10/2/2020, 9:18 AM (Source: TeleTrader)
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Nokia signs 17 commercial 5G deals, reaching 100

Nokia Corp. announced on Friday that it had signed 17 new commercial 5G deals in the third fiscal quarter, bringing its total to 100. In addition, the company stated that it had 160 commercial 5G engagements, including paid trials.

Earlier this week, Nokia signed a deal to distribute 5G radio equipment to BT Group. It also said that enterprise customers make up 12% of its 5G agreements. "We know we still have work to do and that the market remains highly competitive. But, we are moving fast - and these wins make it clear that our progress is being validated by customers. We deeply appreciate their ongoing support and are committed to delivering for them," said Tommi Uitto, Nokia's president of mobile networks.

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