Nokia's EU Project Boosts Shares: Broadband Breakthrough!
Wednesday, Jun 4, 2025 5:48 am ET1min read
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Nokia Corporation rose 1.12% in premarket trading, with the company leading a multimillion-euro robotics and unmanned technology project called PROACTIF, funded by the European Union. The project aims to strengthen Europe's technology resilience and leadership in ECSECNS-- technologies, with an anticipated revenue of €90 million by 2035. Additionally, NokiaNOK-- was selected by the City of Elberton, Georgia, to modernize its broadband network, replacing an aging hybrid fiber-coax network with a new fiber network capable of speeds up to 25G, serving over 10,000 households.
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