Nokia Oyj (NOK) has secured a multi-year agreement with AT&T Inc. (T) to deploy cutting-edge fiber access technology. This five-year deal encompasses upgrading AT&T’s existing fiber infrastructure and implementing next-generation technologies for future network expansion.
Nokia plans to supply its Lightspan MF and Altiplano platforms to bolster AT&T’s extensive fiber network, which reached a significant milestone of passing 27.8 million total fiber locations by the second quarter of 2024. Nokia’s fiber solutions empower AT&T to rapidly build a future-ready network, capable of supporting next-generation PON technologies and enhanced automation through the Altiplano Access Controller.
Sandy Motley, President of Fixed Networks at Nokia, emphasized the significance of this collaboration, stating, “This partnership marks a major milestone in our mission to connect more individuals and businesses. Our fiber solution unlocks the potential for a wide range of PON technologies on the same platform and fiber.” She further highlighted the future-proofing aspect of the technology, stating, “This includes 10/25G PON today and eventually 50/100G PON in the future. Ultimately, this can empower operators like AT&T to maximize the value of their existing fiber broadband networks both now and in the years to come.”
This latest deal comes on the heels of Nokia losing a major contract with AT&T to Ericsson (ERIC) in December. AT&T chose Ericsson to construct a telecom network capable of handling 70% of its U.S. wireless traffic by late 2026.
Investors seeking exposure to NOK stock can explore options like the iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) and Defiance Connective Technologies ETF (SIXG).
In addition to the AT&T agreement, Nokia also announced a partnership with RUCKUS Networks to develop a solution for seamless in-building and campus-wide connectivity.
As of Tuesday’s closing bell, NOK shares were down 1.46% at $4.395.
