Thursday , 5 December 2019
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Nokia Reaches Deal To Modernize Finnish LTE Network; ADRs Edge up Pre-Bell – Nasdaq

Nokia Reaches Deal To Modernize Finnish LTE Network; ADRs Edge up Pre-Bell – Nasdaq

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Nokia ( NOK ) American depository shares edged higher in pre-market trading after reaching a deal to modernize the nationwide LTE network for Ukkoverkot, a Finnish private network operator.

The company said it will begin upgrading Ukkoverkot’s older-generation network technology in Q4. Nokia will introduce its 450MHz LTE service which will be deployed for the first time in Finland.

The upgrades will support the industrial IoT market, critical communications customers and private LTE-based network clientele, Nokia said. Financial terms of the agreement were not disclosed.

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