Can Nokia Oyj’s (HLSE:NOKIA) Deepening Vodafone Ties Sustain Its Long-Term Edge in Global Networks?

• Nokia announced it will remain Vodafone's strategic partner, supporting a five-year radio access network investment programme across Europe and Africa with advanced 5G and AI-powered solutions, including the first dual-band Massive MIMO Radio deployment in Africa.
• This multi-year agreement highlights Nokia's position as a key provider of next-generation connectivity infrastructure in major global markets and further reinforces its role in large-scale telecommunications projects.
• We'll examine how Nokia’s expanded partnership with Vodafone could impact its investment outlook and global telecom market presence.

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Nokia Oyj Investment Narrative Recap

To own Nokia stock, you need to believe in its ability to lead next-generation network transformation and maintain top-tier partnerships as global connectivity rapidly scales. The expanded Vodafone agreement could reinforce Nokia’s position in critical RAN markets, but it does not materially alter the current short-term catalyst: the timing and strength of carrier spending cycles, nor does it mitigate the company’s ongoing exposure to sharp competition and delayed customer investments.

The recent collaboration with AccessOn Internet in North Carolina, using Nokia’s Altiplano AI-driven fiber platform, is highly relevant, it demonstrates Nokia’s progress in delivering automation and high-speed connectivity beyond traditional carrier contracts. These innovations tie directly to Nokia’s strategy of capturing new market segments, potentially lifting recurring revenue, yet carrier capex cycles and shifting spending priorities remain central to near-term momentum.

Yet, even as Nokia secures expanded deals abroad, the unpredictable swings in customer investments and cyclicality in network buildouts are critical risks investors need to keep in mind…

Read the full narrative on Nokia Oyj (it's free!)

Nokia Oyj's narrative projects €21.0 billion in revenue and €1.7 billion in earnings by 2028. This requires 3.0% yearly revenue growth and an increase of €791 million in earnings from €909.0 million currently.

Uncover how Nokia Oyj's forecasts yield a €4.49 fair value, a 8% downside to its current price.

Exploring Other Perspectives

Simply Wall St Community members have shared seven fair value estimates for Nokia, ranging from €1.99 to €5.75 per share. This broad spread comes as ongoing reliance on large carrier capex cycles still shapes the company’s performance expectations, highlighting why it pays to consider several opinions before making any decisions.

Explore 7 other fair value estimates on Nokia Oyj - why the stock might be worth less than half the current price!

Build Your Own Nokia Oyj Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Nokia Oyj research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Nokia Oyj research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Nokia Oyj's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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