Strength in Network Infrastructure
Network Infrastructure delivered 8% growth with Fixed Networks growing 17%, Optical Networks 6%, and IP Networks 3%. This growth was particularly driven by demand in Optical Networks and positive reception to the Infinera acquisition.
New Deals and Partnerships
Nokia secured significant deals, including its first award from a hyperscaler for 800 gig ZR/ZR+ pluggables and a deal with a large U.S. communication service provider. Additionally, new 5G deals were signed with T-Mobile U.S., Elisa in Finland, and Optus in Australia.
Strong Cloud and Network Services Performance
Cloud and Network Services net sales grew by 14%, reflecting momentum in Core Networks, with strong growth in North America and Asia Pacific.
Advancements in AI and Technology
Nokia is actively participating in consortiums bidding for the EU's EUR 20 billion program to build AI gigafactories, indicating long-term growth opportunities in AI infrastructure.