Nokia Secures 37 5G Commercial Contracts
May 21 2019 - 8:50AM
Dow Jones News
By Dominic Chopping
Nokia Corp. (NOK) said Tuesday it has now secured 37
fifth-generation commercial contracts, up from the 36 that it
disclosed in its first-quarter earnings last month.
Twenty of those contracts are with named customers, including
T-Mobile, AT&T Inc. (T), Saudi Telecom Co. (7010.SA), and Telia
Co. AB (TELIA.SK), it added.
In a statement released in conjunction with the company's annual
general meeting, Chief Executive Rajeev Suri said the 5G-driven
spending cycle that is now building momentum supports Nokia's
end-to-end, full-portfolio strengths. Consequently, end-to-end
sales as a percentage of sales pipeline are now at the highest
point ever.
"5G is now accelerating and the power of Nokia's end-to-end
portfolio is being recognized," he said.
Write to Dominic Chopping at dominic.chopping@wsj.com;
@domchopping @WSJNordics
(END) Dow Jones Newswires
May 21, 2019 08:35 ET (12:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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