Nokia Corporation (Norwegian Krone – Nokia’s Brazilian telecommunications leader, TIM Brasil, recently announced its decision to deploy Nokia’s industry-leading 5G AirScale portfolio. The strategic move is part of TIM’s plans to expand 5G radio access network coverage across Brazil and solidify its position as the country’s leading 5G provider.
Access to fast, reliable connectivity has become the foundation of the modern, digitally-driven world. The proliferation of e-learning, remote working, e-commerce, streaming services and other digital applications has made high-speed internet essential for overall economic growth. Nokia’s comprehensive 5G product suite will enable TIM Brasil to meet these emerging requirements.
Nokia’s products include baseband, massive MIMO radio and remote radio head products. Powered by energy-efficient ReefShark System-on-Chip technology, the product suite ensures high-capacity, efficient and scalable network coverage to address a variety of advanced applications. Additionally, Nokia’s AI-integrated MantaRay network management system improves network monitoring and management. It also offers digital deployment, optimization and technical support services to ensure seamless equipment installation and superior performance. Deployment of Nokia equipment across 15 Brazilian states is scheduled to begin in January 2025.
Nokia has faced significant headwinds in Latin America over the past few quarters, and its recent partnership with TIM Brazil, one of the country’s leading telecommunications operators, should strengthen Nokia’s foothold in the region and improve its prospects.
The strength of Nokia’s end-to-end portfolio positions it well for the ongoing technology cycle. It has a rapidly growing installed base of high-capacity AirScale products that enable customers to quickly upgrade to 5G. The company is powering the transition to smart virtual networks for enterprises around the world by integrating mobile and fixed broadband, IP routing and optical networks with the software and services that manage them, creating a single network for all services. With cutting-edge technologies, we are transforming the way people and things communicate and connect.
The company aims to create new business and licensing opportunities in the consumer ecosystem. The company helps customers transition from an economy-of-scale network operating model to demand-driven operations by providing easy programming and flexible automation needed to support dynamic operations, reduce complexity and improve efficiency. The company aims to expand into targeted high-growth, high-margin vertical markets to address growth opportunities beyond its traditional core markets.
The company’s shares have risen 6% over the past year, compared with industry growth of 48.6%.
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Nokia currently carries a Zacks Rank #3 (Hold).
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