Finnish telecoms equipment manufacturer Nokia announces the signing of 17 new 5G commercial agreements in the third quarter, bringing the total number of 5G contracts and 160 the total number of commercial engagements, including paid demonstrations and tests.
34 public and private 5G networks equipped with Nokia equipment are now operational. 88% of commercial agreements were concluded with operators, 12% with companies.
" We are very happy to have taken this next step in 5G. We know we must not let up in a very competitive market, but we are moving quickly – and these successes clearly show that our progress is being recognized by our customers. We deeply appreciate their continued support and are fully committed to delivering on our commitments to them. Commented Tommi Uitto, President of Nokia’s Mobile Networking Business.
Nokia is notably present in markets that have been pioneers in the adoption of 5G, with agreements signed with the top four US operators and the top three operators in Japan and Korea. This week Nokia signed a contract with BT in the UK and renewed the 5G business deal with Elisa in Finland.
Nokia's 5G portfolio is also gaining in attractiveness to businesses. The corporate market now represents 12% of 5G contracts, as evidenced by recent deployments with Deutsche Bahn, Toyota Production Engineering and Sandvik. Nokia has a portfolio of 180 private network customers, many of whom it hopes will migrate to 5G.
Nokia blames this commercial momentum for 5G with operators and businesses for the technological advances it has made. In particular, in July, the company announced that it had the ability to migrate five million old 4G radio units to 5G through a software update, making it easier for operators to switch to 5G.
In February, Nokia announced that it was the first in the world to have launched the slicing of 4G and 5G networks (network slicing), which enables operators to provide their customers with unique and independent end-to-end network “slices” tailored to specific applications. In April, Nokia introduced the industry's first dynamic spectrum sharing (DSS) solution, which enables spectrum sharing between 2G, 3G, 4G and 5G. Also in July, Nokia commercially launched its standalone 5G (5G SA) private network solution for businesses.