Nokia Announces Partnership With AT&T For 5G Technology

Nokia Oyj NOK has landed another partnership for its 5G technology. This time with AT&T Inc. T.

What Happened: On Thursday, Nokia announced it entered into a five-year partnership with AT&T for use of Nokia’s C-Band Solutions Portfolio. The C-Band portfolio, which includes Nokia’s 5G technology, will be deployed to AT&T customers across parts of the U.S. with the first phase opening up toward the end of 2021.

The deal will help AT&T to increase its network capacity to support 5G coverage, both indoor and outdoor, and will include Nokia’s MIMO antenna solutions, macro remote radio heads and next-generation AirScale baseband equipment, all of which are part of its C-Band portfolio.

Why It Matters: Nokia was the first company to demonstrate a live C-Band network in the U.S., according to the press release, and a number of companies including AT&T have sought to integrate Nokia’s technology to digitally transform their businesses.

See also: How to Buy Nokia (NOK) Stock

By the end of this year, AT&T will deploy the first phase of Nokia’s C-Band, which at auction opened up 280 MHz of spectrum with 100 MHz of spectrum available for 5G deployments. Support for 5G standalone networks, non-standalone networks, cloud-based implementations and Open RAN products are also included.

“AT&T is committed to bringing the power of 5G to businesses and communities across the nation, and our C-Band deployments with Nokia will help add 5G capacity where it’s needed,” said Igal Elbaz, AT&T's senior vice president of wireless and access technology, in the release.

What’s More: This latest deal follows the new partnerships Nokia announced this week with Amazon.com Inc.'s AMZN Amazon Web Services (AWS), Alphabet Inc's GOOG GOOGL Google Cloud and Microsoft Corp MSFT for use of Nokia’s cloud technology.

Related Link: Want more trading ideas? Tune into Benzinga on YouTube.

(Photo: Nokia)