Nokia is reportedly looking to sell or merge its networking business, but that doesn't seem to stop the Finnish company from continuing to add new customers to its portfolio.
Despite the fact that demand from network operators has declined in recent years, Nokia was able to convince AT&T, one of the largest wireless operators in the US, that it could be the best choice for upgrading its fiber optic infrastructure.
The two giants announced today that they have signed a multi-year agreement to support AT&T's extensive fiber optic network, which will exceed 27.8 million fiber sites in total in the second quarter of 2024.
“Fiber plays a critical role in the foundation of the services we offer our customers. This rollout will not only improve broadband access for millions of customers, but will also set the stage for the next wave of digital innovations, including Industry 4.0, smart cities, IoT applications and ultra-high definition streaming.”said Chris Sambar, head of AT&T’s network division.
Under the agreement, Nokia will provide fiber optic solutions to help AT&T expand and modernize its network in the future. The five-year contract includes fiber optic upgrades to the carrier's current network as well as next-generation fiber optic technologies for future network expansion.
“This collaboration is an important milestone in our mission to connect more people and businesses. Our fiber solution opens the door to a whole range of PON technologies available on the same platform and fiber, including 10/25G PON today and potentially 50/100G PON in the future. Ultimately, this can help operators like AT&T make the most of their existing fiber broadband networks today and in the future. Together, we are paving the way for a more connected and responsible future.”, said Sandy Motley, President of Fixed Networks at Nokia.
The announcement comes at a crucial time for Nokia, as the company's networking business is once again struggling to thrive. It remains to be seen whether the Finnish company can turn things around like it did four years ago.