Nokia Oyj (ADR)(NYSE:NOK) has completed upgrade works on Greece’s largest telecom provider, Cosmote, networks, while using its long haul 9,500 Microwave Packet Radio. The upgrade will allow the service provider to meet growing demand for broadband services especially in rural areas across Greek Islands.
Nokia’s Cosmote Network Upgrade
Thanks to the new technology, Cosmote will now be able to deliver data at speeds of up to 1Gbps while serving both fixed and mobile networks. The upgrade also makes it possible for the telecommunications company to use its existing passive radio equipment.
Cosmote should be able to provide fiber-like connectivity to remote locations thanks to the Nokia’s long haul microwave technology. In addition, the network will enjoy backhaul redundancy ensuring end customers get access to reliable network connections.
“Providing a network across a spread of islands provides its own unique challenges. Nokia first demonstrated the capabilities of the 9500 MPR in a demanding live field trial, and we are pleased to work with Cosmote as it evolves its network in this commercial deployment,” said, Konstantinos Koroneos head of the Cosmote account at Nokia.
Nokia boosting Cosmote’s network coverage comes on the heels of news it has inked a deal to help T-Mobile US Inc. (NASDAQ:TMUS) develop its 5G network slated for release in 2019. While the upgrade of Cosmote network is good news its partnership with T-Mobile is big news given that it affirms its credentials when it comes to building telecommunication networks. 5G network is set to be a big deal in the coming years as it is seen as a direct replacement for the 4G LTE technology.
The slate of new deals on the telecommunication-equipment side of the business is helping turn around the Finish Company’s fortunes, which for long have been on a downward trend. For the first three months of the year, the company reported slower sales decline compared to the previous quarters an indication its turnaround is gaining momentum faster than initially thought.
Nokia stock was up by 1.21% in Tuesday trading session ending the day at highs of $5.84 a share.