Nokia and T-Mobile announce a $3.5 billion deal to build the carrier's 5G network
Nokia published less than stellar results in Q2 – the network business was slow, but it’s supposed to pick up as carriers start building their 5G networks later this year. And it’s already happening, the Finnish company just announced a multi-year partnership with T-Mobile.
The $3.5 million deal will see Nokia furnish T-Mobile US with hardware, software and services to develop and deploy a nation-wide 5G network. Sprint customers can also look forward to the 5G future thanks to the merger with T-Mobile.
The network includes both wide-coverage 600MHz bands and the high-capacity 28GHz millimeter wave bands.
And just in case it didn’t register, Nokia issued a second press release to confirm that it forsees better financials in the second half of the year. It expects an operating margin of 9-11% for the full year with earnings per share of €0.23-0.27.
- 01 Aug 2018
Seems like your read what you want to read and understand what suits you the best
- 01 Aug 2018
While I think you may be right that Nokia Corporation may choose to acquire HMD at some point in the future, I'm not sure they ever will. They didn't want to have the phone division be a part of the main corporation at the start due to the inher...
- 31 Jul 2018
Header article says 3.5 Billion. Article actually reads 3.5 Million