Nokia today announced the global launch of its latest range of industry-leading AirScale 5G products covering baseband, remote radio heads, and massive MIMO active antennas with digital beamforming. The innovative solutions are powered by the latest generation of Nokia’s ReefShark System-on-Chip (SoC) chipsets and deliver the highest capacity and network performance while enabling efficient deployments and operation. The rollout of the new products is already underway.
Nokia introduces its new generation of ReefShark-powered AirScale massive MIMO antennas with both 32TRX and 64TRX products, as well as 8T8R remote radio head solutions. The 32TRX is the industry’s lightest, at 17kg, simplifying and speeding up site deployments. Notably, this low weight is achieved at the same time as supporting high radio frequency bandwidth (200 MHz occupied bandwidth and 400 MHz instantaneous bandwidth) and delivering high radio frequency power output, without compromise. Both the new 32TRX and the new 64TRX massive MIMO antennas support both fragmented spectrum and network sharing cases.
Nokia also introduces its new SoC-based baseband plug-in cards to boost the capacity of the AirScale System Module. The new ReefShark-powered plug-in cards deliver up to eight times more throughput and serve up to eight times more cells compared to previous generations. They are easily installed and simplify the upgrade and extended operation of all AirScale deployments. Nokia’s baseband module can support 90,000 connected users simultaneously and has 84 Gbps throughput. The highly efficient ReefShark powered plug-in cards also reduce power consumption by up to 75 percent. Nokia’s modular AirScale baseband enables mobile operators to scale capacity flexibly and efficiently and as their 5G business evolves.
Nokia Single RAN software now includes 5G, accelerating 5G rollouts and cutting overall radio access network TCO (Total Cost of Ownership), by unlocking network efficiencies with common transport, common operability, common software delivery, and increased hardware sharing. The combination of Nokia’s Single RAN software and the new baseband plug-in cards offer multi-mode (2G, 3G, 4G, 5G) and multi-band and supports the latest fronthaul interfaces (eCPRI) on a single baseband platform, simplifying the network and lowering costs.
Nokia’s AirScale baseband architecture is designed to be future-proof and support the increasing demands for wireless traffic. By keeping the L1 and L2 (Layer 1 and Layer 2) computing separate from L3 (Layer 3) and Transport baseband plug-in units, capacity can be added when and where it is needed in the network. Network modernization can be simply achieved either by software upgrade or by adding new plug-in units into the existing baseband.
Nokia’s ReefShark chipsets will also play a critical role in future Artificial Intelligence (AI) and Machine Learning (ML) capabilities. Nokia has already introduced AI/ML features in areas such as predictive load balancing, anomaly detection, and intelligent traffic steering. All Nokia ReefShark platforms are AI/ML ready and Nokia is carrying out proof of concepts with customers this year in innovative areas such as Massive MIMO beam pattern optimization, energy-saving, advanced traffic steering, advanced packet scheduling, and alarm pattern discovery.
Patrick Filkins, Senior Research Analyst, IoT and Mobile Network Infrastructure, IDC, commented: “5G networks are absolutely critical for improving network capacity and performance, particularly when higher bandwidth is in demand. Nokia’s new portfolio addresses these concerns by enabling mobile operators to flexibly scale capacity while helping to smoothly transition to 5G from existing technologies easily and cost-effectively. The integration of Nokia’s ReefShark SoCs across both radio and baseband boosts performance and capacity and the new massive MIMO antennas set a new benchmark for low weight without compromising on performance. These solutions will help mobile operators to address the increasingly dynamic mobile services space that urgently requires more capacity.”
Tommi Uitto, President of Mobile Networks, Nokia, said: “Our new generation of ReefShark-powered AirScale radio and baseband products is evidence of the successful transformation of our business and ability to deliver market-leading products to our global customers. Nokia’s new portfolio enables communication service providers to offer both consumer and enterprise customers with cutting-edge 5G experiences with premium speeds, capacity, and connectivity underpinned by seamless, simple, and efficient ‘plug-in’ deployment. Our new AirScale products are O-RAN ready. They consume less energy and highlight our commitment to climate change. We’re excited to see our customers deploying these products and see the transformative impact of 5G technology.”
MTN Shares Fall by 10% After IPO Pricing
MTN Nigeria (MTNN), Nigeria’s second-biggest listed company saw its shares fall by 10% on Wednesday to see a five-week low after it had set a retail public offer price which was lower than its share price on the stock market.
MTN shares had closed at N190 a unit on Tuesday, but lost N19 to close at N171 per share on Wednesday despite the expected renewed interest in the company following its ongoing share sale.
The South African telecommunications company MTN (MTNJ.J) opened its offer for sale to retail investors at N169 for each share on Wednesday, in order to sell about 575 million shares in MTN Nigeria.
The public offer closes on December 14 and signifies the first stage of a share sale to retail investors where the South African-owned company will look to scale down all its holdings in MTN Nigeria to 65% from its present 87%, over a period of time.
This was said by the Chief Executive Officer of the MTN Group, Ralph Mupita at a roadshow that was held in Abuja.
The Chairman of the MTN Group, Mcebisi Jonas was also in attendance of the show, which was held alongside a state visit made by the President of South Africa, Cyril Ramaphosa.
The fall in the MTN Nigeria shares moved the main share index (.NGSEINDEX) down by 1.8% to observe its lowest point in three weeks.
Two years ago, MTN listed its Nigerian company in Lagos, and at N90 for a share. This made it the second-largest stock when considering market capitalisation.
In March 2020, shares of MTN Nigeria fell back to the listing price due to lockdowns enacted to slow the spread of the COVID-19 virus.
There have been a few IPOs (Initial Public Offerings) in Nigeria since the global financial crisis of 2008, which was responsible for clearing out over 60% of the stock market’s capitalisation.
MTN’s offer includes a bonus share for every 20 shares bought, with an incentive open for retail investors who hold their shares for at least a year after allotment.
Airtel Africa Completes Minority Shareholding Buyback of Airtel Nigeria
Airtel Africa Plc. has announced the completion of the minority shareholding buyback of its biggest subsidiary in Africa, Airtel Nigeria.
This announcement was disclosed in a corporate filing posted on the website of the Nigerian Exchange Limited and signed by the group’s Company Secretary, Simon O’Hara.
“Further to the buyout offer announcement of 4 October 2021, Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the completion of the minority shareholding buyback of Airtel Networks Limited (‘Airtel Nigeria’), a subsidiary of Airtel Africa plc. and a leading provider of telecommunication services in Nigeria. The total consideration for the 8.22% minority shareholdings acquired under the buyback is NGN 61bn, equivalent to $147m using an exchange rate of 415.07 NGN/USD,” the statement signed by the Company’s Secretary read.
The company had in October disclosed its plan of buying back 8.27 percent minority shareholdings at an offer price of N55.81 per share to the Nigerian Exchange Limited, NGX. The recent development is just the actualisation of the initial disclosure.
Vanguard had similarly, in October, reported that the NGX formally Nigerian Stock Exchange, announced the cross border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa Plc on Tuesday, July 9, 2019. This, Vanguard reported, added N1.36 trillion to the market capitalization of the Exchange, and further deepened the Nigerian capital market. It had also increased the visibility of Airtel Africa to investors on the continent and across the globe.
This latest development is on the other hand coming a month after Nigeria’s third most capitalised company with mobile money valued at $2.65 billion on the Africa continent got approvals-in-principle from the central bank to run a payment service bank and also operate as a super-agent in the country’s growing banking space.
Thus, with this recent buyback, Airtel Africa now holds 99.96 percent ownership of its largest subsidiary.
Orange CEO Convicted for Misuse of Funds, Puts Fate in Hands of Board
The Chairman and Chief Executive Officer of France’s largest telecommunication company Orange, Stephane Richard has been handed a one-year suspended sentence after an appeal court in Paris convicted him of complicity of the misuse of funds.
In a statement, Richard said that he would appeal the verdict of the court, saying that the one-year suspended sentence given to him was very unfair.
Stephane Richard, who was acquitted in an initial trial said that he had placed his company authority in the hands of Orange’s board of directors.
The French Minister of Finance, Bruno Le Maire has frequently said that the position of the government concerning matters like this is that the bosses of companies owned by the state must quit their positions if ever convicted of a crime. A statement made by the finance ministry acknowledged the verdict, saying that the ministry was paying close attention to the appropriate operation of the company.
Orange is due to hold a board meeting where the matter will undoubtedly be discussed, according to a company spokesman. Two different sources who are particularly close to the situation said that Richard – who has denied any offences – will find it difficult to keep his job as the Chairman and CEO of Orange.
Richard also had a 50,000 euro fine slapped on him, but was cleared of the charge of complicity of fraud. He however refused to make any comment when reporters asked whether he would resign as CEO after the verdict was given. He hurriedly left the court, followed by the head of communications at Orange, Béatrice Mandine.
Richard, who is a former civil servant, had previously told French media that he would not be looking to stay as CEO at the end of his third term (each one lasting four years) in May 2022. He however said that he would love to remain as the Chairman.
ABC Transport Plc Plans Raise N1.27 Billion Via Rights Issue
Nigerian Stock Investors Lose N595 Billion Last Week
Mobile Money Transaction Values to Exceed $870 Billion in Emerging Markets by 2026, as the Payments-as a Platform Model Accelerates
Cryptocurrency4 weeks ago
Cryptocurrency Ban: Banks Close Accounts Link to Cryptocurrency Traders in Nigeria
Cryptocurrency3 weeks ago
Shiba Inu Update: Bricks Buster and AMC To Support SHIB Army
Banking Sector2 weeks ago
GTBank Raises International Spending Limit to $200 Per Month
Finance4 weeks ago
Tony Elumelu Launches Gen-U Sahel Alongside Daughter, Oge Elumelu
News2 weeks ago
Npower News: October Payment to be Made After Correction of Lapses
Government3 weeks ago
Federal Government Raises Price of Electric Meters
Company News3 weeks ago
Xavier Rolet Resigns Amid Seplat Energy Debt Scandal
Billionaire Watch3 weeks ago
Aliko Dangote Net Worth Surged $1.1B In A Day