Nokia (NASDAQ:NOK) To Enhance Sri Lank Telecom’s Broadband Offering Through Its Fiber Technology


Nokia (NASDAQ:NOK) has partnered with Sri Lanka Telecom PLC to help it in deploying a fiber-to-the-home (FTTH) network supported by Nokia’s fiber technology. The Sri Lankan telecommunications provider expands its broadband footprint to meet the needs of the growing data customer base.

Deployment of Nokia’s fiber tech to enhance SLT’s broadband speeds

The provider is extending its Fiber Expansion Projects, and the move will enable it to offer high-speed broadband services to over 200,000 consumers and businesses. STL is targeting around 2 million FTTH ports through this initiative by 2022. This will connect organizations, households, governments with low latency high-speed broadband. Because of the unique fiber solution of Nokia, STL will offer customers exceptional upload and download speeds. This will be in combination with enhanced broadband services supported by the XGS-PON tech.

Most importantly, the solution will help build the provider’s network by shifting to virtualization and Software-Defined Access Networks. Kiththi Perera, the CEO of SLT, indicated that they were delighted to partner with Nokia to enhance data speed for residential and enterprise customers. Perera added that the implementation of the fiber-technology will enable SLT to expand its offering and offer access to a range of broadband services.

Nokia enhancing its software and enterprise offerings

Nokia plans to enhance its business to specific high margins and high growth markets to address potential beyond primary markets. The company had previously unveiled plans of accelerating strategy execution, sharpening customer focus, and reducing long-term costs.

For now, Nokia is enhancing its AirScale, developing 5G portfolios, and advancing ReefShark chipset capabilities. It has collaborated with various companies supporting its ReefShark chipsets family that are vital in base station elements. The company is seeing increasing growth in software and enterprise solutions, which is in line with its licensing business.

The company recently broadened its position in open solutions through Open RAN interface adoption in the AirScale Portfolio. Nokia is dedicated to advancing its investment in Cloud RAN and Open-RAN solutions, and it has already unveiled its next-gen AirScale Cloud RAN offering.

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