Finland

New optical networking powerhouse to demonstrate bolstered product portfolio and pioneering innovations. Nokia offers solutions and industry firsts to help network operators more efficiently address capacity demands driven by rapid growth in data center builds and AI workloads. Nokia to hold executive briefing at OFC50 to provide optical insights in the era of AI. 25 March 2025: Espoo, Finland – Nokia announced today that it will be showcasing its comprehensive set of networking solutions designed to help operators network the cloud and meet the connectivity challenges of the artificial intelligence (AI) era at the OFC50 conference in San Francisco to be held March 30 to April 3, 2025. The increasing prevalence of cloud-based services and applications, notably AI workloads, is driving significant increases in data center capacity. New AI services delivered by cloud service providers, including hyperscale and webscale operators, internet exchange and colocation providers, and CSPs who are building dedicated managed optical fiber networks and data centers in support of AI initiatives, all require optimized solutions that can enable simple network scaling while minimizing power consumption. “The solution to challenges posed by AI and cloud-based connectivity demands starts with scale, but it certainly doesn’t end there. Nokia’s expanded portfolio of optical network solutions and technology capabilities delivers tangible network value that supports our customers’ long-term business success. At OFC50, it’s our pleasure to show these off publicly for the first time. Visitors to this iconic show will find Nokia occupying two booths; because there’s simply too much innovation to fit into just one,” said James Watt, Senior Vice President and General Manager of Optical Networks at Nokia. The Nokia solutions portfolio, which includes several new pioneering innovations, will help network operators more efficiently address capacity demands driven by rapid …

Source: MyPR International

Nokia Broadband Easy digital platform and services accelerate fiber rollouts by 20%. Advanced automation and AI models make fiber buildouts better and more efficient. Lower total cost of ownership (TCO) of fiber deployments enables broadband providers to extend coverage to unconnected and underserved communities. 24 March 2025: Amsterdam, Netherlands – Nokia today announced the launch of Broadband Easy, a digital platform and set of services that help operators streamline and accelerate the process of deploying fiber. The digital platform gives operators full visibility and control of the entire fiber rollout process, while advanced automation and AI models help ensure design, installations, and budget of the project are optimized. The challenge for many operators will be rolling out fiber to the next billion homes in rural or underserved areas. Those that can digitalize the fiber rollout process are more likely to see a better return, and according to McKinsey can achieve 10 to 25 percent savings through efficiencies in the process, automation and AI technologies1. Nokia’s Broadband Easy allows operators to digitalize the fiber deployment process, providing a modular platform that easily integrates into the existing IT stack. Operators can use Broadband Easy to centrally manage the fiber deployment process, control the subcontractors and mitigate risks. Additional automation features help to optimize design and field activities by real time data exchange, certifying the fiber plant, and generating accurate inventory data. Broadband Easy also uses AI models to increase the quality of field installations, using AI to verify and accept the installation of components, to control ports allocated to subscribers, and provide on-site training and guidance to field technicians Nokia design and rollout management services can help those operators that want to further offload their fiber roll out process. Broadband Easy supports the operators preferred …

Source: MyPR International

Nokia today provided recast comparative financial information for Mobile Networks and Cloud and Network Services segments for Q1-Q4 2024 reflecting the transfer of the Managed Services business. Managed Services business transferred from Cloud and Network Services into Mobile Networks in 2025 Effective 1 January 2025, Nokia moved its Managed Services business into its Mobile Networks business group. The Managed Services business provides outsourced network management of multi-vendor RAN networks for operators and, since 2021, has been part of Nokia’s Cloud and Network Services business group. As the Cloud and Network Services business group is increasingly transitioning towards cloud-native software sales, 'as-a-service' product offerings and helping customers to monetize networks through API's, Nokia believes that Managed Services is more aligned and fits better with its Mobile Networks business group. To provide a basis for comparison, the following tables present summarized income statement information for Cloud and Network Services and Mobile Networks on an unaudited basis for all quarters and the full year of 2024, reflecting the transfer of the Managed Services business. Mobile Networks EUR million Q1'24 Q2'24 Q3'24 Q4'24 Q1-Q4'24 Net sales 1 682 2 078 1 854 2 545 8 159 Gross profit 688 868 713 950 3 219 Gross margin % 40.9%         41.8%         38.5%         37.3% 39.5% Research and development expenses (544) (538) (520) (558) (2 160) Selling, general and administrative expenses (180) (191) (182) (203) (756) Other operating income and expenses 4 43 91 12 149 Operating profit/(loss) (32) 182 101 201 452 Operating margin % (1.9)%         8.8%         5.4%         7.9% 5.5% Other segment items           Depreciation and amortization (92) (99) (92) (94) (377)   Cloud and Network Services EUR …

Source: MyPR International

New, compact 5G Fixed Wireless Access (FWA) gateway with Wi-Fi 7, designed to deliver seamless 5G speeds throughout the home for an enhanced user experience, Delivers superior performance enabling Wi-Fi speeds of up to 4Gbps for faster, more reliable connectivity. Nokia comprehensive FastMile gateway portfolio now includes more FWA options including indoor, outdoor and window mount options to meet operator needs. 20 March 2025: Amsterdam, Netherlands – Nokia today announced the launch of the FastMile Gateway 4, a new compact 5G indoor gateway with Wi-Fi 7 that enables operators to deliver 5G speeds throughout the home for the ultimate consumer experience. The new Nokia FastMile 5G gateway features high-gain antennas (up to 8 dBi), and dual-band Wi-Fi 7 in a compact design that can be self-installed by the consumer in the home. With 4 carrier aggregation and up to 300MHz of bandwidth, the 5G gateway conserves radio capacity, improves coverage and maximizes throughput. The 5G Gateway 4 also supports 8RX and 3TX capabilities for improved spectrum efficiency, coverage and greater speeds along with Wi-Fi 7’s multi-link operation (MLO), delivering up to 4Gbps of Wi-Fi capacity in the home. This technology boosts connection speeds by enabling devices to send and receive data simultaneously across multiple frequency bands and channels. The Gateway 4 is powered by Nokia’s Corteca software, which supports value-added applications embedded in the device, cloud-based Wi-Fi optimization, and Wi-Fi device management based on open industry standards and EasyMesh. To help operators simplify and streamline installation, customers can access a simple, user-friendly mobile app that helps identify the optimal location to install the Nokia FWA gateway. Nokia’s 5G gateway portfolio now includes four Wi-Fi 7 models scaled to suit the demands of different operators and end users. Nokia's expanded portfolio helps advance 5G FWA services, ensuring operators can easily …

Source: MyPR International

Espoo, Finland – Nokia has today published its Nokia in 2024 Annual Report, which includes audited financial statements, the annual review by the Board of Directors, including the Sustainability Statement, Nokia’s corporate governance statement and the Remuneration Report for the governing bodies for 2024. Additionally, Nokia has filed its Annual Report on Form 20-F for 2024 with the U.S. Securities and Exchange Commission. The Nokia in 2024 Annual Report and the Annual Report on Form 20-F will be available in PDF format at www.nokia.com/financials. The corporate governance statement will be available also at www.nokia.com/about-us/company/leadership-and-governance and the Remuneration Report at https://www.nokia.com/about-us/company/leadership-and-governance/remuneration/. The financial statements are also published in XHTML format in accordance with the European Single Electronic Format (ESEF) reporting requirements. In accordance with ESEF requirements, the consolidated financial statements are marked with iXBRL tags. The audit firm Deloitte Oy has provided an independent auditor’s report on Nokia’s ESEF financial statements based on a reasonable assurance engagement it has performed in accordance with International Standard on Assurance Engagements ISAE 3000. The ESEF financial statements in Finnish are available in the zip file attached to this release and at https://www.nokia.com/about-us/investors/results-reports/. Nokia’s Sustainability Statement, published as part of the annual review by the Board of Directors, is prepared in accordance with the European Sustainability Reporting Standards (ESRS), the reporting standards referred to in Chapter 7 of the Finnish Accounting Act and Article 8 of the EU Taxonomy Regulation and it has been assured by Deloitte Oy which has provided a limited assurance report in accordance with International Standard on Assurance Engagements ISAE 3000 (revised). About Nokia At Nokia, we create technology that helps …

Source: MyPR International

Espoo, Finland – A total of 586 875 Nokia shares (NOKIA) held by the company were transferred today without consideration to participants of Nokia's equity-based incentive plans in accordance with the rules of the plans. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the plans as announced on 22 November 2024. The number of own shares held by Nokia Corporation following the transfer is 145 461 100. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com …

Source: MyPR International

The parties will further develop APIs to enable developers to create new applications for enterprises, including financial services and healthcare. 4 March 2025: Espoo, Finland – Proximus Global, the leading global digital communications company combining the strengths of BICS, Telesign and Route Mobile, today announced that it will partner with Nokia to explore opportunities that utilize their respective strengths in network API solutions to support developers as they create new applications for enterprises. The collaboration aims to expose Proximus Global and Nokia APIs on each other’s marketplaces, bridging the gap between the various industry segments and the telecom ecosystem. Proximus Global’s network APIs will be exposed on Nokia’s Network as Code platform with developer portal, while Nokia will benefit from Proximus Global’s presence within the telco market to make its CAMARA and 5G APIs available globally. The collaboration will enable enterprises and operators to leverage rapidly expanding API capabilities within a range of areas, including network slicing, a key enabler in 5G private networks, as well as fraud protection and other services. Proximus Global will also seek to utilize Nokia’s Network Exposure Platform and its Enterprise API Hub to give developers easy access to Proximus Global’s network capabilities for creating software applications that work across its 5G and 4G networks. Nokia’s Network Exposure Platform is an implementation of the GSMA Operator Platform, a standard for a common platform exposing operator capabilities to developers. “Proximus Global has traditionally offered a rich set of communication API through our CPaaS offering. We aim now to complement these with network API to allow enterprise and developers to easily access network capabilities. Our collaboration with Nokia will strengthen our API capabilities, and the work we are doing with developers, all with the aim of providing Proximus Global enterprise and …

Source: MyPR International

Boost Mobile utilizes Nokia’s fully cloud-native 5G Voice Core to enable faster deployment of new 5G services, enhanced network automation, and more efficient cloud utilization. 3 March 2025: Espoo, Finland – Boost Mobile, the newest U.S. nationwide carrier, has deployed Nokia’s fully cloud-native 5G Voice Core to enable even faster delivery of advanced services, enhanced network automation, and more efficient cloud utilization than its Open RAN cloud-native network could before. The deployment includes the consolidation of several IMS voice 3GPP functionalities into a single cloud-native network function (CNF), called Nokia Cloud Native Communication Suite (CNCS). This migration, from Boost Mobile’s previous distributed IMS voice core by Nokia, provides automated deployment and configuration, reduced infrastructure and carbon footprint, and lower operational costs through streamlined life cycle management. “We anticipate Nokia’s 5G Voice Core to help reduce our network infrastructure costs by about 70 percent in addition to delivering new 5G services faster, with significantly streamlined network operations,” said Dawood Shahdad, Vice President of Core Engineering at Boost Mobile. “Boost Mobile continues to push boundaries with our Open RAN 5G network and the successful nationwide deployment of Nokia’s cloud-native next-generation voice core marks a pivotal moment in our network evolution, as this new network element advances our vision of end-to-end orchestration and dynamic scaling on our path toward 6G.” CNCS improves energy efficiency by about 10 percent to 20 percent, relative to a standard IMS Voice Core, according to Nokia data. “As the sole 5G Voice Core provider for Boost Mobile in the US, Nokia is extremely pleased to support Boost in this modernization project and the close partnering that enabled it. This is another demonstration of Nokia’s technology leadership in helping our customers solve problems, address their customer needs, and …

Source: MyPR International

Nokia’s ecosystem of industry partnerships is driving advancements in AI-RAN architecture and the deployment and optimization of AI-powered Radio Access Networks. Collaboration helps lay the foundations for platform-as-a-service business models for operators offering scalable computing infrastructure and capabilities for AI and other services in addition to connectivity. Nokia opens AI-RAN Center in Dallas, U.S to accelerate development of AI-RAN with partners. AI-RAN will have a transformative impact on the future of telecommunications infrastructure and services. 2 March 2025: Espoo, Finland – At Mobile World Congress 2025, Nokia and its ecosystem of industry partners, KDDI, SoftBank Corp., T-Mobile US, and NVIDIA today outlined the advances made in the deployment and optimization of revolutionary AI-powered Radio Access Networks (RAN) as well as the future architecture for AI-RAN. These joint efforts will lay the foundations for developing platform-as-a-service (PaaS) business models for CSPs, which helps them unlock new monetization opportunities by offering scalable computing infrastructure and capabilities for processing AI and other services. Under its anyRAN approach, Nokia is evolving Cloud RAN solutions to include AI computing in the shared infrastructure to maximize resource efficiency for operators. Nokia has taken a leadership role in exploring how AI will transform the future of telecommunications infrastructure and services. To accelerate the innovation and development of AI-RAN, Nokia is establishing an AI-RAN Center at its offices in Dallas, U.S. The center will enable Nokia’s partners to develop and test AI-RAN solutions in real-world network conditions with a focus on creating innovative use cases, prototypes, and to validate AI-RAN reference architecture. Nokia is also working with its industry partners across a range of initiatives including: Nokia and NVIDIA Over the past year, Nokia has worked closely with NVIDIA to assess …

Source: MyPR International

Espoo, Finland – A total of 127,434,986 Nokia shares (NOKIA) held by Nokia Corporation were transferred today to Citibank, N.A., the depositary bank for Nokia’s American Depositary Share facility, for the distribution by Citibank, N.A., in its capacity as Exchange Agent, to such shareholders of Infinera Corporation (“Infinera”) who have validly elected either share consideration or mixed consideration in connection with the completion of Nokia’s acquisition of Infinera, in the form of American Depositary Shares. As previously announced by Nokia, Nokia entered into the Agreement and Plan of Merger on 27 June 2024 among Neptune of America Corporation and Infinera (the “Merger Agreement”). The directed issuance of shares is based on the resolution of the Board of Directors on 22 November 2024. The subscription price for the Nokia share (NOKIA) is the closing price of Nokia’s share (NOKIA) on Nasdaq Helsinki on the date of closing of the merger, on 28 February 2025. The number of own shares held by Nokia Corporation following the transfer is 133,882,828. The rest of the merger consideration will be paid to the shareholders of Infinera in cash. Nokia has today published a separate press release regarding the completion of the Infinera acquisition. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create …

Source: MyPR International