Verizon and Nokia Partner to Deploy Private 5G Networks at UK's Thames Freeport

Verizon wins private 5G contract for UK's Thames Freeport

June 25 (Reuters) - Verizon Business has won a contract to build multiple private 5G networks at Thames Freeport, one of Britain's busiest shipping and logistics centers, the U.S. telecom giant said on Wednesday. The deal, in partnership with Finland's Nokia (NOKIA.HE), opens new tab, will see Verizon deploy private 5G networks across multiple industrial sites along the River Thames Estuary, including major ports and Ford's largest London manufacturing facility. Private 5G networks provide dedicated connectivity that avoids the congestion and speed variations of public networks shared by multiple users, enabling advanced industrial applications, such as artificial intelligence (AI). 5G adoption in European ports is still at an early stage. The technology allows ports to handle larger volumes of data needed to run or track cargoes, cranes, drones and industrial sensors. The companies did not disclose financial details of the agreement, only describing it as supporting a "multibillion-dollar operational transformation" of the region. Thames Freeport is a 34 km-wide economic corridor established in 2021 as a designated UK "Free Trade Zone", offering a range of tax incentives and reliefs to businesses as part of efforts to revive the Thames Estuary region. Verizon (VZ.N), opens new tabhas been working, opens new tab with Nokia to develop private networks for manufacturing and logistics companies in international markets where it lacks its own public network infrastructure. Nokia will serve as the sole hardware and software provider. The networks will serve DP World London Gateway and DP World Logistics Park - Britain's largest deep-sea container port handling over 3 million units annually -, the Port of Tilbury and Ford (F.N), opens new tab's Dagenham plant. Use cases will include AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring and real-time logistics orchestration, Verizon said. Reporting by Gianluca Lo Nostro in Gdansk; Editing by Matt Scuffham Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Media & Telecom

Verizon Teams Up With Nokia To Bring High-Tech 5G Boost To Busy British Ports - Verizon Communications (NYSE:VZ), Nokia (NYSE:NOK)

Verizon Communications VZ Verizon Business, Thames Freeport, and Nokia Corp. NOK on Wednesday announced a partnership to deploy Verizon Private 5G Networks across multiple key logistics, manufacturing, and innovation sites along the River Thames Estuary in U.K. Verizon Private 5G Networks will serve as the technology foundation for a multiyear, multibillion-dollar operational transformation and economic revival for the region, one of the busiest maritime logistics hubs in U.K. The Private 5G Networks buildout provides a scalable, long-term connectivity foundation for advanced data, AI, edge computing, and IoT infrastructure deployments to transform port and manufacturing operations. Also Read: T-Mobile's Long Game: Five-Year Price Lock Takes A Jab At Verizon Thames Freeport has already created 1,400 jobs and plans to reach 5,000 by 2030, focusing on high-skilled training for local communities, the company said in a press release. The Verizon Private 5G Networks will enable advanced data and application capabilities for AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring, and real-time logistics orchestration. Nokia is the network's sole hardware and software provider, which will incorporate the Nokia Digital Automation Cloud (DAC) platform and Nokia MX Industrial Edge (MXIE). The Verizon Private 5G Networks will be deployed to DP World London Gateway, DP World Logistics Park, Port of Tilbury, and Ford Dagenham. The move marks Verizon's attempt to unlock value beyond U.S. The stock is up just 4% in the last 12 months as it grappled with weaker subscriber numbers due to competition from AT&T T and T-Mobile US TMUS. Verizon reported fiscal first-quarter revenue growth of 1.5% year-over-year, reaching $33.49 billion, topping the analyst consensus estimate of $33.24 billion. Adjusted EPS of $1.19 topped the analyst consensus estimate of $1.15. Total wireless service revenue was $20.8 billion, up 2.7% Y/Y. Postpaid phone net losses were 289,000 versus 114,000 net losses Y/Y driven by price hikes, rival promotional offers, and lesser government support. Verizon attributed some of the loss to lower spending by some federal agencies. Verizon reiterated a 2.0%-2.8% growth in wireless service revenue. It reaffirmed an adjusted EPS of $4.59-$4.73 versus consensus of $4.67. Price action: On Tuesday, Verizon shares edged up 0.64%, closing the session at $42.63. Read Next: AT&T Adds 324 Thousand Postpaid Subscribers In Q1, Outpaces Verizon's 289 Thousand Loss Photo by Karolis Kavolelis via Shutterstock NOKNokia Oyj$5.20-%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum85.45Growth71.16QualityNot AvailableValue71.41Price TrendShortMediumLongOverviewVZVerizon Communications Inc$42.640.02%TAT&T Inc$28.21-0.25%TMUST-Mobile US Inc$229.79-0.01%Market News and Data brought to you by Benzinga APIs

Nokia selected by Verizon as hardware and software provider for Thames Freeport multisite private 5G deal By Investing.com

Press Release Nokia selected by Verizon as hardware and software provider for Thames Freeport multisite private 5G deal 25 June 2025 London, UK " Nokia, Verizon Business and Thames Freeport today announced a strategic partnership to deploy Verizon Private 5G Networks across multiple key logistics, manufacturing, and innovation sites along the River Thames Estuary in the United Kingdom. The Verizon Private 5G Networks will serve as the technology foundation for a multi-year, multi-billion dollar operational transformation and economic revival for the region, one of the busiest maritime logistics hubs in the United Kingdom. The Private 5G Networks buildout provides a scalable, long-term connectivity foundation for advanced data, AI, edge compute, and IoT infrastructure deployments aimed at transforming port and manufacturing operations. The technological enhancements will play a direct role in boosting the local economy, underpinning job training and reskilling efforts as part of employment initiatives and supporting innovation and research and development collaborations among Freeport tenants and outside corporate, government, and research entities. Thames Freeport has already created 1,400 jobs and plans to reach 5,000 by 2030, with a focus on high-skilled training for local communities. The Verizon Private 5G Networks will enable advanced data and application capabilities for AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring, and real-time logistics orchestration. Nokia is the sole hardware and software provider for the networks, which will incorporate the Nokia Digital Automation Cloud (DAC) platform and Nokia MX Industrial Edge (MXIE). The Verizon Private 5G Networks will be deployed to the following sites: Our partnership with Thames Freeport and Nokia shows the full promise of private 5G at scale. Thames Freeport is developing one of the most technologically advanced commercial corridors in Europe to enable forward innovation and economic revitalization for an entire community. We're not just driving operational improvements to help a partner stay ahead of the curve; we're laying the groundwork for new revenue streams, community development, and further commercial and technological investment, said Jennifer Artley, SVP, 5G Acceleration, Verizon Business. A flexible, high-performance connectivity platform is critical to our long-term vision. Our investment in private 5G is not an incremental network upgrade"it's the backbone of a technological transformation fueling our long-term multi-stakeholder mission, which includes operational excellence for tenants; ROI for shareholders like Ford, DP World and Forth Ports; innovation leadership for public and private benefit; circular economy models supporting efficient energy models; empowering community development by enabling high-value job creation and training; and transforming public services with near-real time diagnostics at health-service sites. By partnering with Verizon Business and Nokia, we're delivering the technology needed to propel our region to the front of the leading edge, said Martin Whiteley, CEO, Thames Freeport. Private wireless and industrial edge are the foundations for the digital transformation of industrial sites, and the Thames Freeport deployment is a landmark example of this evolution at scale. This is one of the largest commercial private 5G rollouts in a European port, incorporating the Nokia DAC platform. This network will allow Thames Freeport to overlay advanced use cases such as AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring, and real-time logistics orchestration. Together with Verizon Business, we're proud to be enabling the infrastructure that will help Thames Freeport drive new efficiencies, sustainable growth, and long-term economic opportunity for the region, said David de Lancellotti, VP of Enterprise Campus Edge Sales, Nokia. The Thames Freeport has a mission of economic regeneration and operational excellence, centered on stimulating trade, fostering innovation, supporting energy transition, creating jobs and improving the lives of the people around it. Private 5G Networks from Verizon Business can help enable a range of strategic priorities at Thames Freeport sites in service of that mission. Select priorities include enabling advanced technology layers such as AI, edge computing, and IoT across active industrial sites where Freeport stakeholders can collaborate on new applications. For example, industrial sites can leverage IoT for autonomous yard tractors and quay cranes and for near real-time tracking, smart routing, and condition monitoring for cargo. That can allow tenants to intake cargo, assess quantity and condition, and ship it out faster and more efficiently, losing less to damage or misplacement. Additionally, AI with edge computing can help manage environmental impact through edge-connected smart sensors and AI-driven analytics that monitor and optimize port operations and asset performance, including near-real time monitoring of emissions, air and water quality, and noise levels. Managing the use of the Verizon Private 5G Network infrastructure will be the responsibility of Thames Freeport and its tenant shareholder organizations. This ensures fit-for-purpose connectivity that adapts to site-specific requirements while safeguarding data and operational autonomy. Multimedia, technical information and related news Product Page: DAC private wireless Product Page: MX Industrial Edge About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today " and work with us to create the digital services and applications of the future. About Verizon Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.