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Nokia Corporation Sponsored ADR
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Description

Nokia Corporation Sponsored ADR represents shares in Nokia Corporation, a Finnish multinational telecommunications and information technology company headquartered in Espoo. Nokia designs, manufactures, and sells network infrastructure, software, and related services essential for modern connectivity. Its core offerings include carrier-grade 4G and 5G mobile networks, fixed networks, IP routing, optical transport solutions, and network management software. The company serves telecom operators worldwide with radio access networks (RAN), core network solutions, transport networks, and cloud-native software. Nokia also delivers private wireless networks and edge computing for enterprises in manufacturing, transportation, utilities, and other sectors. Through Nokia Technologies, it manages patent licensing and advances research in next-generation wireless standards and digital automation. Operating across Europe, the Americas, Asia Pacific, the Middle East, and Africa, Nokia plays a pivotal role in enabling high-performance public and private networks that support AI, cloud computing, and emerging technologies, positioning it as a key infrastructure provider in the global telecommunications market.

About

CEO
Mr. Pekka Ilmari Lundmark M.Sc.(Eng.)
Employees
86896
Address
Karakaari 7
Espoo, 02610
Phone
358 1044 88000
Website
Instrument type
American depositary receipt
Sector
Technology
Industry
Communication Equipment
Country
United States
MIC code
XNYS
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Latest press releases

Nov 25, 2025
Nokia Canada breaks ground on new Ottawa innovation campus, helping to shape the future of Canadian Tech leadership
  • Major investment cements Canadian leadership in AI, quantum, and next-generation connectivity while driving sustainable growth and world-class talent development.



  • Project showcases the strength of Nokia's strategic partnerships with the Government of Canada, Government of Ontario and City of Ottawa.

OTTAWA, ON, Nov. 25, 2025 /CNW/ - Today marks a bold new era for Canadian innovation as Nokia breaks ground on its next-generation Ottawa campus, reinforcing Canada's position as a global leader in connectivity. Building on more than five decades of pioneering innovation in the Ottawa region, Nokia is reaffirming its leadership in the nation's communications technology evolution. The new campus will play a pivotal role - driving breakthroughs in AI-powered networks, data center networks, quantum-safe infrastructure, and next-generation 6G technologies, while cultivating strategic industry partnerships and developing the next generation of innovators.

Nokia's Ottawa campus will be more than an R&D hub; it will serve as a launchpad for the future of Canadian innovation, accelerating advances in AI, quantum technologies, and sustainable digital transformation. Spanning nearly 750,000 square feet in the heart of the Kanata North Tech Park, it's home to over 1,900 R&D professionals in Ottawa and 2,500+ nationwide.

"Nokia's trusted, secure, and advanced networks are driving the AI supercycle. Our investment in the new Nokia Ottawa campus and R&D work across the country will power global infrastructure and the breakthroughs that will help shape the future of connectivity. As we expand our efforts, we are also deepening our commitment to advancing technologies that bolster Canada's defence and national security. We're doubling down on local talent, partners, and technology to strengthen Nokia Canada's leadership role in a new era of quantum secure, scalable, and resilient connectivity," said Jeffrey Maddox, President of Nokia Canada.

The new campus – where Nokia's world-class routers, 800 G optics, data center technology and quantum safe networking were designed – will continue to prioritize Canadian goods, services, and talent, boost economic growth, and set new standards in sustainable design, including LEED principles, renewable and resilient energy systems, and low-carbon materials.

"We are especially grateful for the support of the Government of Canada, the Government of Ontario, and the City of Ottawa. Their shared vision and investment through initiatives like the Strategic Innovation Fund have been instrumental in making this project a reality and in securing Canada's leadership in next-generation digital infrastructure," added Maddox.

"Nokia is playing a critical role in the AI and the quantum revolution. By expanding our Ottawa footprint, we're not just growing – we're strengthening our commitment to innovation and advancing next-generation networks that will transform how industries and people connect worldwide," said David Heard, President of Network Infrastructure of Nokia.

Nokia's powerful partnerships with NVIDIA, leading universities and top-tier training programs ensure the Ottawa campus is a magnet for global talent and a catalyst for tech-driven prosperity. By integrating advanced optics, IP routing, quantum networking, and AI-RAN/6G, Nokia Canada is laying the groundwork for secure, sovereign, and energy-efficient digital infrastructure.

Guided by sustainability and local impact, the new Ottawa innovation campus will strengthen Kanata North as Canada's preeminent digital infrastructure cluster, grow the nation's world-class talent pool, and reinforce Canada's reputation as a trusted leader in next-generation connectivity. Nokia also looks forward to further collaborating with all levels of government on the campus's public transit connectivity.

Additional quotes

Hon. Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions said:   

"Canada is at the cutting edge of the global technological race. The project at Nokia's Kanata campus ensures Canadians have access to the most advanced digital telecommunications tools. Today's milestone is a significant step toward enabling exciting new technologies that will have a transformative effect on Canada's economy. The partnership between Nokia and Canada is strengthening our digital infrastructure and delivering results for Canadians across the country."

Hon. Maninder Sidhu, Minister of International Trade, said:  

"Today's groundbreaking ceremony for Nokia's Ottawa Campus expansion reinforces Canada's commitment to being a trusted leader in secure and sustainable digital infrastructure around the world. The new campus will advance artificial intelligence, quantum-safe networking, and next-generation connectivity to help Canadian businesses compete globally. Canada welcomes foreign investment as a driver of innovation, job creation, and economic growth, and the Trade Commissioner Service stands ready to help global leaders like Nokia, seize these opportunities and grow in Canada."

Hon. Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario, said:   

"Digital infrastructure is critical to Canada's future success--especially at this pivotal moment as new technologies reshape the world around us. That's why this project matters. We are not only investing in the foundations needed for artificial intelligence, machine learning and cybersecurity but also ensuring that Canadian innovators have the tools to lead globally. Through this partnership, we're building a highly skilled workforce, empowering Canadians to drive the next wave of innovation, fuelling economic growth and creating the well-paying jobs of tomorrow."

His Worship, Mark Sutcliffe, Mayor of Ottawa, said:  

"Ottawa is Canada's innovation capital. For more than 50 years, Nokia has been part of the growth of Ottawa's technology sector, and this new campus represents the next chapter. This major investment in our city is another sign that Ottawa - and in particular Kanata North - has the talent, creativity, and vision to drive innovation. Thank you to Nokia for partnering with Ottawa, for investing in our city, and for helping to create jobs and sustainable growth."

Resources and additional information

Website: Quantum-safe networks | Nokia.com

Website: Optical networks | Nokia.com

Website: IP networks | Nokia.com

Website: Charting the path to 6G | Nokia.com

Website: Data center networks | Nokia.com 

About Nokia

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, powered by the innovation of Nokia Bell Labs, we're advancing connectivity to secure a brighter world.

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SOURCE Nokia

Oct 27, 2025
Ericsson, Nokia and Fraunhofer HHI join forces to drive 6G-era video coding standardization
  • Partners' proof-of-concept for next-generation video coding technology offers considerably higher compression than current standards
  • Proof-of-concept submission positively evaluated by the ITU-T Video Coding Experts Group and the ISO/IEC Moving Picture Experts Group (MPEG)  
  • Next video codec standardization will specifically address the needs of immersive media and mobile video experiences in the 6G era

STOCKHOLM, Oct. 27, 2025 /PRNewswire/ -- European connectivity leaders Ericsson (NASDAQ: ERIC) and Nokia (NASDAQ: NOK), have partnered with Berlin's Fraunhofer Heinrich Hertz Institute (HHI), to shape and drive the next generation of video coding standardization - for better immersive media and mobile video user experiences in the 6G era.

The three partners combined video codec research expertise for the first time, aiming to strengthen Europe's role in next generation standardization. Partnership researchers jointly demonstrated a new video codec with considerably higher compression efficiency than the current standards (H.264/AVC, H.265/HEVC, and H.266/VVC) without significantly increasing complexity, while also improving energy efficiency and scalability.

The documented research provides early evidence of technology capable of meeting the requirements for the next video coding standardization phase - an important milestone that helps initiate the process towards future decision-making.

The partners' joint submission to the oversight bodies - the ITU-T Video Coding Experts Group and the ISO/IEC Moving Picture Experts Group (MPEG) - was positively evaluated and is expected to help catalyze progress towards evaluation and decision-making by the standardization committee.

In line with forecast 6G deployment, the next video codec standard is expected to be operational from 2029-2030 and will define the digital media landscape for the following decade. Until then, current standards, such as VVC, play a vital role in delivering advanced video experiences, driving market demand for high-efficiency streaming, immersive media formats, and scalable solutions across diverse devices and networks.

The new standard will be essential to a wide range of video-based applications, including mobile communication and streaming, as well as immersive and low-latency experiences. Anticipated use cases include the coding of professional-, user-, and AI-generated content; coding of gaming and 3D content; coding of content for machine consumption; and automotive and industrial use.

Magnus Frodigh, Head of Research, Ericsson, says: "As a global connectivity leader, Ericsson is perfectly positioned to research and drive 6G enablement capabilities. We are proud to partner with Nokia and Fraunhofer HHI in video coding to combine research expertise and shape the next standard. Our partnership video codec achievement not only shows the ability of European technology leaders to come together and pioneer breakthroughs, but, by being prominent at the very start of the process, also flags our combined determination and commitment to shape the next generation of standards."

Ville-Veikko Mattila, Head of Multimedia Technologies, Nokia, says: "Nokia's inventors have been instrumental in the development of all market-adopted video codecs for the last three decades, including fundamental H.26x video compression technologies, and we are excited about shaping the next generation of video standards. By working together at the very start of the standardization journey we will ensure that the values of openness, excellence, and sustainability are embedded in the next generation of digital media experiences."

Prof. Thomas Wiegand, Executive Director of Fraunhofer HHI, says: "Video technologies are central to the digital experiences of tomorrow. Our joint research with Ericsson and Nokia demonstrates Europe's strong competence in advanced media technologies and its active role in global standardization efforts. This collaboration also builds upon the contributions of the broader JVET research community, whose work continues to drive progress in next-generation video coding."

NOTES TO EDITORS:

ABOUT ERICSSON:

Ericsson's high-performing, programmable networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

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media.relations@ericsson.com  (+46 10 719 69 92)

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ABOUT NOKIA

At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today - and work with us to create the digital services and applications of the future.

www.nokia.com

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MORE INFORMATION AT:

press.services@nokia.com  (+358 (0) 10 448 4900)

ABOUT FRAUNHOFER HHI

Fraunhofer HHI is a world-leading research institute shaping the digital future. With cutting-edge expertise in video, AI, computer vision, photonics, and wireless communication, we develop technologies that drive innovation and deliver real-world impact across sectors such as medicine, agriculture, critical infrastructure, disaster response, energy, and mobility. www.hhi.fraunhofer.de/en

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MORE INFORMATION AT:

presse@hhi.fraunhofer.de  (+49 30 31002-119)

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson--nokia-and-fraunhofer-hhi-join-forces-to-drive-6g-era-video-coding-standardization,c4256355

The following files are available for download:

https://mb.cision.com/Main/15448/4256355/3745578.pdf

PDF Ericsson, Nokia and Fraunhofer HHI join forces to drive 6G-era video coding standardization

https://news.cision.com/ericsson/i/women-streaming-video-content-in-a-minibus,c3481572

Women streaming video content in a minibus

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/ericsson-nokia-and-fraunhofer-hhi-join-forces-to-drive-6g-era-video-coding-standardization-302595114.html

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Market closed

Pre-market opens in 2 days 22 hours 9 minutes
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Trading Hours (Monday - Friday):

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