Nokia OyjNYSE: NOK

Nokia secures a multi-billion 5G deal extension from Bharti Airtel to strengthen the latter's core network in India.

Finnish telecom equipment supplier Nokia on Wednesday said it had won a "multi-billion" dollar deal with India's Bharti Airtel for delivery of 4G and 5G equipment.

Press ReleaseNokia wins multi-billion 5G extension deal from Bharti Airtel for its India operations Strengthens its partnership with 4G and 5G contract extension in preparation for 5G-Advanced network evolution. To deploy equipment from its comprehensive AirScale portfolio and its MantaRay solution for intelligent network management.

U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report claiming such a possibility.

NOK acquires Rapid's robust API technology to boost its commercial prospects in the network API domain.

Nokia, the company that once was the biggest mobile phone company in the world, has made an interesting acquisition in its bid to be a bridge between the adjacent but very different worlds of tech and telecoms: it's acquiring Rapid, formerly known as RapidAPI, a provider of an API marketplace, which it will be integrating into a platform it's building to help 5G operators open their networks to more developers.

Nokia said on Wednesday it had bought the world's largest application programming interface (API) hub and marketplace from U.S. company Rapid as it seeks to boost revenues from its 5G and 4G networks.

Press ReleaseNokia and Islalink achieve 800Gbps capacity-reach record over the IONIAN submarine cable New capacity-reach record for unrepeated transmission of 800Gbps over 330km with Nokia's PSE-6s on Islalink's IONIAN network, enhancing connectivity between Italy and Greece. High performance and 60% less network power consumption per bit provides crucial services for data center interconnections.

Press ReleaseNokia, Reflex, and Net Nine Nine partner to bridge the digital divide in South Africa Nokia fiber broadband solution delivers high-speed broadband access to underserved, low-income communities, bridging the digital divide and empowering more people with reliable, high-quality connectivity. Communities in the Gauteng and Free State provinces will be among the first to experience enhanced connectivity and improved online experiences.