Nokia and T-Mobile announce a $3.5 billion deal to debut the 5G network. The fastest network service to be available as soon as possible.
Nokia and T-Mobile announce a $3.5 billion deal
Nokia is aware that the network business was very slow between April to June 2018. And now, the Finnish network and electronics giant is taking another important subject on developing new network technology. Nokia and T-Mobile teamed up to start building their 5G networks later this year. Very soon, you will be able to have a much faster and secure network as the company announced a multi-year partnership with T-Mobile.
In the $3.5 million deal, Nokia will furnish things such as hardware, software, and electronic services so T-Mobile US can start developing the 5G network. So far, the network will mix up with both wide-coverage 600MHz bands and the high-capacity 28GHz millimeter wave bands. Additionally, the operating margin is expected to be around 9-11% for the full year with earnings per share of €0.23-0.27.