Nokia Corporation Sponsored American Depositary Shares (NOK)
5.0943
+0.2143 (4.39%)
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.
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.
Nokia’s expansion of the AT&T deal comes a day after the Finnish networking giant bagged a contract to upgrade New York’s largest internet exchange backbone.
The Finnish networking giant will upgrade the backbone to 400-gigabit Ethernet (GE) using optical technology. This will interconnect DE-CIX’s 10 data center facilities.
The company said its strong performance in the fourth quarter and healthy exit from 2024 were due to a strong recovery in demand from communication service providers, especially in North America.
