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Nokia announces trio of private network deals as MNOs ditch tower assets

Nokia’s private network strategy continues apace, with three deals announced in quick succession in the past two weeks – at Finland’s Fingrid, Germany’s Deutsche Bahn, and a Japanese partnership with Hitachi. As it builds more Industrial and IoT networks, Nokia drives a larger wedge between the MNOs and their former direct customers. Given the scale of MNO IoT revenues, we’re still at the stage that their IoT divisions could be written off without causing major upheavals in share prices. While once they talked about the incredible opportunity that the IoT represented, most MNOs are now extremely muted on the subject. The industrial sector was championed as a standout IoT opportunity, by these MNOs, but as we have seen, major industrialists…

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