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    MarketForces Africa » MarketForces News » Nokia Gets Supply Deal from MTN for 5G Equipment

    Nokia Gets Supply Deal from MTN for 5G Equipment

    Olu AnisereBy Olu AnisereFebruary 27, 2023 News No Comments2 Mins Read
    Nokia Gets Supply Deal from MTN for 5G Equipment
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    Nokia Gets Supply Deal from MTN for 5G Equipment

    Nokia said on Monday it has been selected by MTN South Africa for the first time ever as one of its 5G radio access network equipment providers, as the mobile carrier expands next-generation wireless services across the country.

    The Finnish company will provide equipment from its AirScale portfolio, including 5G AirScale baseband, active antennas, and remote radio heads.

    “Under the deal, Nokia will modernise the existing 2G, 3G, 4G radio network and expand MTN’s 5G radio network across 2,800 sites in the central and eastern part of the country,” Nokia said in a statement. Nokia did not give financial details of the deal.

    MTN South Africa, the second biggest carrier in the country, snapped up airwaves worth 5.2 billion rands or $282.66 million in a 14.4 billion rand spectrum auction in March last year. Even before the auction it had launched 5G services in select cities.

    Nokia Changes Logo

    In a related development, Nokia is ditching the blue colour and it’s replacing it with whatever is more appropriate given the situation, meaning no specific colour scheme is assigned. Lundmark said that Nokia is no longer just a smartphone company, but a “business technology company”.

    In addition to growing its telecom equipment business, Nokia is going to focus on selling gear to other businesses.

    Those include private 5G networks and equipment for automated factories, which would position the company as a competitor to Microsoft and Amazon in the field. Lundmark mentioned that Nokia is considering developing and growing in other areas as well.#Nokia Gets Supply Deal from MTN for 5G Equipment

    Naira Steadies as Banks Issue Update on FX Purchase

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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