Nokia Oyj (NOK) Stock

Nokia has finalized the sale of its submarine networks division, ASN (Alcatel Submarine Networks), to the French government. This deal, announced on June 27, 2024, enables Nokia to concentrate on its Network Infrastructure business while giving ASN the opportunity to continue its growth after being part of Nokia. The sale helps streamline Nokia's business focus.

Nokia and e& UAE have introduced the first complete network slicing solution in the world, aimed at improving user experiences for high-quality services. This innovative technology allows for better management of network resources. It is designed to provide premium services to users.

Nokia and e& UAE have introduced the first complete network slicing solution for gaming. This technology improves user experiences for high-quality services like gaming, remote work, and business applications. Nokia's slicing solution automatically manages network resources to ensure fast and low-latency connections needed for gaming.

Nokia has received a $45 million grant from the U.S. Government's Public Wireless Supply Chain Innovation Fund, which is managed by the National Telecommunications and Information Administration (NTIA). This funding is part of a ten-year program worth $1.5 billion aimed at promoting open wireless network technologies. The grant will enhance Nokia's research and development efforts in the United States and reinforce its role in creating an open wireless ecosystem.

NOK has teamed up with EOLO to launch the first 5G standalone mmWave Radio Access Network in Europe, located in Italy.

Nokia and EOLO have launched Europe's first 5G standalone mmWave network in Italy. This new network will provide improved customer experiences with better capacity and coverage. It aims to help EOLO connect communities in Italy that currently lack proper internet access.

Nokia and Elisa have launched Europe's first commercial 5G Cloud RAN deployment in Espoo, Finland, using Red Hat OpenShift. This new Cloud RAN solution will help Elisa offer more flexible network services by bringing network operations closer to the edge. Additionally, this deployment allows Elisa to gain insights as it prepares for the future of 6G technology.

Nokia is creating an IP network to help manage AI tasks at Nscale's new eco-friendly data center. This network will meet the increasing worldwide need for AI applications that require large amounts of data. The Nokia data center fabric network provides reliable, high-quality performance and can easily expand.

Nokia and SK Broadband have launched a quantum secure network to safeguard the IT systems of Korea Hydro and Nuclear Power (KHNP). This deployment allows KHNP to use quantum-safe MACsec technology, enhancing the security of its IP MPLS leased line network. With Nokia's reliable Quantum-Safe IP and optical network solutions, KHNP can ensure both security and performance in its data network connectivity.