Millimeter wave technology, which has taken center stage in a recent Notice of Proposed Rulemaking (NPRM) at the FCC, is "better than you think it's going to be," but it's not easy, according to the president of Bell Labs, which has played an active role in the research of mmWave technology.
AT&T added Nokia to the Domain 2.0 supplier program to help develop its software-centric network.
As Nokia speeds toward completing its $17.1 billion acquisition of rival Alcatel-Lucent in the first quarter of 2016, industry analysts say that the two vendors are in strong financial shape after delivering their third-quarter results and are well-positioned to take on Ericsson and Huawei. However, Nokia and Alcatel-Lucent will likely need to make significant cuts to their combined mobile assets, which will result in job cuts, and rivals will be looking to press their advantages as the companies come together next year.
Alcatel-Lucent reported that strong sales across its three IP networking segments helped boost its Core Networking revenues 11 percent to $1.8 billion, but softness in its Submarine Networks division drove it to forecast flat revenues for the year 2015.
Nokia saw sales in the third quarter slump, driven by a sharp slide in revenue from its core networks business and in North America in particular. However, the vendor also offered good news to its investors with plans to return $4.4 billion (€4 billion) to shareholders. Nokia also noted that its $17.1 billion deal to buy rival Alcatel-Lucent remains on track and that it now expects to achieve $986 million in cost savings in 2018, a full year earlier than it previously expected.
Nokia faces one final barrier to its planned merger with Alcatel-Lucent: its own shareholders.
Nokia received antitrust approval from the Chinese Ministry of Commerce for its proposed $17.6 billion (€15.6 billion) purchase of Alcatel-Lucent, clearing one of the last major hurdles to the deal. The two vendors agreed to several conditions to win approval from Chinese regulators.
Nokia's CEO Rajeev Suri said that its deal to acquire Alcatel-Lucent is progressing well, and that the most difficult integration will be the companies' individual wireless businesses. Suri, in an interview with The Times of India, also said that the combined company will offer a more comprehensive set of services than rival Ericsson.
Nokia and Ooredoo Group signed what the infrastructure vendor called a "major framework agreement" covering long-term network development in the Middle East, North Africa and Southeast Asia.
How did the wireless industry perform in the third quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.