Nokia (NOK) has teamed up with Indonesian telecommunications provider Indosat Ooredoo to launch commercial 5G services in the city of Surabaya in Indonesia and deliver outstanding 5G experiences to subscribers in the country. Shares of the multinational telecommunications giant have gained 36% over the past year. (See Nokia stock charts on TipRanks) Per the terms of the deal, Nokia will supply equipment from its latest ReefShark-based AirScale product range for both indoor and outdoor coverage. The integration will lead to higher speeds and greater mobile coverage, along with lower costs for Indosat Ooredoo’s customers.
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Nokia (NYSE:NOK)
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