Press Release StarHub and Nokia partner on network APIs to drive 5G and 4G application development in enterprise verticals Working closely with developers, the two companies are targeting new applications for enterprises in banking, finance, ports, online streaming, and the public sector.StarHub’s 5G and 4G networks will connect to Nokia’s Network as Code platform with developer portal to give developers a seamless pathway for creating new applications. 23 January 2025 Espoo, Finland — StarHub, one of Sing ...

Stock Performance - Nokia stock has increased by 37% since January 2024, outperforming the S&P 500 which gained 22% over the same period [1] - Ericsson stock also increased by 36% during the same period [1] - Nokia's annual returns have been volatile: 59% in 2021, -24% in 2022, -24% in 2023, and 34% in 2024 [2] Financial Results - Nokia's Q3 2024 net sales declined 8% y-o-y to €4.3 billion ($4.7 billion), but net income increased 22% to €358 million ($389 million) [1] - Earnings per share were €0.06 ($0.07) [1] - Gross margin improvement and cost management helped mitigate slower sales recovery [1] Regional Sales Dynamics - Sales to the U.S. market declined due to customers working through existing 5G equipment inventory [1] - Sales to India surged significantly due to accelerating 5G deployments [1] Guidance and Valuation - Nokia projects FY 2024 operating profit between €2.3 billion to €2.9 billion ($2.5 billion to $3.2 billion) [3] - Full-year free cash flow is expected to represent 30% to 60% of operating profit [3] - Nokia stock trades at 11x consensus 2025 earnings, compared to Ericsson's 15x forward earnings [4] - The company is valued at $4.52 per share, in line with the current market price of $4.51 [4] Business Diversification - Nokia has seen increased demand in optical networks, IP networks, and submarine networks [4] - The company's presence in the fixed-line space may help handle a potential slowdown in wireless infrastructure spending [4]

Group 1: Core Insights - Nokia has signed a multi-year patent license agreement with Samsung, allowing Samsung to use Nokia's video technologies in its TVs, which will generate royalty fees for Nokia [1] - Nokia has invested €150 billion in research and development since 2000, establishing a strong foundation in multimedia technology, including video coding and immersive audio services [2] - The new licensing agreement is separate from a previous 5G license agreement signed in January 2023 between Nokia and Samsung [3] Group 2: Licensing and Market Position - Nokia holds around 20,000 patents, with approximately 7,000 essential for 5G, serving various industries including smartphones and IoT devices [4] - Approximately 250 companies, including major players like Apple and Samsung, utilize Nokia's technologies, indicating a strong market presence [4] - The company is focusing on capital allocation and technology leadership to achieve sustainable growth, with positive momentum in software and enterprise sectors [5] Group 3: Stock Performance - Nokia's shares have increased by 28.5% over the past year, while the industry has seen a growth of 33.3% [7]

Core Points - Nokia has signed a multi-year patent license agreement with Samsung for the use of its video technologies in Samsung's televisions, with Samsung making royalty payments to Nokia [1][5] - The agreement is distinct from the existing 5G patent license agreement between Nokia and Samsung [5] - Nokia's Chief Licensing Officer highlighted the agreement as a testament to Nokia's leadership in video and multimedia technologies, supported by significant investments in R&D [2] Company Overview - Nokia is recognized as a leader in video and multimedia technologies, having developed nearly 5,000 inventions in this field over the past 25 years [2] - The company has invested approximately €150 billion in R&D since 2000, including over €4 billion in 2023, focusing on advanced technologies such as cellular and multimedia [2] - Nokia's expertise in multimedia and video research is underpinned by continuous investment aimed at advancing the industry [2]

Core Viewpoint - Nokia Corporation has been selected by Openreach to construct the One Network Platform, an open-access fiber network aimed at connecting millions of homes and businesses in the UK, with a goal to increase connected premises from 17 million to 25 million by the end of 2026 [1][6]. Group 1: Partnership Details - Openreach's wholesale broadband network connects around 300 communication service providers, delivering ultrafast fiber services to various locations, including urban areas and remote rural locations [2]. - The integration of Nokia's Altiplano and Network Services Platform is expected to create a large-scale, multi-service open-access network, reducing power and space requirements at Ethernet access exchange sites by over 50% [2]. - The modular design of the solution is adaptable to different population densities, facilitating easier connections for communication providers [2]. Group 2: Technological Advancements - Nokia's network controllers will enhance Openreach's automation capabilities across multiple broadband technologies, simplifying network operations and reducing operational complexity by up to 85% [3]. - The platform provides real-time performance data through streaming telemetry, optimizing network efficiency and reliability [3]. - Nokia will also deploy its 7250 IXR family of routers, which will improve fault detection, reduce operational costs, and increase network efficiency [4]. Group 3: Market Position and Financial Implications - The collaboration is expected to generate incremental revenue for Nokia and may lead to similar deals with other carriers, strengthening Nokia's position as a leading telecommunications equipment provider [6]. - Over the past year, Nokia's shares have gained 28.5%, outperforming the industry's growth of 27.3% [7].

Press ReleaseNokia and Openreach introduce intent-based networking to build an open-access network, accelerating UK fiber broadband rollout Nokia building open access platform to accelerate fiber broadband services for millions of UK homes and businesses.Unique intent-based model enables Openreach to simplify operations and reduce operations support systems complexity by 85%. Nokia’s network domain controllers allow Openreach to fully automate operations, driving scalability and operational efficiency throu ...

Core Message - Nokia and stc Group achieved a groundbreaking 1Tbps long haul field trial in the Middle East and Africa (MEA) region, setting a new benchmark for data center connectivity [1][4] - The trial utilized Nokia's sixth-generation super-coherent Photonic Service Engine (PSE-6s) technology and stc Group's live Dense Wavelength Division Multiplexing (DWDM) terrestrial network [1][3] - This collaboration aligns with Saudi Vision 2030's digital transformation goals, enhancing Saudi Arabia's digital infrastructure and positioning the kingdom as a global leader in digital innovation [2][4][5] Technology and Performance - The trial successfully transported 6 x 100GE and 1 x 400GE high-speed services over a single wavelength across 850km, demonstrating exceptional scalability and seamless integration [3] - Nokia's Data Center Interconnect (DCI) DWDM solution is designed for advanced energy efficiency, addressing the dynamic needs of AI/cloud services transport [3] - The PSE-6s technology enables high-capacity, efficient, and scalable connectivity, supporting bandwidth-intensive applications such as AI and cloud services [1][7] Strategic Impact - The collaboration lays the groundwork for future-ready network infrastructure, supporting Saudi Arabia's ambitions to expand 5G coverage and promote cloud computing adoption [4] - stc Group's advanced optical infrastructure positions the company to meet future market demands, ensuring rapid and reliable connectivity [2] - The partnership reflects advancements in building a future-ready network, securely supporting massive traffic volumes and aligning with Saudi Vision 2030 objectives [5] Company Profiles - Nokia is a B2B technology innovation leader, pioneering networks that sense, think, and act through mobile, fixed, and cloud networks, with a focus on secure, reliable, and sustainable infrastructure [6][8] - stc Group is a digital enabler offering advanced solutions in digital infrastructure, cloud computing, cybersecurity, IoT, digital payments, and media, with 13 subsidiaries across multiple regions [9] Industry Implications - The trial highlights the potential of advanced optical technology in meeting the growing demand for high-capacity, energy-efficient, and scalable network solutions [1][3] - This achievement supports the broader digital transformation journey in the MEA region, setting a new standard for data center interconnectivity [4][7]

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Core Business Focus - Nokia Corporation has completed the divestiture of its submarine networks business, Alcatel Submarine Networks, to the French State, aligning with its strategy to enhance financial position by focusing on core businesses [1][3] - The divestiture is expected to strengthen Nokia's Network Infrastructure business, which consists of Fixed Networks, IP Networks, and Optical Networks [3] Market Position and Growth - Alcatel Submarine Networks is a leader in the industry with over 800,000 km of optical submarine systems globally and is well-positioned to benefit from the expanding subsea cables market [2] - The French State plans to continue investing in ASN, supporting sustainable development and allowing ASN to broaden its technology offerings [2] Financial Performance - The divestiture is anticipated to bolster Nokia's diverse portfolio of solutions and enhance overall financial performance [7] - Nokia's shares have gained 26.5% over the past year, slightly underperforming the industry's growth of 27.1% [8] Technological Advancements - Nokia is transforming communication through advancements in 5G technology, ultra-broadband access, and Internet of Things applications [4] - The company is experiencing healthy momentum in software and enterprise sectors, which is beneficial for its licensing business [5] Customer Base and Expertise - Nokia has established expertise in mission-critical networks, serving over 2,600 enterprise customers across various sectors including transportation, energy, and public services [6]

Press ReleaseNokia completes its sale of leading submarine networks business, ASN (Alcatel Submarine Networks), to the French State Nokia announced the sale of ASN on 27 June 2024. The transaction allows Nokia to focus the portfolio of its Network Infrastructure business group while positioning ASN strongly to build on the transformation achieved while part of Nokia  Focuses the portfolio of the Network Infrastructure business group.Ensures continued development of a strategic, market-leading French and Eu ...