Network equipment company Nokia has tied an American AT&T:n with the telecommunications giant’s contract for the expansion of the fiber optic networks and the improvements of the existing networks. The companies announced the matter yesterday, Tuesday. The duration of the contract is five years.
Last year, Nokia lost the same operator’s competition for the development of mobile networks. At that time, AT&T ended up signing a contract with Nokia’s competitor, Ericsson with. The contract was worth $14 billion, and the networks to be built there will account for 70 percent of AT&T’s wireless data transmission by 2026.
After losing the competition, Nokia has turned its eyes to fixed fiber optic networks. In June, the company announced that it would buy Infinera, an American specialist in fixed networks, for $2.3 billion. The investment was based on an effort to enter the data center market, which has heated up due to the artificial intelligence boom.
Nokia does not disclose the price of the contract, but calls it a “significant milestone”. The release states that AT&T’s fixed fiber optic network serves more than 27.8 million customers. Nokia expects the effects of the deal to affect at least millions of customers.
Source: www.arvopaperi.fi
