Nokia partners with Solis Tower Telecom to improve rural connectivity in Brazil

From Nasdaq: 2024-07-04 11:38:00

Nokia and Solis Tower Telecom are collaborating to expand private wireless networks in rural areas in Brazil. Nokia’s Airscale portfolio will provide critical communication and Internet access for agribusinesses, addressing the lack of connectivity that hampers productivity and market access. This venture is already showing positive results at farms like Vera Cruz do Xingu, promoting digital inclusion and boosting Brazil’s agribusiness sector.

Nokia has faced challenges in Latin America but aims to strengthen its presence with the Solis Tower Telecom partnership in Brazil. The stock has declined 7.9% in the past year compared to the industry’s growth of 45.1%.

NVIDIA, with a Zacks Rank #1, leads in visual computing technologies and AI solutions. Arista Networks, with a Zacks Rank #2, focuses on data-centric cloud architecture. Silicon Motion Technology, also with a Zacks Rank #2, specializes in semiconductor solutions for storage devices and OEMs. These companies have strong growth prospects and recent positive earnings surprises, positioning them well for future success.



Read more at Nasdaq: Nokia’s (NOK) Wireless Network Boosts Agribusiness in Brazil