Nokia Provides Network Connectivity for Charter

Nokia Stock

Nokia Corporation (NYSE:NOK) announced that Charter Communications, Inc. (NASDAQ:CHTR) has chosen its AirScale portfolio to provide superior 5G connectivity to spectrum mobile customers. The arrangement marks the continuation of Charter’s decades-long business partnership with Nokia.

Charter is the country’s second-largest cable operator, with 6 million users and a presence in 41 states. With ever-increasing mobile traffic, the rapidly-growing mobile services provider is looking for a dependable, fast connectivity solution for increased coverage.

According to the deal, Nokia will provide Charter with industry-leading AirScale equipment, including 5G RAN (Radio Access Network) solutions, baseband units, and newly developed 5G CBRS Strand Mount Small Cells, in order to provide end users with the best-in-class 5G experience. These are most likely to be deployed in the Citizens Broadband Radio Service (CBRS) spectrum, in which cable companies have committed more than $1 billion to ensure high-speed wireless connectivity and relieve demand on leased mobile networks.

Nokia’s low-cost approach eliminates the need for additional cell sites, allowing operators to use their existing infrastructure. Furthermore, its compact and lightweight form simplifies deployment and ensures higher resource optimization.

Nokia has a long history of innovation and is a major supplier of 5G technologies in the US. This is the company’s first large-scale 5G deployment project in multiple system operator space, and the arrangement is likely to strengthen its position in the country.

Nokia’s focus areas of software and enterprise are seeing robust momentum, which bodes well for the licensing business. It stands to profit from expanded passive optical networking fiber deployments. It is the sole global provider of O-RAN with commercial 5G Cloud-RAN networks.

The corporation seeks to speed strategy execution, enhance customer focus and minimize long-term costs. At the same time, it is determined to establish a strong scalable software business and expand it to structurally attractive enterprise adjacencies. Nokia’s C-Band portfolio offers 5G standalone and non-standalone networks, cloud-based solutions, and Open RAN technologies.

The company is well-positioned in the ongoing technological cycle, given the strength of its end-to-end portfolio. Nokia’s contract success rate is encouraging, with noteworthy achievements in key 5G markets such as the United States and China. Its installed base of high-capacity AirScale equipment, which enables clients to easily upgrade to 5G, is rising fast.

Leveraging state-of-the-art technology, Nokia is revolutionizing the way people interact and engage with one another. These include a seamless transition to 5G technology, ultra-broadband connectivity, IP and Software Defined Networking, cloud applications, and the Internet of Things.

Nokia stock has lost 21.5% in the past year compared with the industry’s decrease of 16.6%.

Featured Image: Unsplash @ jha_raunak

Please See Disclaimer

About the author: Stephanie Bédard-Châteauneuf has over seven years of experience writing financial content for various websites. Over the years, Stephanie has covered various industries, with a primary focus on tech stocks, consumer stocks, market news, and personal finance. She has an MBA in finance.