Nokia Corp’s (NOK - Free Report) wholly-owned subsidiary, Nokia Solutions and Networks (“NSN”), has been awarded a five-year contract by Vodafone Group plc. (VOD - Free Report) , to modernize and expand its existing radio network.
Per the deal, NSN will purvey its Single radio access network (RAN) Advanced solutions together with operating support systems and related services. Moreover, NSN will provide a common Subscriber Data Management solution for Vodafone. However, the financial terms of the deal have not been disclosed.
Notably, last week, NSN announced six developments in its Single RAN Advanced portfolio. The new product suite will enable significant cost cutting on the part of wireless carriers through fewer boxes, less cabling, faster installation, simpler operations, higher scalability and more efficient use of spectrum.
Earlier this week, NSN received a LTE network upgrade contract from EE, a leading U.K.-based wireless operator. The contract requires NSN to install its Single RAN Advanced solutions for EE.
Last year, NSN entered into a deal with content delivery network operator, CDNetworks, to accelerate the delivery of mobile content. Liquid technology is a software solution for network infrastructure that drastically reduces the need for dedicated hardware. NSN stated that its new Liquid Applications will change the competitive landscape of the telecom infrastructure gear market by revolutionizing base stations.
Recently, Germany’s Manager Magazine Online reported that NSN is exploring strategic options to acquire network infrastructure maker, Juniper Networks Inc. (JNPR - Free Report) . However, neither Nokia nor Juniper has confirmed the news.
Last year, some industry report stated that Nokia had intentions of acquiring Alcatel-Lucent S.A. to strengthen its U.S. business, which the company ultimately rebuffed. Currently, Nokia carries a Zacks Rank #2 (Buy).