Nokia said it has signed 30 private network contracts in Q2 2024
Dell'Oro has said that Nokia is the 2nd place private RAN provider, after Huawei
VP tells us that ports, energy, and manufacturing continue to be strong business areas for Nokia
Nokia told Fierce this week that it signed 30 new private networking contracts in the second quarter of 2024.
David de Lancellotti, VP of enterprise campus edge business at Nokia jumped on a call with us mid-week to talk about Nokia’s performance in the private networking space. “Thirty in Q2, and roughly 50 — a little more than 50 — in the first half,” he said of contracts signed.
According to analysts at Dell’Oro Group, Nokia is the second largest global radio access network (RAN) supplier in the private network space after leader Huawei, beating Ericsson to the silver medal spot in its April 2024 report. The firm noted in that report that the top three private wireless RAN suppliers — if we exclude the Chinese market — are Nokia, Ericsson and Samsung.
“We kind of jumped into this a bit earlier than anybody else,” Nokia’s de Lancellotti explained. “I think we’ve always taken a real service provider approach in terms of quality, in terms of feature set [and] in terms of roadmap,” he added, while cheering Nokia’s “real drive to pick up the enterprise space.”
Nokia's silver private surfer
The enterprise VP said that transportation, energy and manufacturing continue to “lead the way” for private networking contracts in Q2. “When we talk about transportation, I think that’s the port side of business, which continues to be strong for us,” he said.
STL Partners has said that preventing everyday concern that can causing financial loss is a big driver of private networkization of ports. “The National Bureau of Economic Research suggests that for every day a ship is unable to unload its cargo, that shipping company pays between 0.6%-2% of the value of goods on board,” STL noted in a report.
Overall, Nokia has said that it has signed more than 760 private network contracts around the world. NGIC, Sigma Lithium and Solis are some of the most recent names it has signed.
Despite the progress, private 5G still has a ways to grow in order to make up the majority of its private wireless business. Nokia said that 78% of its private network business is based on 4G LTE-Advanced, which Nokia calls 4.9G, compared to 18% being 5G only, and the remaining 4% combining the two cellular technologies.