Nokia Corporation Sponsored American Depositary Shares (NOK)
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Nokia Corp is a global technology company that specializes in telecommunications and networking solutions
It provides a wide range of products and services, including mobile and fixed network infrastructure, software, and services aimed at enhancing communication networks. The company is known for its innovations in 5G technology and the Internet of Things (IoT), helping businesses and governments to connect people and devices efficiently. Additionally, Nokia offers solutions in areas such as cloud networking, private wireless networks, and network security, catering to various industries ranging from telecommunications to transportation and manufacturing. Through its focus on research and development, Nokia aims to drive the digital transformation of networks and contribute to the development of smarter, more connected societies.
Nokia Corporation announced two major deals, one with Worldstream to adopt its network security technology and the other with Hetzner to upgrade its data center and network infrastructure.
Nokia chosen by Vodafone Idea Limited to expand and modernize its IP backhaul network in India. Agreement includes deployment of Nokia's latest IP/MPLS solutions.
Nokia and Canal+ Telecom have partnered to expand broadband access in the Caribbean by enhancing fiber networks in French Guiana and Guadeloupe. This collaboration aims to deliver multi-gigabit Fiber-to-the-Home (FTTH) services, bridge the digital divide, and foster economic growth.
While details are scarce at this point, the platform will use open application programming interfaces (API) and large language models to optimize networks in real time.
Nokia partners with Proximus Global to integrate APIs and expand reach for enterprise applications. Also partners with Globe Telecom for enhanced security.
The solution uses Nokia’s 5G technology, Verizon’s public 5G network and management solutions. Testing was performed using a hybrid user equipment that switches between commercial 5G and LPx (low probability of intercept) waveforms.
Nokia shares are trading higher by 5.9% during Monday's session. The company announced, along with industry leaders, an acceleration of AI-RAN development.
Despite the mixed Q4 results, Infinera’s stock gained after-market as the company announced that it expects its merger with Nokia’s wholly-owned subsidiary, Neptune of America Corp., to be completed on or before Friday.
Post Hotard’s departure, Intel’s AI business will be headed by Karin Eibschitz Segal in the interim as the company looks for a full-time replacement. Segal has recently led Intel’s Validation Engineering department.
Nokia announces a leadership change. CEO Pekka Lundmark will step down in March 2025. Justin Hotard, with over 25 years of tech industry experience, will succeed him on April 1, 2025.
