Nokia And AT&T Partner For Next-Gen Fiber Network: Details

Nokia Oyj NOK disclosed a multi-year agreement with AT&T Inc. T to deploy next-generation fiber access technology.

The five-year deal includes upgrading AT&T’s current fiber infrastructure and implementing next-gen technologies for future expansions.

Nokia plans to supply its Lightspan MF and Altiplano platforms to support AT&T’s extensive fiber network, which passed 27.8 million total fiber locations as of the second quarter of 2024.

The company’s fiber solutions enable AT&T to swiftly build a future-ready network, supporting next-gen PON technologies and enhanced automation through the Altiplano Access Controller.

Sandy Motley, President of Fixed Networks at Nokia, said, “This collaboration is a major milestone in our mission to connect more people and businesses. Our fiber solution opens the door to a full range of PON technologies available on the same platform and fiber.”

“This includes 10/25G PON today and eventually 50/100G PON in the future. Ultimately this can help operators like AT&T make the most of their existing fiber broadband networks today and in the future.”

As per Reuters, the deal follows Nokia’s loss of a major contract with AT&T to Ericsson ERIC, which AT&T selected in December to build a telecom network covering 70% of its U.S. wireless traffic by late 2026.

Investors can gain exposure to NOK stock via iShares U.S. Digital Infrastructure and Real Estate ETF IDGT and Defiance Connective Technologies ETF SIXG.

Apart from this, today, Nokia disclosed a collaboration with RUCKUS Networks to develop a solution for seamless in-building and campus-wide connectivity.

Price Action: NOK shares are down 1.46% at $4.395 at the last check Tuesday.

Image: Nokia

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.