Nokia Extends Partnership With A1 Telekom Austria To Provide 5G Radio Network

Mobile network operator company A1 Telekom Austria TKAGY extends partnership with Nokia Oyj (NYSE: NOK) for 5G coverage across Austria in a multi-year contract including the supply of 5G radio access and core network services.
The deployment of products and services is in progress, with the core element expected by the first half of 2021.
Nokia will supply A1 with its AirScale portfolio, including 5G RAN, AirScale base stations, and Nokia AirScale radio access products.
A1 will also launch 4G and 5G network slicing commercially following a successful pilot.
Nokia has a long-lasting partnership with A1, including the successful extension of 3G and 4G mobile networks and the launch of Austria's largest fiber-optic network.
Both companies have also successfully organized multiple private wireless campus networks in Austria, including installations at Magna Steyr, Vienna Airport, and 5G Playground Carinthia.
Price action: NOK shares are up 0.73% at $4.14 in the pre-market session on the last check Thursday.