Nokia secures exclusive deal with Telefonica to power AI data centres across Spain

Nokia to deploy network solutions for Telefonica's AI data centres across Spain

Nokia has won a multi-year contract with Telefonica to deploy AI-enabling networking solutions to support its new Edge data centre network across Spain, the Finnish group said ⁠on ⁠Thursday. Nokia has won a multi-year contract with Telefonica to deploy AI-enabling networking solutions to support its new Edge data centre network across Spain, the Finnish group said ⁠on ⁠Thursday. The deal highlights how AI-driven data centres are creating new revenue streams for Nokia, which continues to rely heavily on its 5G business. Key details* Nokia will be ⁠exclusively responsible for providing connectivity at 17 Edge sites, 12 of which ⁠are already in operation. * It will enable Telefonica to deliver artificial intelligence, B2B and Telco Cloud services to residential, enterprise and public sector customers. * The new high-speed, low-latency network is designed to support AI training and essential digital services in healthcare, education and industry. * Spain is ⁠emerging as a rapidly expanding data centre market in Europe, with major players like Blackstone and Amazon planning multi-billion dollar investments in the sector.

Nokia Wins Exclusive AI Network Deal With Telefónica - Nokia (NYSE:NOK)

Nokia Corporation (NYSE:NOK) shares are trading lower premarket on Thursday. The company disclosed that it has been chosen by Telefónica to implement advanced networking solutions across new Edge data centers in Spain. On Thursday, this collaboration was announced as a pivotal move in Telefónicas strategy to enhance its digital infrastructure, leveraging Nokia's technology to support AI and cloud services across various sectors. NOK is holding near its annual highs. Check the latest price here. How Telefónicas New Edge Nodes Transform Connectivity The deployment will involve Nokia's networking solutions in 17 Edge nodes, with 12 already operational, including at Telefónicas prominent Tecno-Alcalá site. This initiative is part of a broader plan to enhance AI capabilities and digital services in sectors such as healthcare and education, emphasizing data sovereignty and innovation in Spain. The partnership positions Nokia as the exclusive provider of networking technology for Telefónicas Edge network, simplifying operations and enhancing efficiency. This collaboration reflects a strategic alignment to advance Edge Cloud and AI as key growth areas for Telefónica. Is Nokia Poised For A Major Market Upswing? Nokia's involvement in this project underscores its leadership in AI-ready, high-performance data center networking solutions. The company's technology, including the 7220 Interconnect Router and 7750 Service Router, will enable automation and multi-cloud integration, meeting the increasing demands of AI workloads globally. This initiative not only strengthens Nokia's position in the market but also supports a nationwide distributed Edge architecture in Spain. The project highlights Nokia's role as a trusted partner in building secure and reliable data center networks. Recent Updates This strategic partnership was revealed to bring agentic AI capabilities to live 5G networks, aiming to enhance telecommunication providers' ability to deliver premium services precisely when and where they are needed. NOK Price Action: Nokia shares were down 1.52% at $7.45 during premarket trading on Thursday, according to Benzinga Pro data. Photo via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.