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Nokia’s Recent Partnerships and Product Development

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Oct. 18 2018, Updated 11:10 a.m. ET

Partnership with T-Mobile

In July, Nokia (NOK) signed a $3.5 billion deal with telecommunications giant T-Mobile (TMUS) to accelerate 5G (fifth-generation) deployments across the United States. Nokia is expected to provide T-Mobile with its end-to-end 5G technology.

Ashish Chowdhary, Nokia’s chief customer operations officer, said, “Nokia and T-Mobile will advance the large-scale deployment of 5G services throughout the United States. This is a testament to our companies’ strong and productive working relationship, one which has produced several important technological milestones in recent months, and which now allows us to make 5G a commercial reality.”

The 5G technology will provide higher speeds and massive connectivity. Major communication equipment companies are looking to roll out the first 5G technology for enterprises over the next six to eight months.

Nokia believes the application of 5G will extend to verticals such as virtual reality, augmented reality, medical monitoring, driverless vehicles, industrial automation, and more.

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Virtualized Network Services

Nokia aims to deliver a secure network across multi-cloud environments. It’s banking on its venture Nuage Networks that introduced a VNS (Virtualized Network Services) platform. According to a Zacks report, the VNS platform automates branch site connectivity that will result in lower operating costs for enterprises.

This is the first SD-WAN (software-defined wide area network) 2.0 offering in the industry. It focuses on security and will detect and respond to threats on a real-time basis and prevent unauthorized access. Nokia’s foray into SD-WAN could help it win several deals with service providers and enterprises.

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