Nokia to Supply 5G Radio Equipment to Portugal’s MEO

Reuters is reporting that Nokia has secured a deal to provide 5G radio equipment to Portugal’s telecom operator MEO, marking a significant step for both companies. MEO is one of Portugal’s leading mobile operators, formerly known as Telecom Portugal and now owned by France’s Altice. According to sources, the contract has been agreed upon but not yet signed. The announcement could come as early as next month.

This deal strengthens Nokia’s presence in the European 5G market and supports Portugal’s digital infrastructure development.

Globally, this deal reflects the accelerating adoption of 5G technology and highlights Nokia’s competitive position in the telecom industry, influencing the future landscape of global telecommunications and connectivity advancements.

Nokia might benefit from a stronger presence in the European 5G market. The deal will help raise revenue through sales and maintenance of 5G equipment. It might also show others that Nokia still has a reputation as a reliable 5G technology provider and that the company competes well with telecom giants like Ericsson and Huawei.