Nokia Corporation (NYSE: NOK) revealed today the great news which has excited its stocks in the pre-market trading session. Nokia has officially revealed that, after finishing a recent spectrum auction in the United States, the upgraded C-band portfolio is effective from Q1 2021 to facilitate 5G network operators' implementations.
Both the indoor & outdoor implementation needs will be fulfilled by the extensive C-Band solution of Nokia. It includes modular units, small cell solutions, macro remote radio heads, vast MIMO antenna solutions, and finally the hybrid antennas that can integrate both active and passive radio platforms into one that meets all the criteria for implementation and interconnection.
Share of Nokia Corporation (NYSE: NOK) rocketed 4.32% with a heavy volume of 12.89 million during the pre-market trading session of Tuesday. NOK share has fluctuated between the 52-weeks low and high range of $2.34 and $5.14, respectively. Nokia Corporation (NYSE: NOK) has a total market capitalization of $27.07 billion at the time of writing.
In the previous year, Nokia has executed the 5G trial in C-Spectrum utilizing its 5G AirScale portfolio in the US and became the first company to do so. For 5G services, C-Band is deemed as the leader in many nations around the globe. Nokia has built a C-band solution. Nokia C-Band systems utilize the new AirScale infrastructure to operate across non-standalone & standalone 5G networks.
C-Band spectrum in the range of 3.4 GHz and 4.2 GHz, is an important resource for operators to deliver the best mix of 5G network capacity & coverage to endorsers. The C-band solution has garnered much attention from operators after FCC has finalized the C-band spectrum auction. The auctioned spectrum will be received a green signal for use for 5G services during 2021 and 2022.