Nokia lower after AT&T and Ericsson team up on Open RAN

Shares of Nokia (NOK) are lower in pre-market trading in New York after AT&T (T) announced plans for a collaboration with Ericsson (ERIC) to “lead the United States in commercial scale open radio access network deployment.” The company expects to have fully integrated open RAN sites operating in coordination with Ericsson and Fujitsu, starting in 2024, and beginning in 2025, the company will scale this Open RAN environment throughout its wireless network in coordination with multiple suppliers, AT&T announced. In pre-market trading in New York near 8:30 am ET, Nokia shares are down 22c, or 7%, to $2.94.