Nokia, EBB Team Up to Upgrade AI Data Centers Across Malaysia

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]