5G networks have the potential to boost the world’s economy by increasing productivity. That might also change the way we communicate and work. Today, in the ages of the COVID-19 pandemic, we can see the large potential of a capable networking system, and investment in 5G is a smart move. Finnish Shared Network Ltd (SYV), which is a joint operation by DNA and Telia Finland, chose Nokia to be the vendor and supplier of 5G radio network equipment including deployment and managed services. Nokia won’t be only deploying a 5G network but will be improving the capability of existing 2G, 3G, and 4G installations. The deployment will start in 2021, and it should finish in 2023.
This is great news for Nokia, and also Finland’s economy, which will surely benefit from the local operator’s investments in the also local network provider. Nokia is also not only improving the Finnish network but will be the first networking manufacturer to bring 4G technology to the moon. I hope that all of this will help improve the value of Nokia stocks. I also hope that Nasdaq’s congratulations to Nokia will have some effect too.