) wholly-owned subsidiary, Nokia Solutions and Networks ("NSN"),
has extended its deal with Saudi Telecom Company (STC) to offer
managed services to GSM, 3G and LTE networks. However, the
financial terms of the contract have not been disclosed.
Earlier, NSN aided the deployment of 4GLTE technology by STC
across Saudi Arabia's western province. NSN supplied its popular
RAN (radio access network) superior technology supported with
Flexi Multiradio 10 Base Station. Moreover, it also offered
TD-LTE network and USB data dongle devices to end users in order
to boost TD-LTE rollout.
NSN is gaining a strong foothold in Saudi Arabian markets by
continuously winning substantial orders. Last year, it struck a
$325 million deal with Mobily to deploy 4GLTE network across its
footprint within 18 months.
In the recently concluded fourth-quarter 2013, the NSN segment
generated $4.2 billion of revenues, up 20% sequentially. Both
Middle East & Africa and China contributed nearly 25% of the
total revenue for NSN.
Chunghwa Telecom Co. Ltd.
) intends to offer LTE services from mid-2014 and has selected
NSN as its major vendor while the world's largest telecom
China Mobile Ltd.
), is aggressively deploying TD-LTE base stations across its
Moreover, the latest report from ABI Research projects that
within next five years nearly 50% of all African nations will
come under LTE network coverage. Hence, we believe that such
growth opportunities across China and Middle East & African
regions will bolster NSN's revenues going forward.
CHINA MOBLE-ADR (CHL): Free Stock Analysis
CHUNGHWA TELECM (CHT): Free Stock Analysis
MICROSOFT CORP (MSFT): Free Stock Analysis
NOKIA CP-ADR A (NOK): Free Stock Analysis
To read this article on Zacks.com click here.
Nokia has decided to divest its core mobile handset business and
services division to
). The deal is expected to close in the first quarter of 2014.
Post the divestiture, NSN will become the company's chief
Nokia currently carries a Zacks Rank #2 (Buy).