Core Insights - Ooredoo Qatar has selected Nokia to modernize its core network, enabling advanced services through network slicing and AI integration [1][3] - The modernization aims to unlock new business models and revenue streams for both consumer and enterprise sectors [2][9] Company Developments - The deal includes the implementation of Nokia's 5G voice core, packet core, and subscriber data management, enhancing ultra-low latency and multi-access edge computing capabilities [3][6] - Ooredoo Qatar will utilize Nokia's MantaRay NM solution for optimized network monitoring and management [5] Technological Advancements - Nokia's core solutions allow Ooredoo Qatar to operate multi-vendor networks and create thousands of virtual networks tailored to specific applications and services [4][9] - The rollout of Nokia's Data Center Fabric solution will enable Ooredoo Qatar to scale and operate data centers and cloud environments more efficiently [6] Market Position - Nokia had the most 5G Standalone Core communication service provider customers, totaling 123 by the end of 2024, indicating strong market presence [6]

Financial Performance - Aker Carbon Capture ASA ended Q4 2024 with NOK 4.6 billion in cash and an equity position of NOK 5.5 billion, reporting a net profit of NOK 21 million for the quarter [1] - The Board of Directors proposed an extraordinary cash dividend of NOK 5.80 per share, totaling NOK 3.5 billion [1] Joint Venture Developments - SLB Capturi, the joint venture between Aker Carbon Capture ASA and SLB, achieved mechanical completion of the world's first full-scale carbon capture facility at the Heidelberg Materials Brevik plant in Norway, with plans for operational status by 2025 [2] - In January 2025, SLB Capturi was awarded an EPCIC contract from Hafslund Celsio AS for a carbon capture solution at their waste-to-energy facility in Klemetsrud, Oslo [3] - SLB Capturi completed commissioning and is handing over its first modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands [3] Project Engagements - SLB Capturi is involved in significant carbon capture projects across Europe, including the deployment of five Just Catch systems by Ørsted in Kalundborg, Denmark, designed to capture 500,000 tonnes of CO2 annually [4] - The Kalundborg project is part of Denmark's first full-scale carbon capture and storage (CCS) value chain implementation [4] Company Background - Aker Carbon Capture ASA was established in 2020, leveraging over 20 years of experience in carbon capture technology [5] - The joint venture SLB Capturi was formed in June 2024, with SLB owning 80% and Aker Carbon Capture ASA owning 20% [5]

Core Viewpoint - Aker Carbon Capture ASA (ACC) has proposed an extraordinary cash dividend of NOK 3.5 billion, with Aker Horizons expected to receive approximately NOK 1.5 billion based on its 43.27% ownership in ACC [1] Group 1: Financial Performance - ACC completed a transaction with SLB to combine their carbon capture businesses into a joint venture named SLB Capturi, retaining a 20% ownership stake and booking a gain of NOK 4.9 billion in its consolidated accounts [2] - The proposed cash dividend will allow ACC to maintain a robust balance sheet, supporting its role as a minority owner in SLB Capturi and backing its remaining pro-rata guarantee exposure for prior projects [3] Group 2: Corporate Governance - The proposed cash dividend is subject to approval by an extraordinary general meeting expected to be held on or about March 7, 2025 [4] Group 3: Company Background - Aker Horizons focuses on developing green energy and industry to accelerate the transition to Net Zero, with activities in renewable energy, carbon capture, and sustainable industrial assets [4] - Aker Carbon Capture ASA was established in 2020, building on over 20 years of experience in carbon capture technology within Aker [5]

Leadership Transition - Nokia announced a leadership transition with Justin Hotard appointed as the new President and CEO, succeeding Pekka Lundmark, effective April 1, 2025 [1][5] - Pekka Lundmark has led Nokia since 2020 and will step down on March 31, 2025, continuing as an advisor to Hotard until the end of the year [5][8] Justin Hotard's Background - Justin Hotard brings over 25 years of experience in global technology companies, currently leading the Data Center & AI Group at Intel [2] - His previous roles include leadership positions at Hewlett Packard Enterprise and NCR Corporation, indicating a strong background in technology and innovation [2][13] Strategic Vision - Sari Baldauf, Chair of Nokia's Board, expressed confidence in Hotard's ability to drive growth in critical areas such as AI and data centers, which are essential for Nokia's future [3] - Hotard emphasized the importance of networks in powering society and businesses, and his commitment to continuing Nokia's transformation for growth and value creation [4] Contributions of Pekka Lundmark - Under Lundmark's leadership, Nokia re-established its technology leadership in 5G radio networks and improved profitability in Network Infrastructure [6][7] - Lundmark's tenure included building a strong position in cloud-native core networks and refreshing the company's brand and culture [7]

Core Insights - Nokia will modernize Vietnam Air Traffic Management Corporation's (VATM) communication network by replacing the legacy Synchronous Digital Hierarchy (SDH) transport system with IP/MPLS technology to enhance safety and reliability in Vietnam's air traffic management [1][6] - The upgraded transport network will support mission-critical applications and comply with International Civil Aviation Organization standards, becoming operational in the second quarter of 2025 [2][3] Company and Industry Summary - The new network will provide advanced capabilities such as analytics, operational simplification, and improved performance, enhancing overall air traffic management efficiency and safety [3][6] - VATM will benefit from robust security features and the ability to evolve against quantum threats with Nokia's Quantum-Safe Network (QSN)-ready technology [6] - The initiative is expected to significantly improve the safety and reliability of air traffic networks in Vietnam, addressing the rapidly growing air traffic demands [1][4]

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Nokia's earnings exceeded expectations despite a slight revenue miss.Nokia (NOK 6.42%), a leading telecommunications and network infrastructure provider, announced its fourth-quarter 2024 results on Jan. 30. Earnings per share (EPS) for the quarter came in at 0.18 euros, which surpassed analyst forecasts of 0.14 euros by a notable margin. However, revenue fell slightly short of expectations, reaching 5.983 billion euros against an expected 6.006 billion euros. The quarter as a whole presented a robust perfo ...

Nokia's stock surged after its Q4 earnings report.Shares of wireless industry veteran Nokia (NOK 6.19%) had a great day on Thursday. Following a robust earnings release early in the morning, the Finnish company's stock jumped as much as 9.5%. It had cooled off somewhat to a 7.3% gain by 1 p.m. ET.A mixed bag with a positive outlookThe average analyst expected fourth-quarter earnings near 0.14 euros per diluted share (approximately $0.15) on revenue in the neighborhood of 6.2 billion euros (around $6.46 bill ...

Nokia Oyj (NYSE:NOK) Q4 2024 Earnings Conference Call January 30, 2025 4:30 AM ET Company Participants David Mulholland - Head of IR Pekka Lundmark - President and CEO Marco Wiren - CFO Conference Call Participants Joachim Gunell - DNB Markets Simon Leopold - Raymond James Artem Beletski - SEB Enskilda Sami Sarkamies - Danske Bank Sandeep Deshpande - J.P. Morgan Daniel Djurberg - Handelsbanken Ulrich Rathe - Bernstein Rob Sanders - Deutsche Bank Felix Henriksson - Nordea David Mulholland Good morning, ladie ...

Earnings Call Overview - Nokia held its Q4 2024 earnings conference call on January 30, 2025, with key participants including President and CEO Pekka Lundmark and CFO Marco Wiren [1][2] - The call included forward-looking statements regarding future business, transactions, and financial performance, with actual results subject to risks and uncertainties [3] - Growth rates and margins discussed during the call were based on constant currency and comparable reporting, with detailed financial results available in the Q4 report on the company's website [4] Call Agenda - Pekka Lundmark will present key messages for the quarter, followed by Marco Wiren discussing financial performance [5] - Pekka Lundmark will also highlight specific achievements or notable developments from the quarter [5]