Nokia signs deal with AT&T after losing network contract to Ericsson

U.S. telecoms operator AT&T and Finnish network equipment maker Nokia have signed an agreement to build a fibre network in the U.S., the Finnish company said on Tuesday.

The deal comes after Nokia lost a major deal with AT&T to its Swedish rival Ericsson, which the U.S. operator chose in December to build a telecoms network that will cover 70% of its wireless traffic in the United States by late 2026.