Nokia Highlights Momentum with 63 Commercial 5G Deals

Nokia Highlights Momentum with 63 Commercial 5G Deals

Press Release

Nokia Highlights Momentum with 63 Commercial 5G Deals

Counts 18 Live Networks and Over 100 5G Agreements

5G Momentum Underpinned by Continued Leadership in Cellular Technology R&D and Standardization

9 January 2020

Espoo, Finland - Nokia today announced that it had reached 63 commercial 5G contracts worldwide, positioning it as a global leader in the delivery of end-to-end 5G solutions. The figure includes customers such as AT&T, KDDI, Korea Telecom, LG Uplus, NTT DOCOMO, O2, SK Telecom, SoftBank, Sprint, STC, T-Mobile US, Verizon, Vodafone Italy and Zain Saudi from key 5G early adopter and progressive markets.

This milestone highlights the quality and customer confidence in our 5G portfolio and we expect this to continue this year with the addition of many more new deals, said Tommi Uitto, President of Mobile Networks at Nokia. Our global end-to-end portfolio includes products and services for every part of a network, which are helping network operators to enable key 5G capabilities such as network slicing, distributed cloud and the industrial Internet of Things. We are delighted that our technologies are helping to shape the delivery and deployment of 5G technologies worldwide and the myriad benefits these will bring to businesses and consumers alike.

The 63 signed commercial contracts exclude any other type of 5G agreements, such as paid network trials, pilots or demonstrations. If such agreements were to be included, the total number of 5G agreements would reach over 100. Nokia is also a vendor of choice for almost all of the leading early adopter 5G markets. This includes AT&T, Sprint, T-Mobile US and Verizon in the US; Korea Telecom, LG Uplus and SK Telecom in South Korea; NTT DOCOMO, KDDI and SoftBank in Japan; Vodafone in Italy; O2 in the UK, Optus and Vodafone Hutchison in Australia; Elisa and Telia in Finland and du in the UAE and STC and Zain in Saudi Arabia.

Nokia is the only network supplier whose 5G technology has been contracted by all four nationwide operators in the US, all three operators in South Korea and all three nationwide operators in Japan , Uitto said. We have more than 350 customers in 4G, but these first 63 customers represent some two thirds of our global Radio Access Networks business in a typical year. Further, these 63 contracts - across the most important pioneering markets, across low bands, middle bands and high bands, and across traditional and cloud network architectures - provide us with invaluable early experiences and insights for the benefit of the rest of the world. So, it is a great start , he continued.

Nokia is the only vendor with a globally available end-to-end product portfolio that covers all 5G network elements, including radio, core, cloud and transport as well as management, automation and security. This offers operators and enterprise customers with a simple and efficient step-wise upgrade to existing radio access, core and transport domains which helps customers to a faster path to 5G. Approximately 60% of Nokia's 5G customers select more than just New Radio from its end-to-end portfolio.

This momentum in 5G is underpinned by the company's continued leadership in cellular technology R&D and standardization. Nokia also declared more than 2 000 5G patent families as essential for 5G, a year after making its first declarations for the standard. Driven by world-class innovations from across the organization, including the renowned Nokia Bell Labs, it has played a leading role in contributing technologies to 5G, working with 3GPP to establish 5G standards and enabling the rollout of 5G networks. It is now contributing towards the next set of standards, Release 16.

About Nokia

We create the technology to connect the world. We develop and deliver the industry's only end-to-end portfolio of network equipment, software, services and licensing that is available globally. Our customers include communications service providers whose combined networks support 6.1 billion subscriptions, as well as enterprises in the private and public sector that use our network portfolio to increase productivity and enrich lives.

Through our research teams, including the world-renowned Nokia Bell Labs, we are leading the world to adopt end-to-end 5G networks that are faster, more secure and capable of revolutionizing lives, economies and societies. Nokia adheres to the highest ethical business standards as we create technology with social purpose, quality and integrity. www.nokia.com

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FORWARD-LOOKING STATEMENTS

It should be noted that Nokia and its businesses are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokias current expectations and views of future developments and include statements regarding: A) expectations, plans or benefits related to our strategies and growth management; B) expectations, plans or benefits related to future performance of our businesses and any expected future dividends; C) expectations and targets, and any mathematical analysis derived from such expectations and targets, regarding financial performance, results, the timing of receivables, operating expenses, taxes, currency exchange rates, hedging, cost savings and competitiveness, as well as results of operations including targeted synergies and those related to market share, prices, net sales, income and margins; D) expectations, plans or benefits related to changes in organizational and operational structure; E) expectations regarding competition within our market; market developments, general economic conditions and structural change globally and

LINK:	https://www.nokia.com/about-us/news/releases/2020/01/09/nokia-highligh...
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