Nokia Signs Five-Year Deal with Microsoft's Azure for Data Center Networks

Author's Avatar
Nov 21, 2024
Article's Main Image

Finnish telecom giant Nokia has entered into a five-year agreement with Microsoft's cloud service division, Azure, to supply data center networks. As part of the deal, Nokia's data center switches will be installed at new sites and will facilitate Microsoft's transition to 400GE connectivity in existing facilities.

This agreement spans over 30 countries and is expected to bolster Nokia's global presence, according to a statement from the company. However, the financial terms of the deal have not been disclosed.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.