Helsinki, Feb 27, 2026, 15:00 EET — Regular session
- Nokia climbed roughly 2.7% in Helsinki, with U.S. ADRs also firmer ahead of the open.
- Nokia has been picked as the exclusive networking partner by Telefónica España for a 17-site edge deployment.
- Nokia’s annual report is due out next week, with the company’s AGM set for April 9.
Nokia Oyj climbed 2.7% to roughly 6.40 euros in afternoon Helsinki trading Friday, with the move higher following its announcement of a fresh data-center networking contract in Spain. 1
This matters. “Edge” data centers—compact sites designed to bring computing closer to users and slash latency—have climbed the priority list for telecom operators as they race to support new AI and cloud-driven offerings. For equipment vendors, this segment is among the rare spots still generating fresh demand.
Nokia on Thursday announced it landed an exclusive, multi-year deal with Telefónica España to roll out network connectivity at 17 new edge data-center sites across Spain; 12 are already up and running. Telefónica España’s CTIO, Sergio Sánchez, described edge cloud and AI as “main cornerstones” for the company’s strategy. David Heard, who heads Nokia’s Network Infrastructure, called the agreement a “landmark project.” 2
Nokia’s ADRs in the U.S. moved up roughly 0.9% to $7.57 in premarket action, following a 0.9% dip to $7.50 at Thursday’s close. 3
The company said its Telefónica rollout is aimed at backing both AI training and inferencing at the network edge — that is, running models on live data. Enterprise and public sector uses are in focus. Financial details weren’t shared.
With the Spanish deal, Nokia jumps into the fray for data-center networking dollars—a space dominated by Cisco Systems and Juniper Networks, both established sellers of switches and routers, now also facing a swelling field of niche competitors.
Nokia has circled the week of March 2 to release its annual report, putting that on investors’ immediate radar. 4
Nokia will hold its annual general meeting in Helsinki on April 9, a stock exchange release showed. 5
Even when contract headlines hit, revenue doesn’t always follow right away. Delays in rollout happen, spending from customers may slow, and margins can get pinched—especially if operators get more aggressive on pricing or run into hiccups during deployment.
Attention shifts to whether Friday’s bounce in Helsinki sticks through the close, and if U.S. ADRs can maintain momentum when New York opens. Nokia’s annual report lands next week, followed by the April 9 shareholder meeting and first-quarter results slated for April 23.
