports network visibility and analytics, positioning the company to benefit from the transition to 5G networks, which is expected to enhance revenue in the long term [7][8]. Financial Performance - Viavi's stock has increased by 26.8% over the past year, while the industry has seen a growth of 59.9% [9].