Telefonica Germany & Nokia Ink a 5-year RAN Deal to Advance 5G Rollout

Telefonica, S.A. TEF Germany has extended its partnership with Nokia through a new five-year agreement to modernize and enhance its nationwide radio access network through 2030. The deal supports TEF’s accelerated 5G rollout and its broader goals for sustainable digitalization across Germany, enabled by Nokia’s advanced Cloud RAN capabilities and AI-driven network intelligence.Under the contract, Nokia will deliver its energy-efficient, AI-ready AirScale Radio Access Network (RAN) portfolio, featuring Habrok Massive MIMO radios for the n78 band, Pandion multi-band remote radio heads, AirScale small cells and the latest baseband solutions, to improve coverage, indoor performance and overall network reliability.The rollout will also incorporate Nokia’s Interleaved Passive Active Antenna (IPAA+) antenna solution to streamline site deployment and speed up 5G expansion, alongside ongoing maintenance and optimization services.TEF will continue leveraging Nokia’s MantaRay NM, an AI-powered network management platform that supports both Cloud RAN and traditional RAN across core, radio and transport domains. The initiative represents an important step toward the companies’ shared ambition of advancing network automation to level 4 through AI-driven orchestration.Management highlighted that Nokia’s continued emphasis is on delivering superior customer experiences and supporting Germany’s connected and sustainable future.Telefonica SA Price and Consensus Telefonica SA price-consensus-chart | Telefonica SA QuoteTelefonica has switched on its 5G network in Spain, where the miMovistar portfolio continues to gain traction. The company’s 5G network provides nearly 94% of the population in Spain with advanced mobile Internet services, streamlining the entire communications infrastructure of the country. The company has launched 5G+ (5G SA) in Spain, Brazil, Germany and the U.K.Also, the company has signed several long-term contracts that should add to the stability of its business. Telefonica inked a 16-year long-term agreement with DIGI for the mobile network in Spain, enhancing infrastructure quality and ensuring a stable revenue stream. It reached a definitive agreement with Anatel on the fixed voice concession for the authorization model migration. It signed a mobile network agreement with Vodafone, which extends beyond 2030. Movistar Chile has entered a long-term renewable energy deal with Acciona, while Telefonica Mexico has teamed up with BAS Corporation to obtain 40% of its energy from the Kaixo Solar park.In Brazil, Telefonica is progressing toward a shift to the authorization regime, which is expected to yield both financial and commercial benefits. Meanwhile, Telefonica Deutschland is experiencing growth in its B2B segment through increased customer acquisitions and stronger partnerships, supported by steady ARPU and low churn in O2 contracts, helping ensure consistent revenue.In November 2025, Telefonica, Nokia and the Polytechnic University of Valencia (“UPV”) advanced mobile communications with a pilot using the upper 6 GHz band (6.425–7.125 GHz, 3GPP n104). The partners view this spectrum as essential for Europe’s future mobile connectivity and for enabling upcoming next-generation digital services.For 2025, Telefonica continues to expect year-over-year organic growth in revenues, EBITDA and EBITDAaL - CapEx. It aims to keep CapEx as a share of sales below 12.5%, maintain free cash flow at 2024 levels and reduce debt.TEF’s Zacks Rank & Stock Price PerformanceTelefonica currently carries a Zacks Rank #2 (Buy). The stock has lost 5.7% over the past year against the Diversified Communication Services industry’s growth of 9.5%. 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Click to get this free report Telefonica SA (TEF): Free Stock Analysis Report Southwest Gas Corporation (SWX): Free Stock Analysis Report Atmos Energy Corporation (ATO): Free Stock Analysis Report Lumen Technologies, Inc. (LUMN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks