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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 : and Zain Saudi Arabia conclude Middle East's first trial of Flexi Zone LTE-U multiband small cells with deployment to follow

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10/05/2017 | 09:10am CEST

Press Release

  • Nokia's innovative approach enables Zain to achieve record 223Mbps downlink speed in an active commercial network

  • Deployment of Nokia Flexi Zone small zones will allow Zain to provide improved customer experience without acquiring additional licensed spectrum

05 October 2017

Riyadh, Kingdom of Saudi Arabia - Nokia and Zain Saudi Arabia have successfully completed the Middle East's first trial of LTE-Unlicensed, combining unlicensed spectrum in the 5 GHz frequency band with 1800 MHz spectrum to deliver a downlink speed of 223 megabits per second. Following the trial, the Nokia technology will be deployed in hotspots, for example, in malls and cafes in Jeddah and around the Holy Mosque in Makkah. The project to develop the use of LTE-U in the Kingdom marks an important step for Zain to offer a superior subscriber experience using unlicensed spectrum.

Service providers like Zain are looking to technology innovation to serve the ever-increasing data needs of their customers. LTE-U is one such approach, combining traditional LTE with LTE in unlicensed 5 GHz spectrum to enable service providers deliver exceptional service quality without significantly increasing their spectrum expenses.

Small cells are integral to successfully utilizing unlicensed LTE, and Nokia's Flexi Zone multiband small cell technology will support Zain in significantly increasing downlink data rates for mobile devices while also enhancing mobility, security, and the reliability of 4G/LTE connections.

Eng. Sultan Abdulaziz AlDeghaither, Chief Technology Officer, Zain Saudi Arabia, said: 'There has been exponential growth in the demand for high-speed mobile broadband services. This trial with the support of our longstanding and trusted partner, Nokia, is an important step in our commitment to adopt the latest technological solutions to provide innovative and best possible services to our subscribers. It will also give us a crucial competitive edge.'

Ali Al Jitawi, head of the Zain Saudi Arabia customer team at Nokia, said: 'The trial underlines Nokia's technological excellence and innovation, as well as its commitment to ensuring service providers can provide the best experience to their customers. This deployment will enable Zain to enhance the in-building quality of its service without increasing expenditure.'

Overview of the solution used for trial:

  • The trial and deployment is based on Nokia Flexi Zone Multiband Small Cells, which allow service providers to aggregate spectrum from both licensed and unlicensed frequency bands, efficiently increasing capability and service reliability.

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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 Inquiries:

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]

Nokia Oyj published this content on 05 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2017 07:09:04 UTC.

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Financials (€)
Sales 2017 23 224 M
EBIT 2017 1 940 M
Net income 2017 -33,6 M
Finance 2017 3 864 M
Yield 2017 3,68%
P/E ratio 2017 -
P/E ratio 2018 31,91
EV / Sales 2017 1,08x
EV / Sales 2018 1,08x
Capitalization 29 010 M
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Average target price 6,11 €
Spread / Average Target 23%
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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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