Nokia Oyj and Indosat Ooredoo Hutchison announced a partnership to modernize Indosat's nationwide mobile network in Indonesia through the deployment of advanced 5G radio access network technologies. Under the agreement, Nokia will support the rollout of low- and mid-band 5G infrastructure designed to deliver enhanced network performance and help create AI-ready connectivity platforms. The partnership further strengthens Nokia's presence in a growing telecommunications market while highlighting increasing global demand for next-generation network infrastructure capable of supporting artificial intelligence applications and rising data consumption. On June 8, BofA raised its price target on Nokia Oyj to EUR 14.40 from EUR 11 and maintained a Buy rating on the shares, expressing confidence in the company's positioning in data center interconnect solutions and optical transport technologies.
Nokia CorporationNokia partners with Indosat to deploy 5G RAN technologies, boosting demand for its network infrastructure.