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Nokia bags five-year 5G deal with Elisa Estonia

By David Burrows

09:03, 20 December 2021

Nokia 5G logo against a 5G graphic. Photo: Shutterstock
Nokia’s deal with Elisa Estonia includes the replacement of the existing 4G infrastructure – Photo: Shutterstock

Nokia has won a five-year 5G deal with Elisa Estonia as sole Radio Access Network (RAN) vendor.

The telecoms giant’s deal includes the replacement of the existing 4G infrastructure.

Under the terms of the deal, Nokia will provide equipment from its latest ReefShark System on chip-powered AirScale equipment portfolio covering Elisa's nationwide radio network across the country.

Nokia’s AirScale RAN portfolio is designed for simple ‘plug-in’ deployment and reduced power consumption. It is suitable for dense-urban environments as well as coverage in wide-expanse rural areas.

Sustainable 5G business

Andrus Hiiepuu, CEO at Elisa Estonia, commented on the agreement: “We have huge ambitions for providing state-of-the-art entertainment and communications services to our customers, underpinned by a 5G network.”

US30

36,260.20 Price
0.000% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 2.2

HK50

16,187.90 Price
-0.490% 1D Chg, %
Long position overnight fee -0.0259%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 5.0

DE40

16,767.00 Price
-0.170% 1D Chg, %
Long position overnight fee -0.0221%
Short position overnight fee -0.0001%
Overnight fee time 22:00 (UTC)
Spread 1.5

US100

16,075.90 Price
-0.060% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 1.8

He added: “Nokia is our trusted partner for this and will help us to deliver a sustainable 5G business. Their technology and innovation will help us to differentiate in the market and I look forward to working closely with them on this project.”

Tommi Uitto, president of mobile networks at Nokia, said: “We are delighted to have been selected by Elisa Estonia in this deal and for their trust in our technology leadership. Our AirScale portfolio will deliver cutting-edge connectivity to their customers, and I look forward to working closely with them on this project and beyond.”

City watchers will be keen to see if the New York-listed Nokia stock (also listed in Helsinki) moves when the market opens later today.  

Markets in this article

NOKIA
Nokia - SEK
33.12 USD
-0.6 -1.790%
NOKIA
Nokia - SEK
33.12 USD
-0.6 -1.790%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
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CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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