© Reuters.
HELSINKI – Nokia (HE:) has entered into a partnership with T-Mobile to provide a Multi-Access Gateway (MAG) solution, designed to bolster T-Mobile’s nationwide fixed-wireless High-Speed Internet (HSI) service. This service includes LTE and both non-standalone (NSA) and standalone (SA) forms of 5G technology.
The MAG solution is based on Nokia’s advanced FP5 IP routing silicon, which is set to enhance T-Mobile’s service scalability, reduce operational costs, and minimize the energy footprint. This strategic move is in line with T-Mobile’s ambitious target to expand its High-Speed Internet service reach to up to 8 million customers by the year 2025.
The collaboration with Nokia is a significant step for T-Mobile as it seeks to improve its HSI offerings across the United States. The use of Nokia’s technology is expected to facilitate a more efficient and sustainable network infrastructure, which is becoming increasingly important as demand for high-speed internet continues to rise.
T-Mobile’s investment in advanced technologies through partnerships such as this one with Nokia demonstrates the company’s commitment to enhancing connectivity and service quality for its customers, while also focusing on sustainability and cost-effectiveness.
InvestingPro Insights
As Nokia forges ahead with its partnership to enhance T-Mobile’s High-Speed Internet service, the financial metrics from InvestingPro paint a promising picture for the company’s fiscal health. With a market capitalization of $19.02 billion and an attractive P/E ratio of 4.55, which further adjusts to 4.39 for the last twelve months as of Q3 2023, Nokia exhibits a strong value proposition. The company’s commitment to financial stability is underscored by its position of holding more cash than debt on its balance sheet—an InvestingPro Tip that signals a robust financial footing.
Another InvestingPro Tip highlights Nokia’s high shareholder yield, which is complemented by a dividend yield of 2.51% as of the latest data. This is particularly noteworthy for investors seeking income in addition to growth potential. Nokia’s status as a prominent player in the Communications Equipment industry is bolstered by its profitability over the last twelve months and the anticipation of profitability for the current year by analysts.
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Tyler Fields is your internet guru, delving into the latest trends, developments, and issues shaping the online world. With a focus on internet culture, cybersecurity, and emerging technologies, Tyler keeps readers informed about the dynamic landscape of the internet and its impact on our digital lives.
