Nokia (NOK) Inks Five-Year 5G Deal With Ooredoo Group
Nokia Corp. NOK has been selected by Ooredoo Group to deploy multiple technologies, including 5G, radio access network, Core, Optics, IP and microwave, in the Middle East, North Africa and Southeast Asia.
Headquartered in Doha, Qatar, Ooredoo is a multinational telecommunications company that provides wireless, wireline and content services.
The multi-country, five-year deal builds on Nokia’s partnership with Ooredoo. It will see Nokia expand Ooredoo’s existing network and introduce 5G services. The deployment is expected to be completed by 2026 in these countries.
Per the deal, Nokia will deploy equipment from its AirScale RAN portfolio on sites across North Africa and Southeast Asia. Nokia’s AirScale radio platform has the capability of delivering 5G services to customers across different spectrum bands. The deal covers digital deployment services for a faster time to market and technical support.
Nokia’s shares have gained 37.7% in the past year compared with the industry’s growth of 17.8%.
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Nokia will provide its cloud-native Core software to give Ooredoo automation capabilities that will drive a greater scale. With Nokia’s advanced technology, Ooredoo will be able to introduce new services for smart cities, transportation and public safety quickly.
Nokia’s optical solutions will expand Ooredoo’s network, providing improved network flexibility and operational automation. Nokia’s microwave transport supports 5G microwave growth and new spectrum like E-band.
Ooredoo intends to modernize its network by rolling out world-class 4G and 5G services across North Africa and Southeast Asia. Nokia continues to deliver robust networks to Ooredoo’s customers so that they can experience faster speeds and more bandwidth.
Nokia is a leader in the 5G Standalone Core market and has reached 4,000 patent families, declared as essential to 5G standards. The company is well-poised to benefit from the growing demand for next-generation connectivity.
NOK currently carries a Zacks Rank #3 (Hold). You can see
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