GlobeNewswire by notified

Nokia wins 5G deal with Finnish Shared Network (SYV)

Share

Press Release

Nokia wins 5G deal with Finnish Shared Network (SYV)

  • Nokia has been selected as a supplier for SYV’s radio access network (RAN) equipment and managed services
  • The deal includes the rollout of 5G RAN equipment and modernization of existing 2G, 3G and 4G sites across northern and eastern Finland
  • Three-year rollout will begin in early 2021 and is planned to be completed by the end of 2023.

26 October 2020

Espoo, Finland – Nokia today announced it has been selected by Finnish Shared Network Ltd (SYV) – a joint operation by DNA Oyj and Telia Finland Oyj – as a supplier of 5G radio network equipment including deployment and managed services. The modernized network will enable SYV to provide advanced 5G services in a cost-efficient manner across northern and eastern parts of Finland.

The deal will see Nokia replace SYV’s current radio access network equipment, offer digital deployment for faster time to market, and comprehensive managed services over the course of the three-year rollout. The overhaul is primarily driven by 5G deployment and will enable SYV to future-proof its infrastructure for the next generation of digital services, whilst improving current 2G, 3G and 4G capabilities across the sites. Nokia will be the provider responsible for the network infrastructure upgrade, providing field maintenance, network monitoring and implementation services in over 50 percent of the country area across eastern and northern Finland. The deployment of this entirely new infrastructure will begin in early 2021 and is expected to be completed by the end of 2023.

The network modernization project will involve upgrading RAN equipment across the existing 2G, 3G, and 4G networks as well as the deployment of the new 5G network. This includes all existing base stations, base station controllers, radio network controller and IP transport for the connection to the core infrastructures of DNA Oyj and Telia Finland Oyj. Operations Support Systems and reporting systems will also be upgraded. Nokia will be responsible for deploying and managing the new network, supporting a range of business models and operating capabilities that will enable SYV to optimize the cost of operations whilst improving service and network performance.  

Antti Jokinen, CEO of SYV, said: “When evaluating potential long-term partners to help us modernize our network infrastructure, we chose Nokia for its expertise in the market as well as the comprehensive set of sustainable and secure solutions it offers. Aside from the radio and IP connectivity equipment we needed as part of our 5G network deployment, Nokia’s wide range of managed services and impeccable global reputation meant it stood out as a reliable vendor to help us future proof our infrastructure investment. We look forward to cooperating with the Nokia team to provide 5G-enabled services in the very near future in an efficient manner.”

Tommi Uitto, President, Mobile Networks, Nokia, stated: “We take great pride in being selected as the trusted partner to modernize SYV’s network infrastructure and pave the way to a 5G-enabled future for its customers. Our product and service portfolio is ideal for organizations aiming to capitalize on the latest technology trends. We look forward to working closely with SYV to help them bring DNA’s and Telia’s end customers the best 5G coverage and services across northern and eastern parts of Finland.”

Nokia is a global leader in 5G with the industry's only end-to-end portfolio that is available globally. With more than 160 commercial engagements underway, our 5G solutions, software and services allow our customers to take advantage of the promise of this next generation of network technology. Learn more about Nokia 5G.

Resources

About Nokia
We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks.

Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia.

Media Inquiries:
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com

About Finnish Shared Network Ltd (SYV)
The Finnish Shared Network Ltd (a.k.a. Suomen Yhteisverkko Oy, acronym SYV) is a joint operation by DNA Oyj (part of Telenor Group) and Telia Finland Oyj (part of Telia Company). The company is responsible for development, design, construction, and maintenance of a shared mobile network infrastructure in Northern and Eastern Finland.

About DNA
DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. We are Finland's largest cable TV operator. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The company was ranked the best employer in Finland in the large companies category of the 2019 Great Place to Work survey. In 2019, our net sales were EUR 942 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

About Telia
In recent years, Telia has grown from a traditional telecommunications operator to a modern technology and media company offering a wide range of telecommunications, IT and digital services to its millions of consumer and business customers. Telia has 4,000 employees and 4.3 million subscription customers in Finland. We invest each year about EUR 200 million in connections in Finland. www.telia.fi   
Telia Finland is part of Telia Company, which operates mainly in the Nordic and Baltic countries. The company's turnover in 2019 was EUR 9.8 billion. The company is committed to being CO2 neutral and waste-free throughout its value chain from suppliers to customers by 2030. www.teliacompany.com.

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Meddelelse nr. 08/2024: Forløb af ordinær generalforsamling26.4.2024 10:57:16 CEST | pressemeddelelse

Strategic Investments A/S (CVR nr. 71064719) afholdte fredag d. 26. april 2024 kl. 10:00 ordinær generalforsamling. Indkaldelse, dagsorden og de fuldstændige forslag fremgår af selskabsmeddelelse nr. 06/2024 af d. 4. april 2024. Bestyrelsen havde udpeget advokat Jens Ahrendt, Mazanti-Andersen Advokatpartner­selskab som dirigent. Dirigenten konstaterede, at general­for­samlingen var rettidigt varslet og beslutnings­dygtig. Dagsordenspunkt 1-3 Adm. dir. Jens Black gennemgik årets væsentligste begivenheder, redegjorde for selskabets resultatudvikling i 2023 og gennemgik selskabets balance. Forud for generalforsamlingen havde selskabet offentliggjort delårs­rapport for 1. kvartal 2024. Jens Black opsummerede kort udviklingen i 1. kvartal 2024 herunder kvartalets resultat og afkast i hovedtal. Med henvisning til årsrapporten indstillede bestyrelsen til generalforsamlingen, at der, i lighed med for 2022, udloddes udbytte for regnskabsåret 2023 på DKK 0,02 pr. aktie. Beretningen blev taget ti

Development of the Extraordinary General Meeting on Friday 26 April 202426.4.2024 10:47:27 CEST | Press release

ANNOUNCEMENT A.P. Møller - Mærsk A/S - Development of the Extraordinary General Meeting on Friday 26 April 2024 The Extraordinary General Meeting of A.P. Møller - Mærsk A/S took place on Friday 26 April 2024 as a completely electronic general meeting in accordance with the below agenda. The Board of Directors had appointed Niels Kornerup, attorney-at-law, as chair of the meeting. Agenda Completion of the demerger. The General Meeting adopted the Board’s proposal to complete the demerger of A.P. Møller - Mærsk A/S as described in the demerger plan of 22 March 2024 by transfer of the Company’s towage and marine services activities to a new company, Svitzer Group A/S (Svitzer Group) which will be established as part of the demerger. Election of the Board of Directors of Svitzer Group. Morten H. Engelstoft, Robert M. Uggla, Christine Brennet Morris and Peter Wikström were elected as members of the Board of Directors of Svitzer Group until the first annual general meeting of Svitzer Group t

Forløb af ekstraordinær generalforsamling fredag den 26. april 202426.4.2024 10:47:27 CEST | pressemeddelelse

SELSKABSMEDDELELSE A.P. Møller - Mærsk A/S – Forløb af ekstraordinær generalforsamling fredag den 26. april 2024 Den ekstraordinære generalforsamling i A.P. Møller - Mærsk A/S afholdtes fredag den 26. april 2024 som fuldstændig elektronisk generalforsamling i henhold til nedenstående dagsorden. Bestyrelsen havde udpeget advokat Niels Kornerup til dirigent. Dagsorden Gennemførsel af spaltning. Generalforsamlingen vedtog bestyrelsens forslag om at gennemføre den i spaltningsplanen af 22. marts 2024 angivne spaltning af A.P. Møller - Mærsk A/S, således at Selskabets bugserings- og marineserviceaktiviteter overføres til et nyt selskab, Svitzer Group A/S (Svitzer Group), der opstår ved spaltningen. Valg af bestyrelsesmedlemmer til Svitzer Group. Morten H. Engelstoft, Robert M. Uggla, Christine Brennet Morris og Peter Wikström blev valgt som medlemmer af bestyrelsen in Svitzer Group indtil den første ordinære generalforsamling i Svitzer Group i 2025. Godkendelse af honorar til bestyrelsen i

Company announcement no 8 Idavang 2024 Annual General Meeting 26-04-202426.4.2024 10:45:00 CEST | Press release

Annual General Meeting 26th April 2023 Idavang A/S CVR 30 95 61 43 The agenda of the annual meeting of shareholders Election of chairman for the annual meeting of shareholdersPresentation of the annual report along with any director’s report and adoption of the annual reportResolution on the distribution of the profit recorded in the adopted annual reportElection of directors 5 existing members of the boards nominated (Niels Hermansen, Ole Bjerremand Hansen, Carsten Lund Thomsen, Jytte Rosenmaj and Claus Baltsersen) as members of the boardDecision on fee to directorsAppointment of auditor, if requiredAOB The decision of annual meeting of shareholders (all unanimous) In favor of electing Mr. Michael Henriksen the chairman for the annual meetings of shareholders of Idavang A/S. In favor of the decision to adopt annual report of Idavang A/S. In favor of the decision, all decisions that retain the full net profit for the year ended December 31, 2023 in Retained Earnings attributed to Idava

HiddenA line styled icon from Orion Icon Library.Eye