Nokia Stock +3.8% After T-Mobile Deal, Selection for Cybersecurity Project

  • Nokia (NYSE:NOK) is up 3.8% premarket after landing a 5G deal with T-Mobile and earning selection for a U.S. federal cybersecurity project.
  • T-Mobile will use Nokia's AirScale Radio platform as part of deploying an Ultra Capacity 5G layer, using 2.5 GHz Massive MIMO technology, in a five-year multibillion-dollar deal.
  • That's a move to further expand T-Mobile's extended-range 5G coverage.
  • Nokia also won selection for the U.S. National Cybersecurity Center of Excellence 5G Cybersecurity Project.
  • The group is working together to ensure the transition from 4G networks to 5G is secure.
  • It will identify a number of 5G use cases and "demonstrate how the components of the 5G architecture can provide security capabilities to mitigate identified risks and meet industry sectors’ compliance requirements."
  • Nokia solutions that will be deployed for the project include its software, 5G RAN and core solutions and IP Backhaul, as well as innovations from Nokia Bell Labs.

Read more at: Seeking Alpha