To summarize Nokia Corporation’s financial report for Q3 2022, the company’s net sales grew by 6% in constant currency, hitting €6.2 billion compared to the previous year’s quarter of €5.4 billion. Profit for the period is reported at €428 million, increasing by 22% YoY compared to Q3 2021’s €351 million.
Nokia is strengthening its software portfolio in security, automation, and monetization, with AI at the core of the portfolio to “better meet its customer needs and expand its footprint in its addressable market.”
Nokia has announced the world’s first Generation 6 broadband platform, designed for a ‘fiber-for-everything’ world where fiber broadband networks evolve to become a single infrastructure for all services. The new Lightspan MF-14 platform extends the upper end of Nokia’s fiber broadband portfolio, bringing unmatched capacity, low latency, intelligence, six nines reliability and the highest power efficiency, enabling operators to address broadband needs for the next decades.
Nokia announced new platform capabilities and applications for its on-premise Mission Critical Industrial Edge (MXIE) computing solution. Enhancements will enable Nokia MXIE to host applications from different ecosystems, including legacy non-cloud native workloads, elevate operational technology (OT) network security and facilitate application development to advance enterprise digital transformation.
Radisys® Corporation, a global leader of open telecom solutions, is working with Etisalat UAE, branded as etisalat by e&, to showcase its intelligent home solution featuring the integration of the Radisys Engage Video Assistant (EVA) in the e& booth at GITEX GLOBAL 2022. The incorporation of Engage Video Assistant, the first-to-market, AI-based, 3-in-1 video bot, will highlight the advantages of adding a personalized touch to the intelligent home experience, as well as the ease of including video, voice and text, allowing for stickier solutions. EVA enables communication service providers (CSPs) to create a more intimate experience for their customers using video responses by humans instead of computer-generated avatars.
Setting the pace for sustainable networks, Ericsson has introduced a new triple-band, tri-sector radio that boasts a capacity of nine radios for single-band sites. The new Radio 6646 cuts energy consumption by 40% compared to triple-band single-sector radios and reduces weight – with its use of aluminum – by 60%, minimizing site footprint as well.
Nokia is introducing enhanced versions of the Nokia Industrial 5G field router and Nokia XR20 smartphone, created for 4.9G and 5G networks, to allow oil and gas companies and other industries to maintain vital connectivity of their workforce and machines.
Ericsson has announced the appointment of Ekow Nelson as the Country General Manager of Ericsson United Arab Emirates (UAE), effective immediately.
Taking its Software As Service (SaaS) offering a notch up, Nokia has unveiled AVA Charging, which aims to support communication service providers (CSPs) and enterprises to expedite monetization of new 5G and IoT use cases, using on-demand software through a subscription-based model.
Nokia’s iSIM Secure Connect solution has been accredited by the telecom industry group and leading wireless industry representative body, after a rigorous process of demonstrating an ongoing and systematic approach to managing information security risks and protecting data.
