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4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Oyj    NOKIA   FI0009000681

NOKIA OYJ (NOKIA)
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Nokia Oyj : Orange Jordan and Nokia deploy fiber-to-the-home network to support new ultra-broadband services

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09/28/2017 | 09:01am CEST

Press Release 

27 September 2017

Amman, Jordan - Nokia and Orange Jordan are deploying a fiber-to-the-home (FTTH) network that will bring new ultra-broadband access and triple-play services to thousands of homes and businesses across Jordan besides Orange Jordan's existing ADSL (Asymmetric digital subscriber line) technology. Using a combination of Nokia's GPON (gigabit passive optical network) technology, fixed network professional services, as well as Nokia Applications and Analytics advanced network and device management software, Orange Jordan will be able to quickly deliver over 200 Mbps services needed to meet surging demand for high-speed residential and commercial services.

Today, broadband penetration in Jordan is predominantly wireless-based. Only five percent of the population accesses the internet via a fixed connection, a fraction of the six million total broadband subscribers, according to 2017 report concerning ICT in Jordan. However, as demand for e-services, e-commerce, e-health, and e-education services grows across the Kingdom, the Jordanian government is focused on enhancing its fixed access infrastructure to ensure higher speed internet access is more broadly available. As the first operator to launch a FTTH service in 2016, Orange Jordan is applying its global expertise to initiate and maintain digital transformation in the Kingdom. These ambitions are in line with the Orange Group's five-year corporate strategy, Essentials 2020, which focuses on connecting people to all that is essential to them.

Utilizing Nokia's GPON FTTH technology, Orange Jordan will be able to deliver enhanced services to new customers as well as extend the service to subscribers already served by the existing ADSL-based network. With the use of the Nokia Network Analyzer, Home Device Manager, and Home Care solutions, Orange Jordan will be able to proactively manage the GPON network and communication devices in customers' homes.

Orange Jordan CEO Jérôme Hénique, said: "We needed to quickly deploy a FTTH network that would provide the end-to-end capabilities we required to support our customers' evolving ultra-broadband needs. Nokia's credibility along with its innovations and expertise in fiber technology were strongly considered during the selection process for the current phase of technical deployment. Today, we have successfully enabled Fiber connectivity for more than 30,000 homes-and are now focused on fiberizing the rest of the network, which is expected to be up and running by the end of 2017.This is all in effort of confirming Orange Jordan's position as the strongest provider of high-speed internet and the leading provider of the most powerful telecommunications services."

Jean-Francois Pigeon, head of the Orange Customer Team for Middle East & Africa at Nokia, said: "We are pleased to continue our long-term collaboration with Orange Jordan and support its FTTH project, from infrastructure deployment to homes connected. As a leading provider of GPON technology and associated services, we have the software tools, expertise and experience to cost-effectively address the various deployment needs of Orange in Jordan, addressing its network deployment needs and Quality of Experience challenge today and in the future."

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About Nokia
We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing.
From the enabling infrastructure for 5G and the Internet of Things, to emerging applications in virtual reality and digital health, we are shaping the future of technology to transform the human experience. nokia.com

Media Enquiries
Kannan K
Nokia Media Relations
Phone: +971 529 823 406
E-mail: [email protected]

Communications
Phone: +358 (0) 10 448 4900
E-mail: [email protected]




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via Globenewswire

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Financials (€)
Sales 2017 23 213 M
EBIT 2017 1 938 M
Net income 2017 -33,7 M
Finance 2017 3 864 M
Yield 2017 3,55%
P/E ratio 2017 -
P/E ratio 2018 33,14
EV / Sales 2017 1,13x
EV / Sales 2018 1,13x
Capitalization 30 131 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 6,11 €
Spread / Average Target 18%
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NameTitle
Rajeev Suri President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
Monika Maurer Chief Operating Officer
Kristian Pullola Chief Financial Officer
Marcus Weldon Chief Technology Officer
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