FORT LAUDERDALE - Nokia has partnered with Hotwire Communications to test groundbreaking 25G and 50G PON (Passive Optical Network) broadband speeds over an existing live fiber network in Florida, setting a precedent for advanced broadband services. The trial, utilizing Nokia's Lightspan MF platform, demonstrates Hotwire's capability to rapidly deliver internet connectivity at 10/25/50G speeds to its customers. Nokia, with its robust $22 billion in revenue over the last twelve months and strong EBITDA of $3.2 billion, continues to demonstrate its leadership in communications equipment innovation.
This development places Hotwire alongside other US-based telecom giants such as Google (NASDAQ:GOOGL) and Frontier, who have also achieved similar high-speed broadband milestones. The success of the trial indicates Hotwire's readiness to enhance its network infrastructure to cater to the increasing demand for high-speed internet services. According to InvestingPro data, Nokia's stock has shown strong momentum with a 35% gain year-to-date, reflecting investor confidence in its technological innovations.
Nokia's Lightspan MF fiber access platform is noted for its versatility, allowing operators to select from a range of next-generation PON technologies that best fit their specific needs. As the only vendor supporting a full spectrum of PON technologies, including the anticipated 100G PON, Nokia provides a scalable solution for operators to evolve their networks seamlessly.
During the trial, Hotwire effectively demonstrated the simultaneous operation of 10G, 25G, and 50G PON services over its fiber network, showcasing the potential for future scalability and the ability to upgrade to even faster speeds using the same infrastructure.
Pragash Pillai, CTO of Hotwire Communications, expressed pride in the achievement, emphasizing the joint effort with Nokia to provide future-proof connectivity. Geert Heyninck, vice president of broadband networks at Nokia, highlighted the flexibility and future-proofing their platform offers to operators like Hotwire, enabling them to meet the ever-changing demands for faster broadband access.
Hotwire Communications, recognized for its pioneering role in fiber-optic technology, operates a 100% fiber-optic network serving a wide customer base across several US states. The company's Fision® product line includes multi-Gigabit internet services, indicating its commitment to delivering cutting-edge connectivity solutions.
This collaboration with Nokia underscores Hotwire's dedication to continually advancing its network capabilities and delivering high-speed broadband services to its customers. The trial's success is based on a press release statement from Nokia Oyj (HE:NOKIA). With an impressive free cash flow yield of 18% and current InvestingPro analysis suggesting the stock is undervalued, Nokia continues to demonstrate strong financial health while pushing technological boundaries. Discover 10 additional key insights about Nokia's financial outlook with an InvestingPro subscription.
In other recent news, Nokia has successfully reached a multi-year patent license agreement with HP (NYSE:HPQ), marking an end to all patent litigation between the two companies. This deal, which involves royalty payments from HP to Nokia, pertains to the use of Nokia's video technologies in HP's devices. The terms of the agreement remain confidential, but it is a significant step that acknowledges Nokia's contributions to video and multimedia technologies.
In addition to this, Nokia has joined forces with Axiom Space Inc. to incorporate 4G/LTE technology into spacesuits for NASA's upcoming Artemis III moon mission. This partnership aims to ensure high-definition video communications and data transmission between astronauts and Earth, a significant advancement in lunar exploration. The first cellular network on the moon is planned to be launched as part of the Intuitive Machines IM-2 mission, with equipment delivery to the launch site scheduled for 2024.
These recent developments underline the importance of intellectual property agreements in the tech sector and indicate a larger joint effort by both companies to develop technologies for space exploration. Such advancements support Nokia's role in the tech industry, where it pioneers advanced networks and values intellectual property and long-term research.
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