- Nokia (NYSE:NOK) has been selected by A1 Austria to provide comprehensive 5G coverage across the country in a multi-year contract.
- Under the deal, Nokia supply 5G radio access and core network services. The deployment of products and services is underway with the core element expected to be rolled out in H1 2021.
- Nokia will supply A1 with its AirScale portfolio including 5G RAN, AirScale base stations, and Nokia AirScale radio access products.
- A1 will also launch 4G and 5G network slicing commercially following a successful pilot. The solution will support connectivity from 4G and 5G devices over the sliced network to applications running in private and public clouds.
- The slicing continuity allows operators to maximize their network coverage for new mobile connectivity services and deliver new value and business opportunities.
- Also, Nokia Board of Directors has approved equity program for 2021-2023, which includes a new share-based long-term incentive plan and an employee share purchase plan under which awards may be granted until December 31, 2023.
- Yesterday, Nokia teamed up with the Finnish network provider to deploy private networks with businesses.