Welcome to our dedicated page for Nokia Corporation news (Ticker: NOK), a resource for investors and traders seeking the latest updates and insights on Nokia Corporation stock.
Nokia Corporation (symbol: NOK) is a Finnish multinational enterprise established in 1865 that specializes in telecommunications, information technology, and consumer electronics. Headquartered in Espoo, Finland, Nokia is renowned for its telecom equipment and services that support both wireless and fixed-line networks.
Nokia operates through four main segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and its Research and Patent Division. Mobile Networks, the largest segment, provides equipment and services for the development of public wireless networks for telecom carriers. Meanwhile, Network Infrastructure focuses on fixed networks, delivering solutions and components for IP networks, optical networks, and submarine networks.
The nascent Cloud and Network Services segment is dedicated to offering enterprises as-a-service platforms. Additionally, Nokia's substantial research division and patent business license technologies used by handset makers, consumer electronics firms, and Internet of Things (IoT) product manufacturers.
Recently, Nokia announced a strategic partnership extension with Dell Technologies. This collaboration aims to leverage each company's expertise to promote open network architectures and enhance private 5G use cases among businesses. As part of this agreement, Dell becomes Nokia’s preferred infrastructure partner for existing Nokia AirFrame customers, and Nokia’s Digital Automation Cloud (NDAC) solution is designated as Dell's preferred private wireless platform for enterprise edge use cases.
Through this partnership, Nokia and Dell plan to integrate Nokia's NDAC solution with Dell’s NativeEdge edge operations software platform, offering a comprehensive and scalable solution for enterprises. This collaboration will also facilitate the transition of Nokia AirFrame customers to Dell’s infrastructure portfolio, including Dell PowerEdge servers, designed for modern telecom network workloads from core to edge to RAN.
Nokia's continuous innovation is driven by Nokia Bell Labs, ensuring secure, reliable, and sustainable network solutions. With its focus on digital transformation and global scale, Nokia remains a key player in the fields of mobile, fixed, and cloud networks, creating valuable intellectual property and spearheading research to address the future demands on networks.
Moelis & Company (NYSE: MC) announced management changes effective October 1, 2023. Elizabeth Crain, a Founding Partner and COO since 2007, has been appointed Vice Chair. She will lead critical strategic initiatives and client sponsorship globally. Kate Pilcher Ciafone, previously COO of Investment Banking since 2019, has been promoted to COO, taking over from Crain. Both leaders bring extensive experience in investment banking, aiming to drive the firm’s growth and strategic vision. Crain's leadership, recognized by Barron’s as one of the 100 Most Influential Women in U.S. Finance, strengthens Moelis’s commitment to delivering high-quality advice to clients worldwide.
Kyndryl and Nokia have announced a three-year extension of their global partnership to develop LTE and 5G private wireless services and Industry 4.0 solutions. The partnership includes Kyndryl achieving Nokia's Digital Automation Cloud (DAC) Advanced accreditation. A new innovation lab will open in Raleigh, North Carolina, focusing on integrated wireless connectivity and advanced security models. With over 100 active engagements globally, the collaboration aims to drive digital transformations in industrial sectors, notably involving enterprises such as Dow Chemical, enhancing worker safety and operational efficiency.
Knoxville Utilities Board (KUB) has partnered with LightSpeed Technologies to expand its fiber broadband services in Knoxville, Tennessee, and surrounding areas. The project, leveraging Nokia's XGS-PON technology, aims to provide symmetrical broadband access to over 478,000 customers. The initiative includes a multi-phase rollout, initially focused on building a fiber network backbone along existing electrical lines. This expansion addresses significant connectivity gaps, with many residents lacking access to multiple providers. KUB emphasizes the importance of affordable broadband solutions to bridge the digital divide in the community.
Nokia (NYSE: NOK) and T-Mobile (NASDAQ: TMUS) have announced a collaboration to develop 5G Private Mobile Networks and Hybrid Mobile Networks. This initiative is part of T-Mobile's new 5G Advanced Network Solutions, aimed at providing enterprise and government customers with enhanced connectivity, featuring faster speeds and lower latency. T-Mobile, leveraging its extensive 5G infrastructure, seeks to address limitations found in traditional Wi-Fi and wired networks, thus enhancing their performance and scalability with Nokia's technology.
Anterix (NASDAQ: ATEX) and Nokia (NYSE: NOK) have formed a partnership aimed at advancing the deployment of 900 MHz private LTE networks in the U.S. utility sector. Utilizing Anterix's licensed 900 MHz spectrum and Nokia's private LTE infrastructure, this collaboration seeks to enhance communication for utilities transitioning to more modern grids. The joint solution will leverage technologies like Nokia's Digital Automation Cloud and Modular Private Wireless, ensuring high-performance connectivity crucial for the digitalization and automation of utility operations.
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