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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 JANUARY: | ASX to rise | 3 cannabis players discuss how to view the sector through a biotech lens |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 19 JANUARY: | ASX rises 1pc | US eyes Australian market as cannabis investment fund takes stake in Lifespot Health |

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    PEAK ASSET: AFTERNOON WRAP 25 JANUARY: | ASX closes 0.4% higher at new 11-month high, Fatfish digital insurance subsidiary Fatberry records ‘explosive’ revenue results|

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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Nokia to Power Elisa Finland’s Digitization & 5G Services

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Friday, October 2, 2020
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Smartphone Qwerty Keyboard Nokia  - EsaRiutta / Pixabay

EsaRiutta / Pixabay

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Nokia Corporation NOK recently secured a deal for an undisclosed amount from mobile operator Elisa Finland to be its nationwide supplier of AirScale 5G RAN (radio access network) solutions. In addition to strengthening the mutual ties, the deal aims to digitize Finland and put it at the forefront of the regional 5G market.

The AirScale Radio Access products deliver low-latency, high-capacity mobile connectivity with low cost of ownership. The products can be easily upgraded through a software update and help to reduce network complexity. The deal will leverage Nokia’s RAN solutions and will offer a seamless migration from 4G to 5G as Elisa Finland intends to decommission its 3G network by 2023.

Nokia had earlier deployed its 5G liquid cooling base station solution — AirScale Base Station — to help Elisa Finland curtail its power consumption and CO2 emissions. Touted as the first such offering in the world, the innovative product underscored Nokia’s commitment to combat climate change and make networking businesses more sustainable, especially at a time when network operators shift toward experience-driven and automated operations to achieve significant cost savings.

With a history of nearly 140 years, Elisa Finland is recognized as the forerunner in telecommunications and digital services in Finland, catering to approximately 2.8 million customers across its extensive network. The company had collaborated with telco giants like Vodafone Group Plc VOD and Tele 2 to deliver best-in-class communication services, thereby boosting competitiveness in the global market.

The avant-garde 5G liquid cooling technology by Nokia will enable Elisa Finland to minimize power consumption by 30% and reduce CO2 emissions by about 80%. The latest liquid-cooled base station sites are silent and require zero maintenance. With this technology, Elisa Finland will be able to convert and re-use heat, thereby significantly reducing its carbon footprint. Markedly, the company aims to be carbon neutral by 2020 and deliver the wide benefits of this technology to new customers, thereby maintaining its 5G leadership across the globe.

Nokia is well positioned for the ongoing technology cycle, given the strength of its end-to-end portfolio as it competes with Ericsson ERIC and Samsung Electronics Co. SSNLF. The company is driving the transition of global enterprises into smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with software and services to manage them. Leveraging state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include seamless transition to 5G technology, ultra-broadband access, IP and Software Defined Networking, cloud applications and IoT.

Moreover, Nokia facilitates its customers to move away from an economy-of-scale network operating model to demand-driven operations by offering easy programmability and flexible automation needed to support dynamic operations, reduce complexity and improve efficiency. The company seeks to expand its business into targeted, high-growth and high-margin vertical markets to address growth opportunities beyond its traditional primary markets. Rollouts of next-generation 5G networks are expected to improve market conditions significantly in 2020 and beyond.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Nokia Corporation (NOK): Free Stock Analysis Report

Vodafone Group PLC (VOD): Free Stock Analysis Report

Ericsson (ERIC): Free Stock Analysis Report

Samsung Electronics Co. (SSNLF): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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