Nokia Announces Vecima Networks to Acquire DOCSIS Distributed Access Architecture and EPON/DPoE Portfolios

Nokia Announces Vecima Networks to Acquire DOCSIS Distributed Access Architecture and EPON/DPoE Portfolios

Vecima to deliver cable industry's most advanced next generation access ecosystem

The technology and product portfolio will be integrated with Vecima's existing Entra Distributed Access product suite

Nokia employees associated with these key technologies will move to Vecima Networks

Nokia retains cable-related products including mobile, routing, transport, fiber, and fixed wireless access technology, along with network operations and customer experience-related solutions

Nokia and Vecima Networks intend to maintain an ongoing business relationship and product specific resell agreements to address unified cable access opportunities

July 29, 2020

Espoo, Finland and Victoria, BC - Nokia and Vecima Networks (TSX: VCM) today announced plans for Vecima to acquire key, next generation technology and products for cable service providers. Under the agreement, Nokia's Gainspeed portfolio along with all supporting technology and assets will transition to Vecima Networks. The planned deal is expected to close quickly subject to customary closing conditions. Financial details are not being disclosed.

Vecima Networks is a global leader focused on developing integrated hardware and scalable software solutions for broadband access, content delivery and telematics. Nokia's Gainspeed cable access portfolio is well-aligned with Vecima's Entra family, both of which address the migration to cable's 10G platform, including DAA (Distributed Access Architecture) and 10G-EPON (Ethernet Passive Optical Network).

The Nokia Unified Cable Access solution, featuring the Gainspeed portfolio of products, includes a centrally controlled Distributed Access Architecture solution with unified support for Flexible MAC DAA nodes for Hybrid Fiber-Coaxial (HFC) networks and DOCSIS Provisioning of EPON (DPoE) nodes for fiber-to-the-home and business. The portfolio also includes a DAA video engine and a chassis based EPON/DPoE solution for non-HFC network implementations.

Employees who currently support the Nokia DOCSIS DAA and EPON/DPoE portfolios are expected to transition to Vecima. Nokia will retain cable-related products and solutions not listed above. The companies intend to maintain an ongoing business relationship, including resell agreements for key, enabling technologies, to address unified cable access opportunities.

Our cable access solutions have played a very important role in helping to redefine next generation cable solutions and our customers strategies for addressing evolving network demands using distributed architectures, said Sandra Motley, President of Fixed Networks at Nokia. However, the industry continues to go through significant shifts, and we believe the timing is right to transition our cable access business to Vecima Networks. Vecima has the focus, resources and complementary product portfolio needed to support these changes and help operators move toward a Distributed Access Architecture.

Nokia's portfolio to be acquired aligns perfectly with Vecima Networks' strategy to provide open, independent, and future-proof cable access solutions that support a multi-vendor ecosystem, said Sumit Kumar, President and Chief Executive Officer at Vecima Networks. The addition of these products and world-class talent broadens our DAA platform and adds 10G-EPON products to our portfolio. In addition to expanding the products and services we are providing to existing customers, we look forward to partnering with service providers around the globe we don't currently do business with.

About Nokia

We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.

Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.

About Vecima Networks

Vecima Networks Inc. is a global leader focused on developing integrated hardware and scalable software solutions for broadband access, content delivery, and telematics. We enable the world's leading innovators to advance, connect, entertain, and analyze. We build technologies that transform content delivery and storage, enable high capacity broadband network access, and streamline data analytics. For more information, please visit our website at www.vecima.com.

Inquiries:

Nokia

Communications

Phone: +358 10 448 4900

Email: press.services@nokia.com

Vecima Networks

Investor Relations

Phone: +1-250-881-1982

Email: invest@vecima.com

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