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NOK Collaborates With Hotwire for 50G PON Speeds Trial: Stock to Gain?
ZACKS· 2024-12-04 17:31
Nokia Corporation (NOK) recently announced that Hotwire Communications has successfully tested its 25G and 50G PON broadband speeds over Hotwire’s existing fiber network. This pioneering test, leveraging Nokia’s Lightspan MF fiber access platform, aims to significantly enhance network performance and reliability, providing users with a superior telecommunications experience.How NOK Powers the PON Fiber Solution?Fiber technology has become increasingly crucial in connecting everything to high-speed Internet ...
Nokia cancels repurchased shares
GlobeNewswire News Room· 2024-12-04 14:00
Nokia CorporationStock Exchange Release 4 December 2024 at 16:00 EET Nokia cancels repurchased shares  Nokia Corporation has today cancelled 157 646 220 Nokia shares held by the company in line with the decision by the Board of Directors. The shares were repurchased during the period between 20 March 2024 and 21 November 2024 under the share buyback program announced in March 2024. The cancellation of the treasury shares was registered with the Finnish Trade Register on 4 December 2024.  The cancellation o ...
Nokia Surges 32.9% in a Year: Should You Buy the Stock?
ZACKS· 2024-12-03 18:01
Nokia Corporation (NOK) has surged 32.9% over the past year compared with the industry’s growth of 41.2%. The company has underperformed compared to its peer, Ericsson (ERIC) , while outperforming Juniper Networks, Inc. (JNPR) Nokia is well-positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio. Leveraging state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include a seamless transition to 5G technol ...
Nokia Corporation's Financial Calendar for 2025
GlobeNewswire News Room· 2024-12-02 06:00
Nokia CorporationStock Exchange Release2 December 2024 at 8:00 EETNokia Corporation’s Financial Calendar for 2025 Espoo, Finland – In this stock exchange release, Nokia provides its 2025 financial calendar, which includes the planned publication dates of its financial reports. Planned publication dates for Nokia's financial reports in 2025: report for Q4 and full year 2024: 30 January 2025interim report for Q1 2025: 24 April 2025report for Q2 2025 and half year 2025: 24 July 2025interim report for Q3 2025 a ...
ABI Research ranks Nokia overall leader and top innovator for telco API platforms
GlobeNewswire News Room· 2024-11-26 15:20
Press release ABI Research ranks Nokia overall leader and top innovator for telco API platforms ABI Research says ranking reflects comprehensive scope of Nokia network API solutions and the company’s role of enabling operator network API flexibility.ABI Research says Nokia follows a policy of impartiality across public cloud providers, giving operators the freedom to select their preferred hyperscaler partner. 26 November 2024 Espoo, Finland — Nokia today announced that analysts at ABI Research have ranke ...
Atea: Growth Potential Suggests An Upside Even At 130 NOK (Rating Upgrade)
Seeking Alpha· 2024-11-19 15:55
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ATEAY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advi ...
Nokia acquires Rapid, the API company once valued at $1B
TechCrunch· 2024-11-13 15:09
Nokia, the company that once was the biggest mobile phone company in the world, has made an interesting acquisition in its bid to be a bridge between the adjacent but very different worlds of tech and telecoms: it’s acquiring Rapid, formerly known as RapidAPI, a provider of an API marketplace, which it will be integrating into a platform it’s building to help 5G operators open their networks to more developers. Terms of the deal are not being disclosed in the deal announcement. Rapid was once valued at $1 b ...
Nokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystem
GlobeNewswire News Room· 2024-11-13 14:00
Core Insights - Nokia has acquired Rapid's technology assets and R&D unit to enhance its network API solutions and ecosystem [2][3] - The acquisition aligns with Nokia's strategy to lead and expand the network API ecosystem, leveraging 5G and 4G capabilities to monetize network assets [2][3] - Rapid's API technology will enable operators to integrate their networks with a large developer base, facilitating the development of new applications [3][5] Company Strategy - The acquisition strengthens Nokia's network API product development and go-to-market efforts [1][2] - Nokia aims to utilize Rapid's API Hub technology to expose network functions to developers, fostering the creation of consumer, enterprise, and industrial applications [3][5] - The integration with Rapid's technology is expected to enhance API lifecycle management and control API usage [3][5] Market Position - Since launching the Network as Code platform in September 2023, Nokia has partnered with 27 global partners, indicating strong momentum in the market [4] - The collaboration with Rapid is anticipated to accelerate network API-related product development and adoption across a broad developer community [5] Technology and Innovation - Rapid's API technology includes a public marketplace and enterprise-grade API hub, allowing secure API design, testing, and sharing [5] - The public API marketplace will enable developers to monetize their APIs and connect with other APIs globally [5] Financial Aspects - Financial details of the acquisition have not been disclosed [6]
Nokia and Islalink achieve 800Gbps capacity-reach record over the IONIAN submarine cable
GlobeNewswire News Room· 2024-11-13 08:00
Core Insights - Nokia and Islalink have achieved a new capacity-reach record of 800Gbps over a 330km submarine cable, enhancing connectivity between Italy and Greece [2][3] - The PSE-6s technology from Nokia not only improves network performance but also reduces power consumption by 60% per bit, supporting sustainable operations [4] Company and Industry Overview - The IONIAN network, launched by Islalink, is a high-capacity submarine system that connects major cities in Italy and Greece, utilizing band C+L with a capacity of 9.6 THz [3] - Islalink has over 20 years of experience in submarine fiber-optic infrastructure, having laid more than 2,600 kilometers of cable and completed 11 landing operations [8] - Nokia's PSE-6s technology is designed for high-speed, power-efficient connectivity over long unrepeated links, enabling innovative services for customers in Italy, Greece, and Spain [5]
NOK Solutions to Boost Africa's Fiber Network: Will the Stock Gain?
ZACKS· 2024-11-12 17:05
Core Insights - Nokia Corporation has partnered with Fibertime to deploy high-speed broadband solutions in underserved areas of South Africa, aiming to connect up to 1.5 million new customers using Nokia's advanced technology [1][6]. Group 1: Partnership Details - Fibertime will utilize Nokia's Lightspan FX Optical Line Terminals (OLTs) and Wi-Fi 6-enabled Optical Network Terminals (ONTs) to provide uncapped, unthrottled Internet for R5 a day, addressing the needs of millions in the region [2][3]. - The deployment includes plans for 500,000 Nokia Wi-Fi 6-enabled ONTs over the next three years, focusing on homes in areas with limited Internet access [3]. - The initial rollout will target urban centers such as Cape Town, Johannesburg, Gqeberha, Mangaung, and Stellenbosch, with plans for gradual expansion [3]. Group 2: Technological Advancements - The partnership will also involve network upgrades supported by Nokia's Altiplano platform, which utilizes 10G XGS-PON technology for enhanced network management and automation [4]. - Nokia's solutions are designed to create a semi-mobile network that can serve entire communities, facilitating access to education, healthcare, and employment opportunities [7]. Group 3: Market Opportunity and Financial Impact - The collaboration addresses South Africa's digital divide, presenting a significant market opportunity as millions of homes lack affordable, high-quality broadband [6]. - The advancements are expected to generate incremental demand for Nokia's solutions, potentially leading to higher revenues and improved financial performance [8]. - Nokia's stock has gained 31% over the past year, although this is lower than the industry's growth of 51.5% [9].