NOK

Healthy momentum of 5G deals across the globe is likely to have led to higher revenues for Nokia (NOK) in third-quarter 2020 on a year-over-year basis.

Press ReleaseNokia signs seven-year deal with POST Luxembourg to provide 10Gbs broadband speed * Upgrade from gigabit passive optical network (GPON) to XGS-PON allows POST Luxembourg to offer up to 10Gbs data rates * POST to deploy Nokia’s new, next generation multi-PON technology including combined GPON / XGS-PON optical line cards for smooth migration * Nokia and POST Luxembourg continue their long-term partnership in the fixed access area27 October, 2020Espoo, Finland – Nokia today announced a new, seven-year agreement to support POST Luxembourg in supplying ultra high-speed fiber access to consumers and businesses across the country. The deal confirms Nokia as the main supplier for fixed access to the operator, building on the long-standing relationship of the two companies. POST will deploy Nokia’s Multi-PON line cards, supporting GPON and XGS-PON simultaneously, and thereby reducing migration costs and effort.POST Luxembourg is the leading provider of fixed fiber access in the country, with an extensive DSL (Digital Subscriber Line) and GPON installed base. 72% of the Grand Duchy is already covered with fiber access. Nokia supports the operator’s plans to upgrade the network to XGS-PON, a new fiber access technology that can provide ultra-fast broadband speeds of up to 10Gbps for both downstream and upstream compared with the current maximum of 2.5Gbps. As the demand for bandwidth from consumers and businesses grows, Nokia multi-PON technology allows POST Luxembourg to bring new ultra-fast broadband services to the market quickly. In addition, the migration process allows POST to do the upgrades for customers with a minimum interruption to their service.The deal to bring reliable ultra-fast network services to customers strengthens POST’s position in Luxembourg and its capital, Luxembourg City, a major European hotspot for banks and large international companies, such as Amazon. Being one of the four capitals of the European Community, Luxembourg is also home to the Court of Justice for the European Union: making it a vital component of the region’s infrastructure. Gaston Bohnenberger, Director of POST Technologies at POST Luxembourg, said: “The choice for Nokia was made based on multiple factors: the long-standing partnership in the fixed access domain, the easiness of migration reducing the customer impact and Nokia’s optical networking technology. Demand for data is growing at a phenomenal rate. We need to make sure we can not only meet the needs now, but offer the fastest access and best service quality for our business and residential customers also in the future.”Sandra Motley, President of Fixed Networks at Nokia, said: “We are delighted to support POST Luxembourg’s ambitious strategy with our Multi-PON technology. The operator will utilize this technology to provide a futureproof network and up to 10Gbs broadband speeds for its customers, and do that with reduced migration costs and minimal interruption in the current services.”Nokia is the innovation leader in every established and emerging fixed access technology. Nokia’s solutions are used in the largest, fastest, and most advanced fixed broadband networks in the world. Nokia has 37 XGS-PON and 300 GPON deployments worldwide, being the only vendor with a leading market position in all regions.Resources * Web page: Nokia Fiber (FTTH), Accelerate into Gigabit fiber * Blog: Multi-PON enables NG-PON migration your way * Web page: Nokia 25G PON – Beyond next-generation PONAbout NokiaWe create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokiaMedia Inquiries:Nokia CommunicationsPhone: +358 10 448 4900Email: press.services@nokia.com

Press ReleaseNokia selected for EU aviation communication, navigation and surveillance research project27 October 2020Espoo, Finland – Nokia, alongside Honeywell International as consortium lead, has been selected as part of Project FACT (Future All Aviation CNS Technology), an innovative research and development program initiated under the SESAR 2020 program, managed by the Single European Sky ATM Research (SESAR) Joint Undertaking.Nokia will provide 4G and 5G mission-critical infrastructure, consulting and services to Project FACT, which will research future deployment of a new, consistent technology platform for communication, navigation and surveillance (CNS) services across air traffic management (ATM).Mervyn Harris, Head of Air Traffic Management, Nokia said: “Project FACT is an ambitious endeavor that seeks to increase safety, security, efficiency and resilience of future air traffic communications globally through development of an integrated, next-generation CNS architecture.“As part of the SESAR ATM Master Plan, Project FACT seeks to maximize the benefits of high-bandwidth connectivity that can handle fast-growing data volumes while also preserving utmost safety standards. This consortium assembles outstanding levels of complementary skills and expertise, and Nokia is eager to apply its aviation domain experience and industry-specific technical insight.”Petr Casek, Lead R&D engineer, Honeywell International and Project FACT Manager said: “We are very pleased to work with Nokia in this project. This project brings the best of two worlds together and paves the way for future high availability and improvements in quality data and communication infrastructure. “It is exciting to see leading engineers from the telecommunications world working together with experts from the aviation sector in this project. We can only expect great results to be delivered, setting new standards that can apply on a global scale.”                The FACT Project will deliver updates to existing CNS technologies, where it is anticipated that applications such as controller-pilot datalink communications – the method by which air traffic controllers communicate with pilots – can also be deployed over new and emerging high-bandwidth mobile broadband technologies. The project will also research potential integration of today’s conventional ATM systems with emerging U-Space services such as drones and other unmanned aerial vehicles.Nokia will be responsible for leading a feasibility study and test specification for the evolution of legacy CNS systems to a new integrated approach. Nokia laboratory trials are projected to take place in the summer of 2021, with field testing by June 2022.Harris added: “With current mobile communications to the aircraft cockpit using limited bandwidth technology, there is a need to manage an effective transition to a more robust and scalable IP-based technology capable of handling high speeds with low latency. Project FACT has the potential to help transform CNS to meet this goal, with safety and legacy services migration support as high priorities.” Making a transformational move away from legacy non-IP based systems, the project will enable digitalized operators to test 4G and 5G for use in aviation, supporting a common performance-based approach, and addressing the future fast-growing spectrum needs of airspace users across varied operational environments.Program FACT participants include Honeywell International as consortium lead, AOPA-Germany, Eskisehir Teknik Üniversitesi, EUROCONTROL, İstanbul Teknik Üniversitesi, Nokia and Sarp Havacilik Lojistik Turizm Sanayi ve Tic A.S. The project is receiving funding from the SESAR Joint Undertaking under the EU Horizon 2020 research and innovation program.Nokia is active in the aviation industry as a key technology provider to the European Aviation Network project. In November 2019, it was announced that Nokia will upgrade the entire ground-to-ground networking infrastructure for ENAV, transitioning its network to the new ENET-2 architecture. Nokia has also announced successful deployment of the Irish Aviation Authority’s next-generation air traffic control network at its new West Ireland disaster recovery center.As the technology pillar of Europe’s Single European Sky (SES) initiative, the SESAR Joint Undertaking coordinates and concentrates all EU research and development activities in ATM, pooling a wealth of expertise to develop the new generation of ATM. Today, the SESAR Joint undertaking currently involves around 1,500 experts in Europe and beyond.This project has received funding from the SESAR Joint Undertaking under the European Union's Horizon 2020 research and innovation program under grant agreement No 894616.Additional resources * Web page: Nokia and aviationAbout Nokia  We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.  Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com  and follow us on Twitter @nokia. Media Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com

Nokia (NOK) is selected by NASA to facilitate the deployment of first 4G, LTE wireless communications on the lunar surface to support future moon missions.

Nokia (NOK) has announced that it has been selected by Finnish Shared Network Ltd (SYV) – a joint operation by DNA Oyj and Telia Finland Oyj – as a supplier of 5G radio network equipment including deployment and managed services.The modernized network will enable SYV to provide advanced 5G services in a cost-efficient manner across northern and eastern parts of Finland, Nokia explained.The deal will see Nokia replace SYV’s current radio access network equipment, offer digital deployment for faster time to market, and comprehensive managed services over the course of the three-year rollout.Nokia will be the provider responsible for the network infrastructure upgrade, providing field maintenance, network monitoring and implementation services. The deployment of this entirely new infrastructure will begin in early 2021 and is expected to be completed by the end of 2023.Tommi Uitto of Nokia, stated: “We take great pride in being selected as the trusted partner to modernize SYV’s network infrastructure and pave the way to a 5G-enabled future for its customers. Our product and service portfolio is ideal for organizations aiming to capitalize on the latest technology trends.”Shares in the Finnish telecom giant are up 16% on a year-to-date basis. With an average price target of $5.22, analysts forecast upside potential of 21% over the next year. Meanwhile the cautiously optimistic Moderate Buy analyst consensus breaks down into 4 Buys versus 3 Holds.Northland analyst Tim Savageaux has a Buy rating on the stock with a Street high $6.50 price target (51% upside potential). He believes that Nokia’s recent entry into the Data Center switch market presents a sound opportunity and “serves as a timely reminder of the breadth and depth of NOK technology capabilities beyond wireless.”“While we continue to find NOK shares compelling from a sum of parts perspective, given the positive impact of increased traffic demands across the company’s IP/Optical and Fixed Access segments, we also find the stand alone fundamental story compelling,” he summed up. (See Nokia stock analysis on TipRanks)Related News: Carlyle To Snap Up Majority Stake In Funds Network Calastone; Analyst Says Buy Blackstone In $1.2B Deal To Buy Simply Self Storage – Report SAP Slashes 2020 Guidance As Covid-19 Surge Slows Recovery More recent articles from Smarter Analyst: * Ant Group Sets Hong Kong List Price For Blockbuster IPO- Report * Hasbro Sales Beat The Street On Board Games Demand; Shares Drop 7% * Barnes' 3Q Profit Drops 66%, Sees Lower 4Q Sales * Citigroup Turns Bullish On Winnebago, Sees 30% Upside

Press ReleaseNokia wins 5G deal with Finnish Shared Network (SYV) * Nokia has been selected as a supplier for SYV’s radio access network (RAN) equipment and managed services * The deal includes the rollout of 5G RAN equipment and modernization of existing 2G, 3G and 4G sites across northern and eastern Finland * Three-year rollout will begin in early 2021 and is planned to be completed by the end of 2023.26 October 2020Espoo, Finland – Nokia today announced it has been selected by Finnish Shared Network Ltd (SYV) – a joint operation by DNA Oyj and Telia Finland Oyj – as a supplier of 5G radio network equipment including deployment and managed services. The modernized network will enable SYV to provide advanced 5G services in a cost-efficient manner across northern and eastern parts of Finland. The deal will see Nokia replace SYV’s current radio access network equipment, offer digital deployment for faster time to market, and comprehensive managed services over the course of the three-year rollout. The overhaul is primarily driven by 5G deployment and will enable SYV to future-proof its infrastructure for the next generation of digital services, whilst improving current 2G, 3G and 4G capabilities across the sites. Nokia will be the provider responsible for the network infrastructure upgrade, providing field maintenance, network monitoring and implementation services in over 50 percent of the country area across eastern and northern Finland. The deployment of this entirely new infrastructure will begin in early 2021 and is expected to be completed by the end of 2023.The network modernization project will involve upgrading RAN equipment across the existing 2G, 3G, and 4G networks as well as the deployment of the new 5G network. This includes all existing base stations, base station controllers, radio network controller and IP transport for the connection to the core infrastructures of DNA Oyj and Telia Finland Oyj. Operations Support Systems and reporting systems will also be upgraded. Nokia will be responsible for deploying and managing the new network, supporting a range of business models and operating capabilities that will enable SYV to optimize the cost of operations whilst improving service and network performance.   Antti Jokinen, CEO of SYV, said: “When evaluating potential long-term partners to help us modernize our network infrastructure, we chose Nokia for its expertise in the market as well as the comprehensive set of sustainable and secure solutions it offers. Aside from the radio and IP connectivity equipment we needed as part of our 5G network deployment, Nokia’s wide range of managed services and impeccable global reputation meant it stood out as a reliable vendor to help us future proof our infrastructure investment. We look forward to cooperating with the Nokia team to provide 5G-enabled services in the very near future in an efficient manner.”Tommi Uitto, President, Mobile Networks, Nokia, stated: “We take great pride in being selected as the trusted partner to modernize SYV’s network infrastructure and pave the way to a 5G-enabled future for its customers. Our product and service portfolio is ideal for organizations aiming to capitalize on the latest technology trends. We look forward to working closely with SYV to help them bring DNA’s and Telia’s end customers the best 5G coverage and services across northern and eastern parts of Finland.”Nokia is a global leader in 5G with the industry's only end-to-end portfolio that is available globally. With more than 160 commercial engagements underway, our 5G solutions, software and services allow our customers to take advantage of the promise of this next generation of network technology. Learn more about Nokia 5G.Resources * Webpage : Nokia AirScale * Webpage : Nokia Single RAN * Webpage : Nokia 5G Anyhaul TransportAbout Nokia We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks. Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.Media Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.comAbout Finnish Shared Network Ltd (SYV) The Finnish Shared Network Ltd (a.k.a. Suomen Yhteisverkko Oy, acronym SYV) is a joint operation by DNA Oyj (part of Telenor Group) and Telia Finland Oyj (part of Telia Company). The company is responsible for development, design, construction, and maintenance of a shared mobile network infrastructure in Northern and Eastern Finland.About DNA DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. We are Finland's largest cable TV operator. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The company was ranked the best employer in Finland in the large companies category of the 2019 Great Place to Work survey. In 2019, our net sales were EUR 942 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.About Telia In recent years, Telia has grown from a traditional telecommunications operator to a modern technology and media company offering a wide range of telecommunications, IT and digital services to its millions of consumer and business customers. Telia has 4,000 employees and 4.3 million subscription customers in Finland. We invest each year about EUR 200 million in connections in Finland. www.telia.fi    Telia Finland is part of Telia Company, which operates mainly in the Nordic and Baltic countries. The company's turnover in 2019 was EUR 9.8 billion. The company is committed to being CO2 neutral and waste-free throughout its value chain from suppliers to customers by 2030. www.teliacompany.com.

(Bloomberg) -- Lee Kun-hee, who transformed Samsung Electronics Co. from a copycat South Korean appliance maker into the world’s biggest producer of smartphones, televisions and memory chips, has died. He was 78.Lee passed away on Sunday with his family by his side, the company said in a statement, without mentioning the cause of death. He had surgery in 2014 after a heart attack and was treated for lung cancer in the late 1990s.Lee, who told employees to “change everything except your wife and children” during his drive to foster innovation and challenge rivals such as Sony Corp., was South Korea’s richest person. He had an estimated net worth of $20.7 billion, according to the Bloomberg Billionaires Index. Samsung, the biggest of South Korea’s family-run industrial groups, known as chaebol, has been led by his only son since the heart attack.“Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business,” the company said. “His legacy will be everlasting.”Named one of the world’s 100 most influential people by Time magazine in 2005, Lee began overhauling Samsung Electronics after he saw the company’s products gathering dust in a Los Angeles electronics store, according to “The Lee Kun Hee Story,” a 2010 biography by Lee Kyung-sik. The Suwon, South Korea-based company had become known for cheap, low-quality electronics gear and was in the “second phase of cancer,” sending out 6,000 people to fix products made by 30,000 employees, Lee said in 1993, according to the biography.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Apple’s (NASDAQ:AAPL) iPhone event on Oct. 13 has made many investors more interested in the shares of companies that are involved in the 5G space. One such name is Nokia stock. Source: RistoH / Shutterstock.com Recent research by Nokia and Nokia Bell Labs determined that “5G-enabled industries have the potential to add $8 trillion to global GDP by 2030, as COVID-19 accelerates medium and long-term digital investment and value creation… Companies at an advanced level of 5G adoption were the only group to experience a net increase in productivity (+10%) following COVID-19, and the only group able to maintain or increase customer engagement during the pandemic.” The report continues, “across 8 economies  – Australia, Germany, Finland, Japan, Saudi Arabia, South Korea, the UK and the US – 50% of companies are at the midway level on 5G readiness, between initial planning, trials and deployment, compared to just 7% that are classed as 5G mature.”InvestorPlace - Stock Market News, Stock Advice & Trading Tips Now investors may wonder if they should buy the shares of Nokia, one of the companies that is leading the global deployment of 5G networks. The company is expected to report earnings at the end of October. Between now and then, Nokia stock may be choppy, especially given the increased volatility levels of the stock market during this busy earnings season. However, long-term investors may regard dips by Nokia as a good opportunity to buy its shares. Here’s why. Nokia’s Q2 Results Finland-based Nokia makes telecom-grade networking equipment. In 2013, it sold its fading mobile-phone business to Microsoft (NASDAQ:MSFT). Then management changed course, re-positioning the company as a networking firm, and, more recently, as a 5G-equipment business. 7 Airline Stocks to Buy on Pelosi Stimulus Hopes The company released its Q2 results in late July. Last quarter, Nokia’s sales dropped 11% year-over-year to 5.09 billion euros. On the other hand, its profit, excluding certain items, came in at 316 million euros, compared to 258 million euros during the same period a year earlier. Investors were pleased with Nokia’s cash flow and profitability. Over the past several quarters, Nokia has been increasing its large-scale capital investments, particularly in 5G networking. Its most important clients are communication service providers. The company has signed several important deals to introduce 5G networks in a number of countries. For instance, in late September, it signed a major 5G equipment agreement with BT (OTCMKTS:BTGOF), the U.K.’s biggest telecom  company. In October, Verizon Communications (NYSE:VZ) announced it had chosen  Nokia to provide private 5G networks outside the U.S., mainly in Europe and the Asia-Pacific. NASA has also recently selected Nokia as a partner to build the first LTE/4G communications system on the moon. Analysts believe that, going forward, the proliferation of 5G technology will likely drive Nokia’s growth. Their median price target on Nokia stock is $5.27. The shares’ forward price-earnings and price-sales ratios stand at 12.94 and 0.89, respectively. More value investors may begin to buy the shares. The Bottom Line on Nokia Stock In recent quarters, Nokia’s management has put more emphasis on getting 5G contracts. Its recent 5G wins have shown that those efforts are beginning to pay off. I believe that Nokia stock price will likely go over $5 in the coming weeks, and it could possibly go even higher than that. Therefore, long-term investors should consider buying it around its current levels. Meanwhile, the company could even become a takeover target. Alternatively, those investors who are interested in 5G names but do not want to buy the stock may consider purchasing the shares of an exchange-traded fund (ETF) that owns the company. Examples of such funds include the Defiance 5G Next Gen Connectivity ETF (NYSE:FIVG), the First Trust IndXX NextG ETF (NASDAQ:NXTG), and the Defiance Quantum ETF (NYSE:QTUM). On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. She also publishes educational articles on long-term investing. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company The post Long-Term Investors Can Consider Investing in Nokia appeared first on InvestorPlace.