Core Insights - Nokia has been recognized by IEEE for its introduction and global deployment of ADSL, marking a significant milestone in broadband technology [1][3][7] - ADSL, developed in 1993, was the first large-scale broadband technology, enabling multi-megabit internet over standard telephone lines and making broadband accessible to billions [2][4] - The IEEE Milestone program honors significant technological achievements that have provided lasting benefits to humanity, with ADSL joining notable innovations like Maxwell's equations and the transatlantic cable [3][7] Company Achievements - ADSL has directly benefited close to one billion people, transforming digital connectivity and shaping the modern internet-driven world [1][2] - Nokia has continued to innovate in broadband technology, developing advancements such as VDSL, 10G PON, 25G PON, and 100G PON, with speeds up to 100,000 times faster than the original ADSL [4][7] - The recognition from IEEE highlights Nokia's ongoing commitment to pushing the limits of broadband innovation for over 30 years [4][6] Industry Impact - The recognition of ADSL as an IEEE Milestone underscores the importance of electrical engineering and computing in building the modern world [3][4] - ADSL's introduction marked the transition from dial-up to high-speed, always-on connectivity, fundamentally changing how people access the internet [4][7] - Nokia's advancements in broadband technology continue to create new opportunities for monetization and scale in the telecommunications industry [6][7]

Core Insights - The 2025 Industrial Digitalization Report by Nokia and GlobalData indicates that 87% of adopters of on-premise edge and private networks achieve ROI within one year while enabling AI-driven use cases [1][9] - The report highlights significant cost savings, with 81% of industrial enterprises reporting lower setup costs and 86% experiencing reduced ongoing costs [1][9] Adoption and Impact - A total of 94% of industrial enterprises have implemented on-premise edge technology alongside private wireless, facilitating secure, low-latency connectivity and supporting AI applications in 70% of cases [3][9] - The deployment of private wireless networks has led to sustainability gains, with 94% of surveyed enterprises reporting reduced carbon emissions, and 41% achieving reductions exceeding 20% [5][9] Operational Efficiency - 71% of companies are utilizing connected worker technologies to enhance safety and efficiency, including automated alarms and AI-assisted monitoring [6] - The integration of private wireless networks has improved operational performance, contributing to enhanced worker safety and reduced environmental impact [5][11] Cybersecurity and Market Growth - Cybersecurity is a key driver for adopting industrial edge platforms, with 57% of respondents citing it as a reason for deploying private wireless networks [7] - The global private wireless network market is projected to nearly double to US$8 billion by 2027, reflecting the increasing demand for modernization in line with sustainability and efficiency goals [8]

Core Insights - Nokia has secured a contract with Extreme Broadband (EBB) and its subsidiary Open DC to enhance AI data centers in Malaysia, aligning with the National Cloud Computing Policy and catering to the banking and financial services sector [1] - The initiative will interconnect six Open DC facilities across Malaysia, providing a reliable and secure network to support EBB's vision of "Innovating Connectivity" [2] - A Memorandum of Understanding (MoU) has been signed between Nokia and EBB to collaborate on data center solutions and quantum-safe networks, focusing on AI and data center connectivity [3] Group 1: Contract and Collaboration - The contract aims to improve performance and security of Open DC's AI data centers, reinforcing EBB and Open DC's positions in Malaysia's digital infrastructure [1] - The deployment will utilize Nokia's advanced IP network solutions to connect six facilities, ensuring high reliability and security [2] - The MoU includes joint strategies for enterprise connectivity, multi-cloud integration, and DDoS protection, along with testing Nokia's Data Center Gateway and security solutions [3] Group 2: Technology and Infrastructure - Nokia's modernization efforts will leverage its Data Center Fabric, Data Center Gateway, and quantum-safe networking technologies, ensuring scalability and sustainability for Open DC [4] - The collaboration is expected to enhance Nokia's role in Malaysia's growing data center industry, providing unmatched reliability and efficiency [5] - Nokia's recent projects, such as upgrading Vortex Group's network in India, demonstrate its commitment to improving broadband speeds and connectivity [6] Group 3: Market Outlook - Nokia anticipates strong sales growth in the Network Infrastructure, Cloud, and Network Services segments by 2025, while expecting stable sales from Mobile Networks [8] - The company faces challenges from the cyclical nature of the telecommunications industry and competition in the wireless equipment market [8] - Currently, Nokia holds a Zacks Rank 4 (Sell), with its stock down 1.8% over the past year compared to a 27.9% growth in the Wireless Equipment industry [9]

Group 1 - Deutsche Bank has regained a position in the Eurozone's Stoxx 50 index after being excluded for seven years, alongside Siemens Energy and Argenx SE [1] - The inclusion comes after Deutsche Bank's market value has more than doubled in the past 12 months, reflecting a rebound in European bank stocks [1] - Siemens Energy's stock has increased over twofold since September last year, benefiting from a surge in global electricity demand [1] Group 2 - The index company also announced adjustments to the broader Stoxx Europe 600 index, including the addition of French biotech company Abivax SA and Fraport AG, while removing Gerresheimer AG [2] - All changes to the index will take effect after the European market opens on September 22 [2]

Core Insights - Nokia has partnered with Extreme Broadband (EBB) to enhance security and performance of AI data centers in Malaysia, aligning with the National Cloud Computing Policy and addressing the needs of the banking and financial services sector [1][4][5] Group 1: Partnership Details - The contract involves Nokia's IP network solution to interconnect six AI data centers across various locations in Malaysia, ensuring a reliable and secure network [2][6] - A Memorandum of Understanding has been established for collaboration on data center solutions and quantum-safe networks, focusing on a joint go-to-market strategy [3][6] Group 2: Technological Advancements - Nokia's Data Center Fabric, Data Center Gateway, and quantum-safe network solutions will modernize Open DC's data centers, enhancing scalability and security [6][7] - The deployment of Nokia's 7250 and 7220 Interconnect Routers will contribute to energy efficiency in the network [6] Group 3: Strategic Impact - This collaboration aims to support Malaysia's economic growth under the MYDIGITAL policy, fostering AI-driven innovation and new revenue opportunities for enterprises [4][5] - EBB is positioned as a key player in Malaysia's digital economy, providing high-performance network solutions to various sectors [10]

Core Insights - Nokia has been selected by Vortex Group to upgrade its IP edge and transport network in Maharashtra, Goa, and Gujarat, aiming to enhance broadband speeds and extend connectivity to underserved areas [1][10] - The upgrade will allow over 150 smaller ISPs connected to Vortex's backbone to access high-speed, reliable services, improving internet experiences for customers [1] Group 1: Network Transformation - The transformation will utilize Nokia's advanced Broadband Network Gateway (BNG) solution, consolidating multiple smaller BNGs into a single scalable platform that supports over 200,000 subscribers [2][10] - Vortex's network will shift from Layer 2 (L2) to Layer 3 (L3) IP/MPLS architecture, significantly enhancing capacity and operational efficiency [4][10] - Nokia will provide its 7250 IXR series routers and 7750 SR-1 BNG, replacing legacy equipment with high-capacity, future-ready solutions [4][10] Group 2: Strategic Investment and Growth - This strategic investment enables the launch of faster broadband plans and supports rapid expansion and stronger backbone for future growth and wholesale partnerships [3] - The upgrade will help Vortex reduce capital and operational costs while improving performance and reliability [2][5] - Nokia's IP edge and transport platforms, powered by proprietary silicon, offer the necessary flexibility and scalability for sustainable service delivery [3] Group 3: Market Position and Future Outlook - Nokia is experiencing solid momentum in software and enterprise sectors, which is beneficial for its licensing business [7] - The company is well-positioned to capitalize on copper and fiber rollouts in passive optical networking and is the only global supplier offering O-RAN with commercial 5G Cloud-RAN networks [7] - Nokia's expansion into the data center market and partnerships with major companies like Apple indicate a strong growth trajectory [8]

Core Insights - Nokia has been selected by Vortex Group to modernize its IP edge and transport network across Maharashtra, Goa, and Gujarat, enhancing broadband services and expanding access to underserved areas [1][4]. Group 1: Network Upgrade and Infrastructure - The upgrade involves transitioning Vortex's network from Layer 2 (L2) to Layer 3 (L3) IP/MPLS architecture, which will improve operational efficiency and increase overall capacity [3][8]. - Nokia's advanced Broadband Network Gateway (BNG) solution will consolidate multiple lower-capacity BNGs into a single system capable of supporting over 200,000 subscribers, reducing CAPEX and OPEX while improving reliability [2][5]. Group 2: Strategic Growth and Market Expansion - The collaboration positions Vortex to introduce higher-speed broadband plans and scale rapidly across the three states, particularly targeting Tier 3 and Tier 4 cities [2][4]. - Vortex aims to bridge the digital divide and unlock new growth opportunities by enhancing internet access for households and businesses [4][11]. Group 3: Technology and Performance - Nokia's IP edge and transport platforms, powered by proprietary silicon technology, provide the necessary flexibility and scalability for sustainable broadband service delivery [2][5]. - The deployment will include Nokia's 7250 IXR series routers and 7750 SR-1 BNG, replacing legacy systems with high-capacity, scalable solutions [3][8].

Core Insights - Nokia has been selected by Vortex Group to modernize its IP edge and transport network across Maharashtra, Goa, and Gujarat, enhancing broadband services and expanding access to underserved areas [1][4] - The upgrade will transition Vortex's network from Layer 2 to Layer 3 IP/MPLS architecture, improving operational efficiency and capacity [3][8] - Vortex will consolidate multiple lower-capacity Broadband Network Gateways (BNGs) into a single scalable system, supporting over 200,000 subscribers and reducing CAPEX and OPEX [2][5] Company Overview - Vortex Group is a next-generation connectivity solutions provider focused on broadband and digital infrastructure, operating primarily in Maharashtra, Goa, and Gujarat [10][11] - The company aims to bridge the digital divide by expanding high-speed internet access to both urban centers and underserved communities [10][11] - Vortex Netsol, the ISP arm of Vortex Group, delivers high-speed fiber broadband and enterprise-grade connectivity [10] Strategic Implications - The partnership with Nokia positions Vortex to introduce higher-speed broadband plans and scale rapidly into Tier 3 and Tier 4 cities [2][4] - The upgrade is expected to enhance customer experience by providing greater reliability, capacity, and speed [4][8] - Nokia's proprietary silicon technology will support the flexibility and scalability needed for sustainable broadband service delivery [2][5]

Core Insights - Nokia's recent financial performance has been weak, with a significant decline in comparable net profit and challenges in its mobile networks business [2][3] Financial Performance - In Q2, Nokia's comparable net profit fell by 28% year-on-year to €236 million, while revenue saw a slight increase of 2% to €4.47 billion, but a 1% decline when adjusted for currency effects [2] - The company's comparable operating profit margin decreased to 6.6%, down 2.9 percentage points from the previous year [2] - The patent licensing business contributed €255 million, which helped mitigate overall profitability concerns [2] Business Challenges - The mobile networks segment is facing significant issues, with U.S. operators reducing their reliance on Nokia; Verizon has shifted to Samsung, and AT&T has chosen Ericsson, leaving T-Mobile as the primary customer [2] - Revenue from the mobile networks division dropped from €10.4 billion in 2020, accounting for nearly half of total revenue, to €7.7 billion in 2024, now representing 40% of total revenue [2] - The profitability of this segment has deteriorated, with a loss of €75 million in the first half of this year, resulting in a profit margin of -2.2%, compared to a 9.5% profit margin in the same period last year [2] Strategic Focus - CEO Justin Hotard emphasized the company's commitment to investing in artificial intelligence, anticipating an "AI supercycle" that will drive demand for stronger network infrastructure [3] - Despite short-term profit pressures, the company continues to invest heavily in research and development to support future growth [3] Shareholder Sentiment - Shareholders are growing impatient, with some questioning the emphasis on "comparable profit" as a means to obscure the true financial situation [3] - Calls for deep reforms include divesting from more profitable segments and potentially relocating the headquarters to the U.S. to attract more investment [3]

Group 1 - Nokia's comparable net profit declined by 28% year-on-year in Q2, amounting to €236 million (approximately ¥1.963 billion), despite a 2% revenue increase to €4.47 billion, which translates to a 1% decline when adjusted for constant currency [2] - The company's comparable operating profit margin fell to 6.6%, down 2.9 percentage points from the same period last year, indicating significant profitability challenges [2] - The mobile networks division is facing severe difficulties, with major U.S. carriers like Verizon switching to Samsung and AT&T opting for Ericsson, leaving T-Mobile as its primary customer [2] Group 2 - In 2020, Nokia's mobile networks division generated €10.4 billion (approximately ¥86.514 billion) in revenue, accounting for nearly half of the company's total revenue, but this dropped to €7.7 billion (approximately ¥64.054 billion) in 2024, representing only 40% of total revenue [2] - The profitability of the mobile networks division has deteriorated significantly, with a profit margin of 9.5% in the first half of 2022 turning into a loss of €75 million (approximately ¥624 million) in the same period this year, resulting in a profit margin of -2.2% [2] - Nokia is focusing on AI development, with CEO Justin Hotard emphasizing the upcoming "AI supercycle" that is expected to drive stronger network demand, although this may pressure short-term profits [3] Group 3 - Shareholders are growing increasingly impatient, with some criticizing Nokia for overemphasizing "comparable profits" to mask weak official data, while others are calling for significant restructuring, including divesting more profitable business units and potentially relocating the headquarters to the U.S. to attract more institutional investors [3]