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Nokia to Supply Next-Generation Optical Transport Network to DELTA Fiber
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Nokia to Supply Next-Generation Optical Transport Network to DELTA Fiber

Multinational telecommunications company Nokia Corporation (NOK) recently announced that it has been selected by DELTA Fiber, a Dutch telecom company, to provide a next-generation optical transport network, based on 400G wavelengths, to handle the company’s increased traffic.

Following the news, shares of the company appreciated marginally on Monday. However, it pared its gains slightly to close at $6.08 in the extended trading hours.

Nokia is to provide this advanced optical network to further expand DELTA Fiber’s FTTH (Fiber to the Home) rollout in the Netherlands. With this high capacity network, DELTA Fiber’s customers can expect better service quality and heightened speeds.

The Senior Vice-President of Europe, IP/Optics, at Nokia, Rafael de Fermin, said, “We’re excited to expand our optical relationship with DELTA Fiber and increase Nokia’s footprint overall as its multi-domain supplier. The new optical transport network is key to ensuring a high-performance experience for DELTA Fiber’s customers through its new access networks.” (See Nokia stock chart on TipRanks)

Recently, Societe Generale analyst Aleksander Peterc reiterated a Buy rating on the stock. The analyst, however, raised the price target from €5.30 ($6.22) to €6.60 ($7.76), which implies upside potential of 27.2% from current levels.

Consensus among analysts is a Strong Buy based on 10 Buys and 3 Holds. The average Nokia price target of $7.05 implies upside potential of 15.6% from current levels. Shares have gained 24.2% over the past year.

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