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Globe Telecom, Nokia collaborate on network APIs to provide banks with enhanced security #MWC25
GlobeNewswire News Room· 2025-02-24 06:00
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]
Nokia's Corteca Cloud for device and Wi-Fi management adds hundreds of legacy broadband devices #MWC25
GlobeNewswire News Room· 2025-02-20 08:00
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]
Viavi Validates NOK's MIMO Radio Performance in Upper 6 GHz Band
ZACKS· 2025-02-18 16:25
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].
Ooredoo Qatar taps Nokia 5G Standalone Core to deliver advanced network services and generate new revenue streams
GlobeNewswire News Room· 2025-02-13 08:00
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]
Aker Carbon Capture AS: Fourth quarter 2024 results
Prnewswire· 2025-02-13 06:23
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]
Aker Carbon Capture proposes a cash dividend of NOK 3.5 billion
Prnewswire· 2025-02-12 16:35
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]
Inside information: Nokia announces a leadership transition – Justin Hotard appointed as successor to Pekka Lundmark
GlobeNewswire News Room· 2025-02-10 06:00
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]
Nokia to modernize Vietnam Air Traffic Management Corporation's communication network for improved safety
GlobeNewswire News Room· 2025-02-06 04:00
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]
Why I'm Maintaining My Hold Rating Despite Its Strong Q4 Results
Seeking Alpha· 2025-01-31 19:09
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Nokia Delivers Strong EPS Growth in Q4
The Motley Fool· 2025-01-30 19:36
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 ...