Nokia Oyj (NOK) Enters into a Strategic Partnership with Nscale; VodafoneThree Awards a $2.7 Billion 5G Equipment Contract

With significant hedge fund interest, Nokia Oyj (NYSE:NOK) secures a spot on our list of the 10 Cheapest Penny Stocks to Buy Now.

On September 25, 2025, Nokia Oyj (NYSE:NOK) announced that it has entered into a strategic partnership with Nscale to accelerate the build-out of AI infrastructure.

With this deal, Nokia Oyj (NYSE:NOK) becomes Nscale’s preferred partner for AI-ready data center deployments globally. Furthermore, Nokia joins other investors in Nscale’s Series B round to support global expansion. Both companies will co-develop innovations in networking stacks for AI clusters and collaborate on joint deployment initiatives.

Meanwhile, on September 22, 2025, VodafoneThree awarded Nokia Oyj (NYSE:NOK) and Ericsson a $2.7 billion 5G equipment contract. This marks Nokia’s return as a supplier in the U.K. market.

Under the deal, Nokia Oyj (NYSE:NOK) will provide radio access network and core network equipment to about 7,000 sites as Vodafone Three plans to invest $14.74 billion over the next decade to build one of Europe’s most advanced 5G networks.

Nokia Oyj (NYSE:NOK), a Finland-based technology company, delivers mobile, fixed, and cloud network solutions globally. It is one of the 10 Cheapest Penny Stocks to Buy Now.

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