Nokia (NOK, Financial) experienced a 3.6% increase in its pre-market trading, reaching $4.3. This rise comes after a significant drop of nearly 7% earlier, following an analysis by EJL Wireless Research's Earl Lum. The analysis highlighted Nokia's struggles to meet T-Mobile's network demands, suggesting that competitor Ericsson's products hold an advantage.
In response to these claims, T-Mobile issued a statement clarifying that they have not decided to terminate their partnership with Nokia. This reassurance may have contributed to the recovery in Nokia's stock price.
In addition to this development, Nokia has secured a multi-year extension contract with India's telecom giant Bharti Airtel for the deployment of 4G and 5G networks in India. This agreement further solidifies Nokia's presence in the Indian telecommunications market.
