Nokia has inked 42 commercial 5G deals around the world, averaging one major contract pact each week since the end of March, the telecom equipment vendor said Monday.
So far the contracts include 22 named customers, including a $3.5 billion multi-year 5G network deal with T-Mobile. The vendor also has separate 5G agreements with U.S. operators AT&T, Sprint and U.S. Cellular.
Nokia recently announced it will be the primary 5G RAN partner for Japan’s SoftBank Corp, while other publicly announced 5G deals include NTT Docomo, Telia, and Vodafone Italy, among others.
Nokia said it has more than 100 5G customer engagements to date, including contract agreements, trials and demos.
“The pace of 5G progress is accelerating across the globe. We are delivering significant performance increases to operators and the power of Nokia’s end-to-end portfolio is being recognized,” said Nokia president and CEO Rajeev Suri in a statement. “In fact, in pretty much every network where Nokia products are deployed, we are the performance leader. Here and now – at the beginning of one of the most radical technology transitions ever with 4G giving way to 5G – this is Nokia’s time to shine.”
About half of the agreements to date include Nokia’s Microwave Anyhaul, Cloud native RAN, antennas, and 5G cloud-native core, according to the Finnish vendor.
Nokia’s mobile network portfolio also includes 5G mmWave small cells and its AirScale BTS for indoor and outdoor coverage.
The company said it has “a steady pipeline in place” for additional agreements, and expects to announce work with operators in emerging nations and regions such as India and Latin America in the coming months.
According to Reuters, Nokia has pulled ahead of rival Huawei, with the Chinese vendor currently counting an estimated 40 commercial 5G contracts.
Swedish equipment giant Ericsson, meanwhile, has publicly announced 19 5G contracts, with eight live 5G networks.