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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 successfully trial country-first NB-IoT technology in live network for smart cities

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10/03/2017 | 09:10am CET

Press Release

  • Trial underlines Nokia's leadership in enabling the Internet of Things (IoT) and creating a programmable world, and represents another step by Zain toward realization of smart cities

  • Zain aims to deploy NB-IoT in major cities and rural areas by end of 2017

03 October 2017

Riyadh, Kingdom of Saudi Arabia - Nokia and Zain Saudi Arabia have taken a significant step towards the creation of an IoT ecosystem in the Kingdom of Saudi Arabia with the successful trial of NB-IoT (Narrowband Internet of Things) technology at a live site in Mina area of Makkah Province.

In the trial - which used smart metering as a potential use case - NB-IoT was applied to communicate temperature, humidity and air pressure from a remote location via a Nokia LTE base station at 900 MHz, demonstrating the role NB-IoT could play in applications such as smart metering for electricity departments, smart parking and smart waste management. The trial follows the MoU signed by Nokia and Zain Saudi Arabia to collaborate on 5G and IoT development.

NB-IoT is a 3GPP Release 13 radio access technology designed to enable connectivity to IoT devices. The technology works in almost any environment, with its strong coverage capability connecting devices in hard-to-reach locations and its use of existing mobile networks allowing for the transfer of small data packets securely and reliably. In addition, with NB-IoT's very low power consumption, device battery life can last about 10 years.

In the NB-IoT trial, data was transferred using Nokia's LTE radio platform Flexi Multiradio 10 Base Station and Nokia's professional services expertise, including system integration, network implementation, and care services.

Eng. Sultan Abdulaziz AlDeghaither, Chief Technology Officer, Zain Saudi Arabia, said: 'This Saudi-first IoT trial in a live network again shows our strong commitment to bring new services to make people's lives more comfortable and productive. It has been a fruitful, decade-long journey with our longtime partner Nokia in transforming telecom services in Saudi Arabia, and now this successful joint trial accelerates our initiatives in building smart cities across the Kingdom including Riyadh and Jeddah.'

Ali Al Jitawi, head of the Zain Saudi Arabia customer team at Nokia, said: 'This trial is the first step in utilizing Zain's country-wide LTE network assets to create a cost-efficient IoT ecosystem and introduce new services. NB-IoT will help connect numerous devices, opening revenue opportunities in many verticals including transport, manufacturing, healthcare, energy, agriculture and home appliances.'

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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:

Nokia
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 03 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 October 2017 07:09:04 UTC.

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Financials (€)
Sales 2018 22 107 M
EBIT 2018 2 210 M
Net income 2018 193 M
Finance 2018 3 475 M
Yield 2018 4,22%
P/E ratio 2018 194,08
P/E ratio 2019 26,08
EV / Sales 2018 1,07x
EV / Sales 2019 1,05x
Capitalization 27 200 M
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Rajeev Suri President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
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