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Reuters
Reuters
Business

Nokia signs 5G equipment deal with AT&T

FILE PHOTO: A view of the logo at the headquarters of the Finnish telecoms company Nokia in Espoo, Finland March 16, 2021. Lehtikuva/Heikki Saukkomaa via REUTERS

Nokia has signed a five-year deal with AT&T to deploy a 5G network on the mobile operator's C-Band spectrum in parts of the United States, the Finnish company said on Thursday.

Nokia said its portfolio for C-Band, meaning satellite transmissions in the 4-8GHz frequency range, includes support for different 5G networks, cloud-based implementations and Open RAN products.

U.S. wireless companies last month won $78 billion in bids in the government’s auction for a band of C-Band spectrum critical to next-generation 5G networks.

FILE PHOTO: The company logo for AT&T is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid

C-Band spectrum provides a good balance of both capacity and coverage, while also allowing rapid 5G rollout and fast introduction of services.

Nokia did not disclose the value of the agreement.

(Reporting by Essi Lehto; editing by Jason Neely)

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