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Blog Exposure - Nokia Emerges as Sole Supplier to Provide Operational Backbone for Telenor’s Operations in Norway and Sweden

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LONDON, UK / ACCESSWIRE / January 12, 2018 / Active-Investors.com has just released a free research report on Nokia Corp. (NYSE: NOK). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NOK as the Company's latest news hit the wire. On January 10, 2017, the Company announced that Telenor Group, one of the world's largest mobile telecommunications Company with operations in Scandinavia, Eastern Europe, and Asia, has chosen Nokia as its sole supplier for the replacement of its legacy optical backbone network. The new optical core network will provide Telenor the required bandwidth capacity in Norway and Sweden. Register today and get access to over 1000 Free Research Reports by joining our site below:


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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Nokia most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Details of the Deal

Telenor was looking to increase its bandwidth capacity by replacing its current optical core network connecting major centers across Norway and Sweden. The reasons attributed for the requirement of the new multi-terabit capacity were the coming evolution to 5G mobile; the growing consumer demand for online video and internet usage; and the increasing use of cloud applications and associated need for data center interconnections.

As per the press release, the next-generation optical network will feature Nokia's state-of-the-art coherent optical transmission technology. Built on Nokia's industry leading solutions with advanced wavelength routing (CDC-F), this technology allows for greater flexibility and dynamic network management and automation. The network offers an SDN-ready platform that will provide Telenor with a more efficient way to automate, optimize, and assure network services.

As an essential part of the Norwegian and Swedish national infrastructure, Nokia's optical backbone network will provide highly robust solution. The Company noted that many of its operations have been certified compliant with ISO27001 information security standards and, in other cases, have satisfactorily demonstrated conformance to the ISO27001 information security standards.

5G Development

On January 05, 2017, Nokia announced that T-Mobile, Intel, and itself, have reached a major milestone in their 5G collaboration by bringing a 28 GHz outdoor 5G commercial radio system on air in the busy downtown corridor of Bellevue in Washington State.

The Companies conducted a data session on a 28 GHz radio in a field test environment using the Nokia 5G commercial AirScale solution and the 5G Mobile Trial Platform (MTP) from Intel, enabling T-Mobile to deploy its first inter-vendor 5G network. This milestone is a first step in moving 5G development from labs into the field, expanding 5G mmWave radio performance and propagation testing into the real world environment. The testing also allows T-Mobile and Nokia to understand how mmWave-based 5G can be integrated with existing networks and how it can co-exist with LTE.

About Nokia Corp.

Nokia, together with its subsidiaries, provides network infrastructure and related services worldwide. The Company operates through three segments, namely (i) Ultra Broadband Networks, (ii) IP Networks and Applications, and (iii) Nokia Technologies. It offers mobile networking solutions, radio access network solutions, Internet protocol multimedia subsystem/voice over LTE, and network planning, implementation, operations, and maintenance solutions. Nokia was founded in 1865 and is headquartered in Espoo, Finland.

Stock Performance Snapshot

January 11, 2018 - At Thursday's closing bell, Nokia's stock slightly dropped 0.62%, ending the trading session at $4.82.

Volume traded for the day: 9.87 million shares.

Stock performance in the last month – up 5.24%; past twelve-month period – up 0.84%; and year-to-date - up 3.43%

After yesterday's close, Nokia's market cap was at $27.75 billion.

The stock has a dividend yield of 3.73%.

The stock is part of the Technology sector, categorized under the Communication Equipment industry. This sector was up 0.4% at the end of the session.


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