StockNews.AI

Proximus selects Nokia to modernize its charging system and voice core

StockNews.AI • 3 hours

RHT
High Materiality8/10

Information

Press ReleaseProximus selects Nokia to modernize its charging system and voice core The move enables...

Original source

AI Summary

Proximus has selected Nokia to modernize its charging system and voice core, enhancing automation and enabling new business models. This partnership and migration to Nokia's cloud-native solutions signal a future-ready approach to 5G monetization and network autonomy, potentially boosting Nokia's revenue and market position.

Sentiment Rationale

Nokia's contract with Proximus highlights its technological leadership and solidifies its role as a key player in cloud solutions, likely boosting investor confidence similar to past successful migrations resulting in price surges.

Trading Thesis

Nokia is positioned for growth due to increasing demand for cloud-native solutions, resulting in a likely short-term price increase.

Market-Moving

  • The Proximus deal signifies increased demand for Nokia's cloud-native technology.
  • Enhanced network automation could lead to higher contract wins for Nokia in the telecom sector.
  • Successful deployment may encourage other telecoms to adopt Nokia’s solutions.
  • Nokia's revenue growth from successful migrations could positively impact investor sentiment.

Key Facts

  • Proximus partners with Nokia to modernize its charging system.
  • The migration will enhance automation and support new business models.
  • Nokia's Converged Charging will replace a competitor's system for Proximus.
  • Proximus aims for autonomous networks and new 5G monetization services.
  • Cloud solutions support Proximus in scaling and delivering innovative services.

Companies Mentioned

  • Proximus Group (PROX): Proximus' modernization will rely heavily on Nokia's technologies.
  • Red Hat Inc. (RHT): Red Hat's OpenShift will be used to power the new solutions.

Corporate Developments

This falls under 'Corporate Developments' as it involves a strategic partnership that enhances Nokia's product offerings in a competitive environment, affecting their growth trajectory in the telecom market.

Proximus Partners with Nokia to Transform Charging System and Voice Core

On January 20, 2026, Proximus, a leading telecommunications provider, announced its strategic partnership with Nokia (stock symbol: NOK) to modernize its online charging system and voice core. This modernization aims to enhance automation and develop future-ready services as Proximus accelerates its digital transformation.

Key Details of the Partnership

Proximus will migrate its entire customer base, which covers both fixed and mobile services, along with more than 1,000 products, to Nokia's innovative cloud-native charging solution, termed Nokia Converged Charging. This agreement also entails a complete replacement of the existing charging system provided by a competitor.

  • Implementation of Nokia Converged Charging: Enables full cloud-based transformation.
  • Deployment of Nokia’s Voice Core: Supports enhanced network automation and flexibility.
  • Integrated Solutions: Includes Subscriber Data Management and Policy solutions.
  • Cloud Infrastructure: Solutions will be hosted on Proximus’ proprietary cloud utilizing Red Hat OpenShift.

Implications for Proximus' Network and Services

The collaboration with Nokia is set to propel Proximus towards more autonomous network structures while enabling the launch of new revenue-generating 5G services. By embracing cloud-native solutions, Proximus is expected to achieve greater network intelligence and operational efficiency.

Kal De, Senior Vice President of Product and Engineering at Nokia, stated, "Cloud-native solutions provide the modularity, automation, and intelligence required to make networks increasingly self-managing, self-optimizing, and self-healing." This modernization will improve Proximus’s ability to deliver innovative services and explore additional revenue streams through emerging technologies such as IoT and gaming.

Statements from Leadership

Laurent Claus, Core & Communication Solutions Lead at Proximus, emphasized the importance of the partnership with Nokia, saying, "Nokia has been a key supplier and trusted partner for many years, consistently delivering high-quality solutions." He expressed anticipation for the collaborative efforts to expedite Proximus’s digital transformation journey.

About Proximus Group and Nokia

Proximus Group, listed on Euronext Brussels under the symbol PROX, is headquartered in Brussels and is dedicated to building a robust connectivity infrastructure that fosters trust and growth within society. The group aims to construct the number one gigabit network in Belgium while promoting sustainability and enhancing customer engagement.

Nokia (NOK) is recognized as a global leader in connectivity solutions, advancing technologies across fixed, mobile, and transport networks. The company is committed to enhancing connectivity and securing a brighter future for users worldwide.

Related News