Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Business

Posted By Uma Rajagopal

Posted on November 27, 2024

Nokia gets new telecom contract from Deutsche Telekom, replacing Huawei

STOCKHOLM (Reuters) -Nokia has signed a contract with Deutsche Telekom to roll out a mobile network using Open Radio Access Network (ORAN) in more than 3,000 sites in Germany, the Finnish telecom equipment maker said in a statement on Wednesday.

The new deal formally marks Nokia’s return as a supplier to Europe’s largest network after Deutsche Telekom chose Ericsson equipment for parts of its network in 2017.

The deal, which includes Fujitsu, covers a mass rollout of ORAN-compliant technology with commercial deployment already underway in the Neubrandenburg area of Northern Germany.

After the companies did a trial run last year, Nokia will replace equipment from the incumbent, China’s Huawei.

Both Nokia and Ericsson have been looking to sell equipment with ORAN technology that promises deep cost cuts by using cloud-based software and equipment from many suppliers instead of relying on just one.

Ericsson had already got big contracts with AT&T and Spain’s largest telecoms operator, MasOrange.

(Reporting by Supantha Mukherjee in Stockholm, editing by Terje Solsvik)

Recommended for you

  • 2025 Corporate Governance Awards

  • Baden Bower Explores Martal Group Extended Offer for B2B Sales Growth

  • The Ransomware Standoff: Why Almost Half of Businesses Refuse Pay Up