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Nokia partners with internet giants, shares react

Published 03/15/2021, 09:15 AM
Updated 03/15/2021, 09:20 AM
© Reuters. FILE PHOTO: The Nokia logo is seen on a smartphone in front of a displayed stock graph in this illustration
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HELSINKI (Reuters) - Finnish telecom equipment maker Nokia (NYSE:NOK) on Monday announced it has partnered with Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) web services and Google (NASDAQ:GOOGL) to develop new cloud-based 5G radio solutions with its radio access network (RNA) technology.

The goal of the partnerships is to develop new business cases, the company said in three separate statements.

"Open collaboration is key to the development of new and innovative high value 5G use cases that will equip our customers with the tools they need for digital transformation," Nokia President of Mobile Networks Tomi Uitto said.

© Reuters. FILE PHOTO: The Nokia logo is seen on a smartphone in front of a displayed stock graph in this illustration

Nokia shares were up over 4% in Helsinki at 1300 GMT.

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