Nokia has announced the launch of Broadband Easy Connect, a new subscription-based service that helps operators streamline, simplify and accelerate the process of connecting homes to fiber. The service allows operators to fully control and manage the home fiber connection process from the initial end-user request to the final service activation.
Effective as of August, 1, 2024, Patrick Johansson will become a member of Ericsson's Executive Team (reporting to the CEO) as its new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President. He will be based in Riyadh, Saudi Arabia.
In Q2 2024, Nokia recorded an 18% decrease in net sales and an 8% decline in operating profit compared to the previous year. Despite these challenges, this quarter showed robust cash generation, yielding a free cash flow of EUR 394 million, supported by Nokia's ongoing normalization of its working capital position.
Nokia and Infinera have announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at an enterprise value of USD 2.3 billion.
Nokia announced a new partnership with Telecom Egypt to bring 5G technology to Egypt for the first time. The collaboration aims to revolutionize the country's telecom landscape by introducing the transformative power of 5G to cities including Alexandria, Aswan, Cairo, Giza, and Luxor.
InfraX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), has signed a Memorandum of Understanding (MoU) with Nokia, a B2B technology innovation leader. The agreement was signed by InfraX's Chief Operating Officer, Rashid Al Ahmedi and Rima Manna, Vice President of Network Infrastructure for Middle East and UAE Country Director at Nokia.
In Q2, Börje Ekholm, President and CEO, Ericcson, said, “We remained focused on matters in our control to optimize our business amid a challenging market environment, with industry investment levels unsustainably low.”
Pekka Lundmark, Nokia's President and CEO, has officially held a live immersive audio and video call with Stefan Lindström, Finland's Ambassador of Digitalization and New Technologies.
Huawei has been named a leader in GlobalData’s H1 2024 5G market report, “5G RAN: Competitive Landscape Assessment.” This is the sixth consecutive year that Huawei has received this recognition since GlobalData began releasing this report in 2019, highlighting Huawei as a market leader in 5G RAN products and solutions.
Following the latest developments in artificial intelligence (AI) in the security space, Aryaka has launched a Unified SASE as a Service (USaaS) solution, encompassing networking, security and observability for its global customers.
