Nokia and AT&T Forge Partnership for Next-Generation Fiber Network

Nokia And AT&T Partner For Next-Gen Fiber Network: Details - Nokia (NYSE:NOK)

Nokia will provide Lightspan MF and Altiplano platforms, supporting technologies like 10/25G and future 50/100G PON. Nokia Oyj NOK disclosed a multi-year agreement with AT&T Inc. T to deploy next-generation fiber access technology. The five-year deal includes upgrading AT&T's current fiber infrastructure and implementing next-gen technologies for future expansions. Nokia plans to supply its Lightspan MF and Altiplano platforms to support AT&T's extensive fiber network, which passed 27.8 million total fiber locations as of the second quarter of 2024. The company's fiber solutions enable AT&T to swiftly build a future-ready network, supporting next-gen PON technologies and enhanced automation through the Altiplano Access Controller. Sandy Motley, President of Fixed Networks at Nokia, said, "This collaboration is a major milestone in our mission to connect more people and businesses. Our fiber solution opens the door to a full range of PON technologies available on the same platform and fiber." "This includes 10/25G PON today and eventually 50/100G PON in the future. Ultimately this can help operators like AT&T make the most of their existing fiber broadband networks today and in the future." As per Reuters, the deal follows Nokia's loss of a major contract with AT&T to Ericsson ERIC, which AT&T selected in December to build a telecom network covering 70% of its U.S. wireless traffic by late 2026. Investors can gain exposure to NOK stock via iShares U.S. Digital Infrastructure and Real Estate ETF IDGT and Defiance Connective Technologies ETF SIXG. Apart from this, today, Nokia disclosed a collaboration with RUCKUS Networks to develop a solution for seamless in-building and campus-wide connectivity. Price Action: NOK shares are down 1.46% at $4.395 at the last check Tuesday. Image: Nokia Read Next: Apple, Nvidia Key Supplier TSMC Leads Taiwanese Chip Giants To Localize Neon Gas Production By 2025 Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Nokia signs fibre deal with AT&T after losing network contract to Ericsson

Nokia is eyeing new growth in fibre after AT&T's $14 billion five-year deal with Ericsson. Nokia did not disclose the financial value of the new five-year fibre deal but called it "a significant milestone" and said it would "boost broadband access for millions of users" in the U.S., while supporting AT&T's extensive fibre network footprint "that passed 27.8 million total fibre locations as of the second quarter of 2024". In July, Nokia reported a 32% drop in profit but CEO Pekka Lundmark forecast that net sales would significantly accelerate in the second half of the year, pointing to an improving fibre market in the U.S. and a $42 billion U.S. government programme to boost citizens' access to high-speed broadband. Nokia said the fibre deal with AT&T is "Build America, Buy America-compliant", to meet the requirements of U.S. government funding. In June, Nokia announced the acquisition of U.S. optical networking gear maker Infinera, in a $2.3 billion deal in a bid to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence. (Reporting by Anne Kauranen in Helsinki; editing by David Evans)