Core Viewpoint - Nokia Corporation has expanded its Wi-Fi 7 device portfolio with the introduction of new gateways aimed at enhancing high-capacity broadband services across operator networks [1][2] Group 1: Product Launch and Features - The new Beacon 4 and Beacon 9 devices offer significant speed improvements, with Beacon 4 delivering 3.6 Gbps and Beacon 9 providing 9.4 Gbps, addressing issues like slowdowns and buffering [3] - These devices utilize indigenous Corteca software for end-to-end lifecycle management, simplifying installation and updates while enhancing user experience and creating revenue opportunities for communications service providers (CSPs) [2][3] Group 2: Strategic Focus and Value Creation - Nokia is on a three-phased journey of value creation: Reset, Accelerate, and Scale, focusing on capital allocation and technology leadership to achieve sustainable growth [4] - The company is well-positioned for the ongoing technology cycle, driving the transition to smart virtual networks and converging various network types [5] Group 3: Market Position and Stock Performance - Nokia has established itself as a leader in advanced 5G technology, with a portfolio of approximately 20,000 patent families, including over 7,000 crucial for 5G [6] - The recent product launch is expected to generate incremental revenue and strengthen Nokia's position in the global telecommunications equipment market, with the stock gaining 40% over the past year compared to the industry's 38.9% growth [7]

Core Insights - Nokia has launched a new 25G PON high-density line card aimed at delivering mass market, multi-gig residential broadband services, enhancing the premium broadband experience for users [1][8] - The new solution supports various PON technology options, allowing operators to provide true 10Gb/s broadband services cost-effectively [1][8] - The demand for multi-gigabit services is increasing as operators seek to offer differentiated services that can handle high-peak traffic and improve customer experiences [2][4] Company Developments - The 16-port line card utilizes Nokia's Quillion chipset and supports multiple PON variants, providing operators with flexibility to adapt to market demands [1][8] - Nokia's 25G PON technology is currently being utilized by 20 operators, including Google Fiber and Hong Kong Broadband, to meet the growing demand for faster broadband speeds [5] - The new line card is designed to be paired with Nokia's fiber modems, creating a comprehensive, future-proof solution for both residential and enterprise service deployments [5][8] Industry Trends - The shift towards multi-gigabit connectivity is driven by end-users' needs for high-speed upstream and downstream access for activities such as cloud computing, gaming, and remote work [2][4] - Service providers are focusing on delivering the highest speeds with low latency and jitter to differentiate themselves in competitive broadband markets [4][6] - The ability to upgrade seamlessly from GPON to XGS-PON and now to 25G PON is crucial for service providers to maintain a competitive edge and meet evolving customer needs [6][8]

Investment Rating - The report maintains an Overweight rating on ASM International, indicating a positive outlook for FY25 with continuing share gains [15]. Core Insights - The European semiconductor market is showing signs of recovery, although the recovery is not as significant as typically expected due to macroeconomic uncertainties and higher than normal inventory levels [15][17]. - Infineon Technologies reported positive current trading with no signs of tariff impact, and the auto market is showing early signs of an up-cycle [15][17]. - Nokia is expected to see steady improvement, particularly in its Network Infrastructure business, with low potential tariff impact due to flexible manufacturing [15][17]. - Future's management emphasized a focus on audience growth, diversification, and monetization, with a compelling valuation narrative for a turnaround [15][17]. Summary by Sections European TMT Conference Highlights - The conference featured discussions with 11 telco management teams, highlighting key takeaways from companies such as Cellnex, Inwit, and Vodafone [15][17]. - BT Group's FY results showed a revenue of £5,049 million, slightly below consensus, with a mixed KPI performance [15][17]. Semiconductor Insights - Companies at the conference indicated that the inventory correction in the semiconductor market is nearing its end, but visibility for FY25 remains constrained [15][17]. - ASM International is optimistic about mid-term trends and has not seen changes in customer behavior due to the macro environment [15][17]. Company-Specific Feedback - Infineon Technologies expressed confidence in current trading, with no deterioration in orders despite tariffs [15][17]. - Nokia's growth in the hyperscaler market is expected to continue, aided by the integration of the Infinera sales team [15][17]. - Future's management is committed to P&L efficiency and capital allocation, setting the stage for potential value creation [15][17].

Group 1: Nokia's Recent Developments - Nokia's 5G Standalone Core has been selected by Com4, a Mobile Virtual Network Operator, to enhance IoT connectivity across various industries such as energy, transport, health, and security [1] - CoreSite, a major American tower company, is deploying Nokia's IP routing portfolio, which includes the Nokia 7250 Interconnect Router and the Nokia 7750 Service Router, to support high-capacity data traffic and interconnectivity within data centers [3] - Nokia's solutions are designed to meet the growing demand for robust networks driven by the rapid adoption of cloud services and AI capabilities, positioning the company favorably in the evolving data center landscape [4][5] Group 2: Market Position and Financial Performance - Nokia's stock has increased by 33.8% over the past year, although this is lower than the industry's growth of 42.2% [7] - The company is on a three-phased journey of value creation, focusing on Reset, Accelerate, and Scale, with a strong emphasis on capital allocation and technology leadership [6] - Nokia's extensive patent portfolio, which includes around 20,000 patents with 7,000 essential for 5G, is gaining traction among enterprise customers [6]

Core Viewpoint - Subsea 7 is a global leader in offshore project delivery and services for the energy industry, focusing on sustainable value creation and efficient offshore solutions [1]. Group 1: Company Information - Subsea 7 is listed on the Oslo Børs under the ticker SUBC, with ISIN LU0075646355 and LEI 222100AIF0CBCY80AH62 [1]. - The company has scheduled two dividend payments of NOK 6.50 each for the year 2025 [1][3]. - The ex-dividend date for the announced dividend is set for 14 May 2024 [3]. Group 2: Contact Information - Katherine Tonks serves as the Investor Relations Director for Subsea 7, with contact details provided for investment community inquiries [2].

Core Insights - Nokia is enhancing Optus's 5G network capabilities and coverage in regional Australia through the deployment of advanced technologies [1][8] - The partnership aims to provide faster data speeds and improved customer experience, particularly in underserved areas [5][6] Group 1: Technology Deployment - Nokia will deploy Habrok Massive MIMO radios and Levante ultra-performance baseband solutions to improve Optus's network performance [1][7] - The Habrok 32 radios offer a 33% increase in output power while reducing power consumption, making them suitable for both new deployments and site modernization [2][3] - The Levante baseband capacity card is designed to enhance scalability and reduce energy consumption by 50% compared to previous generations [3][6] Group 2: Energy Efficiency and Sustainability - Optus will utilize the 'Extreme Deep Sleep' mode of Habrok technology to minimize energy consumption without compromising network performance [3][6] - Nokia's ReefShark SoC technology contributes to energy efficiency and supports advanced AI capabilities in the network [4][6] Group 3: Strategic Importance - The upgrade is part of Optus's commitment to improving connectivity for customers in regional areas, enabling better streaming and content sharing [5][8] - The collaboration strengthens the long-term partnership between Nokia and Optus, focusing on network modernization and sustainability [6][7]

FORNEBU, Norway, May 9, 2025 /PRNewswire/ -- In 2021, Kristian Røkke, Chairman of Aker Horizons ASA (the "Company"), participated in a share-based investment program in which the Company sold shares in its subsidiary Aker Horizons Holding AS for NOK 25 million. NOK 10 million were paid in cash by Kristian, and NOK 15 million were financed through a loan from the Company. The share program was settled in 2024 with a total loss for Kristian of NOK 23.8 million.As part of the settlement, the shares were transf ...

Core Viewpoint - Aker ASA and Aker Horizons ASA are merging, with Aker Horizons Holding AS merging into Aker ASA's subsidiary, Aker MergerCo, providing shareholders of Aker Horizons with shares in Aker ASA and cash as consideration [1][10]. Group 1: Merger Details - The merger will provide Aker Horizons shareholders with 0.001898 shares in Aker ASA and NOK 0.267963 in cash for each share owned in Aker Horizons, based on a 30-day volume weighted average share price [1][10]. - The merger is expected to be completed in the third quarter of 2025, subject to certain conditions including shareholder approval and third-party consents [1][14]. - Aker Horizons will distribute shares in AKH Holding as a dividend in kind to its shareholders prior to the merger completion [3]. Group 2: Financial Implications - Aker Horizons has decided to redeem its NOK 2.5 billion Green Bond at a call price of 100.37% of par, utilizing existing cash reserves, which will reduce future cash interest costs [4]. - The merger is a strategic response to significant market uncertainty and funding challenges faced by Aker Horizons, which has substantial debt maturing in the next 12 months [5][6]. - Aker ASA will settle the merger consideration using treasury shares and/or new shares issued under board authorizations [11]. Group 3: Future Strategy - Post-merger, Aker ASA aims to manage the value of AKH Holdings' investments, focusing on key areas such as South Africa, Australia, and potential data center developments in Narvik [7][9]. - The Board of Aker Horizons will define the future strategy and structure following the merger completion [9]. - The merger reflects a need to adapt to a changed market environment, particularly in green energy and industrial markets, which have made capital raising more challenging [8].

Core Insights - Nokia has launched Aurelis Optical LAN, a next-generation fiber-based LAN solution aimed at enhancing enterprise connectivity for in-building and campus environments [1][8] - The Optical LAN technology offers significant advantages over traditional copper-based networks, including reduced cabling and power requirements, as well as lower total cost of ownership [2][8] Group 1: Product Features and Benefits - Aurelis Optical LAN requires up to 70% less cabling and 40% less power compared to traditional copper-based LAN networks [2][8] - The solution has a lifespan of over 50 years, enabling up to 50% reduction in total cost of ownership (TCO) [2][8] - It supports current speeds of 1Gb/s, 10Gb/s, and 25Gb/s, with a clear upgrade path to 50Gb/s and 100Gb/s, ensuring readiness for future demands [3][5] Group 2: Market Adoption and Use Cases - Nokia's Optical LAN technology has been adopted in over 700 installations across various sectors, including hotels, university campuses, airports, and hospitals [4][8] - The deployment of Optical LAN is seen as a strategic move for organizations to modernize connectivity and support high-performance applications like Wi-Fi 7 [5][8] Group 3: Company Vision and Strategy - Nokia emphasizes the importance of simplicity, reliability, and scalability in its Aurelis Optical LAN solution, positioning it as a future-proof foundation for enterprise connectivity [5][8] - The company aims to create technology that fosters collaboration and innovation, leveraging its expertise in mobile, fixed, and cloud networks [6][7]

Core Viewpoint - Nokia Corporation's board member Timo Ihamuotila executed multiple share acquisitions on May 6, 2025, indicating confidence in the company's stock performance and future prospects [1]. Transaction Summary - The total volume of shares acquired by Timo Ihamuotila on May 6, 2025, amounted to 100,000 shares at a weighted average price of 4.4045 EUR [5]. - Specific transactions included: - 1,512 shares at 4.4025 EUR [1] - 3,569 shares at 4.4035 EUR [1] - 16,096 shares at 4.4031 EUR [3] - 27,175 shares at 4.4070 EUR [3] - 2,016 shares at 4.4030 EUR [3] - The aggregated transactions across various venues showed a consistent acquisition pattern, with the majority of transactions occurring at prices around 4.4030 to 4.4070 EUR [1][3][5]. Company Overview - Nokia is recognized as a B2B technology innovation leader, focusing on creating networks that are capable of sensing, thinking, and acting [6]. - The company leverages its intellectual property and long-term research, particularly through Nokia Bell Labs, which has a century-long history of innovation [6]. - Nokia's high-performance networks are designed to integrate seamlessly into various ecosystems, providing opportunities for monetization and scalability for service providers and enterprises [7].