The shares of Nokia$NOKIA (+0.09%) rose in the USA after T-Mobile US announced that there are no plans to end the partnership with the Finnish company. Previously, speculation about possible changes in the business relationship had caused uncertainty. However, T-Mobile confirmed that Nokia will remain a key partner for the expansion and modernization of the 5G network.
This clarification strengthened investors' confidence in Nokia and underlines the importance of the cooperation with one of the leading mobile providers in the USA. Despite challenges in the industry, the company continues to see itself as a key player in the telecommunications infrastructure sector. Whether the run so far this year will continue is questionable, however, as the stock is already up 30% YTD, which is impressive.
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