With major companies speeding up introducing 5G services, Nokia (NYSE: NOK) doesn’t seem to lag behind. Riding on the 5G bandwagon, the telecom company has started taking the first steps towards bringing 5G across Australia. For this purpose, the network infrastructure company deployed IPAA or Interleaved Passive Active Antenna solution in Australia, alongside Optus. NOK was up 0.55% yesterday and closed at $5.48 per share on account of the breaking story. The 52-week high of Nokia is $9.79.
IPAA 5-G Solution for Australia
IPAA is developed with CommScope Holding Company Inc (NASDAQ: COMM). The solution aims to accelerate the deployment of 5G across Australia by easily upgrading the present infrastructure. The operators need to replace their older antennas with requested similar-sized units to support the legacy technologies in the said process.
IPAA is among the best global innovation available to customers for exercising 5G. The introduction of this technology into the network infrastructure of Nokia will enable it to pace up the 5G network deployment process by focusing on and addressing two major constraints, i.e., structural capacity and space.
Nokia also settles feud with Daimler
In other news, not related to this, Nokia has given its nod to settle telecommunication technology feud with Daimler (DDAIF). The two companies have settled on the same page regarding pending litigation for licensing technology. The terms of the arrangement between the two companies are confidential.
Is Nokia positioned well?
On the foundation of these two major stories, it seems that Nokia is well-positioned for becoming the major market shareholder for 5G. Edward Snyder of Charter Equity Research has also reiterated the “Hold” rating on NOK. The analyst said that if China excludes Ericsson from 5G tenders opening up, Nokia will remain in a good position and hold strong. Additionally, the tension between China and Sweden is giving Nokia an edge to pounce on the market share from its largest competitor.