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

NOKIA OYJ

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Nokia Oyj : selected as one of TELUS network infrastructure partners to provide transformational 5G mobile services for Canadians

11/23/2020 | 09:00am EST

23 November 2020 

Espoo, FinlandNokia today announced that TELUS is deploying a range of its solutions to support the Canadian operator deliver greater network scale, performance, and efficiency helping to strengthen and expand its 5G service offerings.

The Nokia solutions being deployed for 5G include its subscriber data management and the policy controller, as well as its NetAct network management, LTE indoor picocells and IP edge routers. 

Nokia’s products will allow TELUS to cost-effectively manage its network through near zero-touch automation and adherence to service level agreements while helping the operator deliver ultra-low network latency, reliability and security to its customers.

Nokia’s solutions provide the scale, performance and extensive service capabilities required to meet increasing customer demands. As a result, TELUS can establish a cloud-enabled network architecture for faster and more efficient delivery of new residential, business and mobile services.

“With an exponential increase in capacity, bandwidth and speed, 5G will change the way we live and work by fostering Canadian innovation and growing several key verticals of our economy,” said Ibrahim Gedeon, Chief Technology Officer at TELUS. “Our 5G network, strengthened by the expertise of our infrastructure partners, like Nokia, will form the foundation of Smart Cities and Industry 4.0, next-generation virtual healthcare, immersive education, agriculture technology and next-level gaming.”

Jeffrey Maddox, President of Nokia Canada, said: “We are very pleased to provide TELUS with Nokia’s cloud-native 5G core products and IP routing solutions. This deployment speaks to the breadth of Nokia’s ability to truly connect the network to the business at scale and strengthens Nokia’s position as a market leader in 5G core network deployments. Being hardware, vendor and network agnostic, we give our customers peace of mind and the confidence that a provider of our size will fully deliver.”

Additional Resources

About 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 and @NokiaNAM.

Media Inquiries

Communications

Phone: +358 (0) 10 448 4900

E-mail: press.services@nokia.com


NOKIA_LOGO_RGB_HR.jpg

Source: Nokia Oyj

2020 GlobeNewswire, Inc., source Press Releases

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Financials
Sales 2020 21 527 M 26 196 M 26 196 M
Net income 2020 646 M 786 M 786 M
Net cash 2020 1 884 M 2 292 M 2 292 M
P/E ratio 2020 29,0x
Yield 2020 0,16%
Capitalization 19 085 M 23 232 M 23 225 M
EV / Sales 2020 0,80x
EV / Sales 2021 0,79x
Nbr of Employees 94 250
Free-Float 93,3%
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Technical analysis trends NOKIA OYJ
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 3,68 €
Last Close Price 3,39 €
Spread / Highest target 53,4%
Spread / Average Target 8,58%
Spread / Lowest Target -38,6%
EPS Revisions
Managers and Directors
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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