Nokia Scoops 5G Contracts In Newer Markets - Nokia (NYSE:NOK)

A1 Telekom Austria Group (A1) has chosen Nokia Oyj NOK to extend its 5G footprint outside of Austria into Bulgaria, Serbia, and Slovenia.
Nokia will provide 5G RAN solutions from its AirScale portfolio to Bulgaria, Serbia, Slovenia, and a 5G Standalone core network to Serbia and Slovenia.
The deployment is already underway in Bulgaria and is likely to start imminently in all other markets.
Nokia is already providing 5G coverage across Austria.
Nokia will provide equipment from its AirScale portfolio, including 5G RAN and other Nokia AirScale radio access products.
Nokia will support A1 to cover the significant populated communities and main roads within the next five years.
Recently, Telefonaktiebolaget L M Ericsson ERIC won 5G contracts in China, beating Nokia.
Price Action: NOK shares traded higher by 2.37% at $6.04 on the last check Monday.