In 1Q17, Nokia (NOK) signed a contract in Latin America with ALTÁN Redes, a consortium group, to build a broadband network in Mexico. According to this contract, broadband network Red Compartida will use Nokia’s 4.5G Pro radio access and IP[1.Internet protocol] technology to deploy mobile broadband coverage for users. Nokia stated that this contract will cover approximately 92% of Mexico’s population. Nokia also signed a deal with Three UK to deploy a fully integrated cloud network that will ensure scalability and provide Three UK with the infrastructure to deal with customers’ service requirements.
In 1Q17, according to Nokia’s Form 6-K, it “launched its 10G passive optical network and point-to-point fiber mobile transport solution, that enables operators to leverage existing fiber networks to converge business, residential and mobile services on a single infrastructure, and provide the capacity and coverage that 5G demands. ” Nokia also signed an agreement with Japan’s Energia Communications to build ultra-broadband access technology that delivers fiber-line speeds over short distances.
Ultra Broadband Networks revenue fell 4% YoY (year-over-year) to 3.6 billion euros in 1Q17 from 3.7 billion euros in 1Q16. Mobile Networks revenue fell 1% YoY to 3.1 billion euros, and Fixed Networks revenue fell 19% YoY to 501 million euros.