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Jeff Keyzer
Nokia stated in a release that the agreement allows for the incorporation of its technologies in AT&T's extensive fiber-optic network, which is one of the biggest globally.
Specific details about the financial agreement were not revealed.
Nokia stated that this key partnership marks a significant achievement in setting the groundwork for future broadband services.
Last year, AT&T revealed plans to purchase around $14 billion in equipment from Ericsson in Sweden over a period of five years to establish an open radio access network (Open RAN) in the United States.
This choice resulted in a drop in Nokia's stock value and compelled the company to reduce its projected profits.
source: bloomberg.com
Specific details about the financial agreement were not revealed.
Nokia stated that this key partnership marks a significant achievement in setting the groundwork for future broadband services.
Last year, AT&T revealed plans to purchase around $14 billion in equipment from Ericsson in Sweden over a period of five years to establish an open radio access network (Open RAN) in the United States.
This choice resulted in a drop in Nokia's stock value and compelled the company to reduce its projected profits.
source: bloomberg.com
