Nokia's Five-Year India Engineering Pact Lands Alongside a Wave of AI-RAN Alliances
Published on 10/27/2026 at 15:41 | Editorial boerse-global.de
Nokia has secured a five-year agreement with India's L&T Technology Services to support its engineering and research operations in the country, the partner firm disclosed yesterday. Neither company put a price tag on the deal, which covers technical development work for the Finnish network equipment maker over a multi-year horizon.
The contract lands in a busy stretch for Nokia's partnership machine. On October 21, Nokia and NVIDIA unveiled additional work on AI-driven radio access networks and trotted out a jointly built sovereign platform staffed with AI agents for running telecom networks. Nokia pointed to deployments in live networks and trials with Elisa, BT, Deutsche Telekom and Orange.
That same day brought word of what the pair billed as a first-of-its-kind AI-RAN call over a commercially operating network, carried out with T-Mobile and NVIDIA at a T-Mobile site in Bellevue, Washington. A day earlier, Nokia and SoftBank had agreed a commercial AI-RAN field trial in Japan for 2027, drawing on Nokia's anyRAN software, SoftBank's AITRAS platform and NVIDIA's Aerial RAN Computer.
Satellite Ambitions and a Divestment
On Thursday, Nokia and ICEYE signed a memorandum of understanding with Ukraine's defence ministry, with the partners set to explore cooperation on building sovereign satellite communications capabilities.
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Nokia also flagged a portfolio change on October 13: AURELIUS is to take over the Enterprise Campus Edge business under a binding agreement. Completion is expected in the first half of 2027, subject to customary closing conditions.
Inderes Lifts Rating, Stock Jumps
The share price got a lift yesterday after Inderes raised its recommendation to Reduce from Sell, a response to the quarterly report. The stock climbed 4.9% on the day, with the report also citing the approaching dividend record date as a possible additional source of demand. Inderes simultaneously lifted its price target to EUR 7 from EUR 6.50, though the rating remains in negative territory despite the upgrade.
Nokia's quarterly update, published just over a week ago, showed revenue of EUR 5.154 billion, up 9% year on year in constant currency. Comparable operating profit for the third quarter of 2026 came in at EUR 605 million, against EUR 448 million a year earlier.
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Management reiterated its 2026 guidance for comparable operating profit of EUR 2.1 billion to EUR 2.6 billion, with the company expecting an outcome above the midpoint of that range. The free cash flow conversion forecast, however, was cut to 35% to 55%.
The board on Thursday approved a dividend of EUR 0.03 per share. Today is the record date, with payment scheduled for November 5, 2026. Nokia has set January 28, 2027 as the date for its fourth-quarter and full-year 2026 results.
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