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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Oyj    NOKIA   FI0009000681

NOKIA OYJ

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Nokia Oyj : Got any signal up here? Nokia to build mobile network on the moon

10/19/2020 | 08:06am EST
FILE PHOTO: The logo and ticker for Nokia are displayed on a screen on the floor of the NYSE in New York

HELSINKI (Reuters) - Struggling to get a phone signal at home on planet Earth? Perhaps you'll have better luck on the moon.

Nokia has been selected by NASA to build the first cellular network on the moon, the Finnish company said on Monday, as the U.S. space agency plans for a future where humans return there and establish lunar settlements.

NASA aims to return humans to the moon by 2024 and dig in for a long-term presence there under its Artemis programme.

Nokia said the first wireless broadband communications system in space would be built on the lunar surface in late 2022, before humans make it back there.

It will partner with a Texas-based private space craft design company, Intuitive Machines, to deliver the equipment to the moon on their lunar lander. The network will configure itself and establish a 4G/LTE communications system on the moon, Nokia said, though the aim would be to eventually switch to 5G

The network will give astronauts voice and video communications capabilities, and allow telemetry and biometric data exchange, as well as the deployment and remote control of lunar rovers and other robotic devices, according to the company.

The network will be designed to withstand the extreme conditions of the launch and lunar landing, and to operate in space. It will have to be sent to the moon in an extremely compact form to meet the stringent size, weight and power constraints of space payloads.

Nokia said the network would be using 4G/LTE, in use worldwide for the last decade, instead of the latest 5G technology, because the former was a more known quantity with proven reliability. The company would also "pursue space applications of LTE's successor technology, 5G".

(Reporting by Anne Kauranen; Editing by Edmund Blair and Pravin Char)

By Anne Kauranen


© Reuters 2020
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Financials
Sales 2020 21 652 M 26 110 M 26 110 M
Net income 2020 662 M 798 M 798 M
Net cash 2020 1 982 M 2 390 M 2 390 M
P/E ratio 2020 29,5x
Yield 2020 0,16%
Capitalization 18 781 M 22 639 M 22 648 M
EV / Sales 2020 0,78x
EV / Sales 2021 0,76x
Nbr of Employees 94 250
Free-Float 93,3%
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 3,64 €
Last Close Price 3,34 €
Spread / Highest target 55,9%
Spread / Average Target 9,07%
Spread / Lowest Target -37,6%
EPS Revisions
Managers
NameTitle
Pekka Ilmari Lundmark President & Chief Executive Officer
Sari Maritta Baldauf Chairman
Marco Wirén Chief Financial Officer
Marcus Weldon Chief Technology Officer
Kari Henrik Stadigh Vice Chairman
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