Openreach chooses Nokia to build open-access fiber network to connect millions to faster broadband
Portfolio Pulse from
Openreach has selected Nokia to construct an open-access fiber network aimed at providing faster broadband to millions of UK homes and businesses. Nokia's model will significantly reduce operational complexity for Openreach.
January 09, 2025 | 9:45 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nokia has been chosen by Openreach to develop an open-access fiber network, which will enhance broadband services for millions in the UK. This partnership is expected to reduce operational complexity for Openreach by 85%.
The partnership with Openreach is a significant win for Nokia, as it involves building a large-scale fiber network in the UK. This project not only enhances Nokia's presence in the UK market but also showcases its technological capabilities in reducing operational complexities. Such a strategic partnership is likely to have a positive impact on Nokia's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90