The agreement primarily focuses on Finland, where Nokia will deliver radio access network technology (RAN) to base stations to modernize Telia's 4G network and upgrade it to 5G. Telia Company will also implement the new Nokia SA 5G Core solution - the brain of a mobile network - in all its markets, providing customers with entirely new capabilities over time.

Allison Kirkby, President and CEO of Telia Company, says:

"Our networks have never been more important and are the foundation of a thriving digital economy. Nokia is our sole supplier of 5G standalone core in all markets and of radio network technology in Finland. We share a long history of close collaboration with Nokia, particularly in Finland, and I look forward to continuing this partnership by delivering the best network for our subscribers."

Pekka Lundmark, President and CEO of Nokia, says:

"We are delighted to extend our long-standing partnership with Telia Company. For over half a century, we have worked with Telia to deliver best-in-class connectivity - now that continues into the 5G era, as we supply Telia's RAN technology in Finland and its core 5G network across the Nordic and Baltic nations. I look forward to continuing our close collaboration with Telia for years to come."

The continuing partnership with Nokia will pave the way for smarter ways of working and more efficient and sustainable network operations. The 5G network now being deployed by Telia in Finland is much more energy efficient than previous generations and is powered by 100 percent renewable electricity. The network is easy to upgrade and service, with less complexity and at a lower cost. Customers and society will benefit as Telia will now be able to bring better digital experiences to markets more quickly.

Telia opened the first pre-commercial 5G networks in Helsinki, Vantaa and Oulu in Finland in September 2018 together with Nokia. The commercial network was opened at the beginning of 2019, and the accelerated roll-out has continued to 42 cities in Finland, with a population coverage to date of over 25%. The two companies have also collaborated around live 5G trials in manufacturing and virtual reality matches in soccer and are now bringing broadband to more people with 5G Fixed Wireless Access.

The new Nokia SA 5G Core solution will enable Telia to offer new services and experiences, like connecting critical assets in factories that require extremely low latency or providing ultra-high-speed broadband in densely populated areas like urban centers or sports stadiums.

Telia Company launched its first public 5G network in Finland in 2019, followed by Norway and Sweden earlier this year with Denmark set to launch later this fall. For more information on the deployment of 5G in Telia Company - see here (https://www.teliacompany.com/sv/nyhetsrum/news-articles/2020/telia-companys-journey-to-5g-well-underway/).

For more information, please contact our press office +46 771 77 58 30, visit our Newsroom (http://www.teliacompany.com/sv/nyhetsrum/) or follow us on Twitter @Teliacompany (https://twitter.com/Teliacompany).

Forward-Looking Statements
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Telia Company. 

We're Telia Company, the New Generation Telco. Our approximately 21,000 talented colleagues serve millions of customers every day in one of the world's most connected regions. With a strong connectivity base, we're the hub in the digital ecosystem, empowering people, companies and societies to stay in touch with everything that matters 24/7/365 - on their terms. Headquartered in Stockholm, the heart of innovation and technology, we're set to change the industry and bring the world even closer for our customers. Read more at www.teliacompany.com