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2016-02-21

Nokia at Mobile World Congress: Bigger, stronger and seizing new opportunities in 5G and IoT #MWC16

Press Release

Barcelona, Spain - Nokia today outlined its approach as a renewed company for
leading the development of next-generation 5G technology and the Internet of
Things (IoT), targeting an addressable market opportunity that has nearly
doubled in size following the acquisition of Alcatel-Lucent.

As part of its approach, delivered on the eve of Mobile World Congress, Nokia
unveiled a series of announcements - from new 5G and IoT investments to a new
5G-ready product - that underscore the company's deep expertise in developing
the technologies of tomorrow.

"We are planning to dramatically increase our investment in 5G this year and
unleash the power of our massive innovation engine," Nokia President and CEO
Rajeev Suri told a media and analyst briefing.

Suri announced a new 5G-ready AirScale radio access product to replace the
very popular Flexi base station; Nokia's acquisition of Nakina, a Canadian
software company that specializes in preventing, identifying and eliminating
security threats; and the company's launch of a USD350 million IoT investment
fund through Nokia's private venture firm, Nokia Growth Partners.

"We are already at the forefront of making 5G a reality and enabling massive
capacity and massive connectivity - this is an integral part of our vision,"
Suri said.

"5G must happen fast because important IoT use cases demand it. If we know
that 5G can help save lives, improve our environment, and make our lives
better, we need to move faster, not slower, Suri said.

With Nokia's announcements today, Nokia is taking concrete steps to solidify
its 5G leadership and demonstrate how it will drive the business forward, he
added.

Alcatel-Lucent brings scale, scope

"Progress with integrating Alcatel-Lucent is going smoothly and effectively,
avoiding the organizational angst and infighting that have characterized
earlier deals," Suri said.

He added that the combined company is targeting many different cross-selling
opportunities and making joint bids to customers around the world. These
opportunities are all part of the critical scope that Alcatel-Lucent has
given Nokia, Suri said, in addition to greater innovation heft, scale and
customer reach.

"When you put Nokia and Alcatel-Lucent together, suddenly Nokia is in a
dramatically different position with an addressable market that balloons to
EUR141 billion. What we will be able to offer our customers - and their
customers - is, simply, unparalleled," said Suri.

Nokia and Alcatel-Lucent had combined net sales at the end of 2015 of EUR 26.6
billion, combined R&D spend of EUR 4.5 billion in 2015 with over 40 000
researchers and scientists, and combined net cash of EUR 10 billion. The
official "day one" for joint Nokia and Alcatel-Lucent operations was on
January 14, 2016.

Ready for 5G and IoT

Nokia's new 5G-ready AirScale product supports any technology, from 2G through
LTE Advance Pro and 5G when it arrives. It also includes a new base station
with future-ready baseband and next generation RF elements that will give
customers a connectivity experience that exceeds all others. AirScale also
uses 60% less energy than the Flexi.

The Nakina acquisition, expected to close in the first quarter 2016, is part
of a Nokia priority to have the best network security in place to enable 5G
and IoT. The acquisition is consistent with Nokia's long-stated view to do
small, 'bolt on' deals that give Nokia new technology and unique
capabilities.

The new IoT fund will invest in promising companies primarily around the
Connected Enterprise, Consumer IoT, Connected Car, Digital Health as well as
technologies with a focus on capabilities in big data and analytics. The fund
will support Nokia in defining future business opportunities and the
technical underpinnings for the rapidly growing IoT market.

At MWC in Barcelona this coming week, Nokia will give its perspective on a
variety of important issues, including presentations by Mobile Networks' CTO
Hossein Moiin on 5G and how Nokia is creating value for industry verticals;
and by Nokia Chief Strategy Officer Kathrin Buvac who will discuss strategy
and growth and the inclusion of women in the technology industry.

Visitors to Nokia's Experience Center in Hall 3, stand 3B and 3D can have a
hands-on demonstration of OZO, Nokia Technologies' commercially available
professional virtual reality camera that was launched to wide acclaim in
July, 2015. Sign uphereto receive daily MWC updates from Nokia.

Connect with Nokia:

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About Nokia

Nokia is a global leader in the technologies that connect people and things.
Powered by the innovation of Bell Labs and Nokia Technologies, the company is
at the forefront of creating and licensing the technologies that are
increasingly at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of network,
Nokia is uniquely positioned to help communication service providers,
governments, and large enterprises deliver on the promise of 5G, the Cloud
and the Internet of Things.http://nokia.com

Media Enquiries

Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that reflect Nokia's
current expectations and views of future events and developments. Some of
these forward-looking statements can be identified by terms and phrases such
as "plan," "target," "will", "would" and similar expressions. These
forward-looking statements include statements relating to: Nokia's future
investments in 5G and the Internet of Things and the innovations resulting
from such investments; Nokia and Alcatel-Lucent's joint bidding and cross
selling opportunities and the outcome of such joint bidding or cross selling;
the future product offerings of Nokia and their performance, including the
functionality and efficiency of
AirScale
; Nokia's ability to acquire new technologies through 'bolt-on' acquisitions;
the investment strategy of the Nokia Growth Partners; the closing of Nokia's
acquisition of Nakina; and Nokia's presentation at the MWC. These
forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond our control, which could cause actual
results to differ materially from such statements. These forward-looking
statements are based on our beliefs, assumptions and expectations of future
performance, taking into account the information currently available to us.
These statements are only predictions based upon our current expectations and
views of future events and developments. Risks and uncertainties include: the
capacity for and direction of growth in internet and technology usage;
Nokia's ability to continue to generate new innovate technologies; the
performance of the global economy; Nokia and Nokia Growth Partner's ability
to identify and invest in promising opportunities; Nokia's ability to
integrate Nakina; and disruption from Nokia's acquisition of Alcatel-Lucent
making it more difficult to maintain relationships with customers, employees
or suppliers, as well as other risk factors listed from time to time in
Nokia's and Alcatel Lucent's filings with the U.S. Securities and Exchange
Commission ("SEC").

The forward-looking statements should be read in conjunction with the other
cautionary statements that are included elsewhere, including the Risk Factors
section of the Registration Statement (as defined below), Nokia's and Alcatel
Lucent's most recent annual reports on Form 20-F, reports furnished on Form
6-K, and any other documents that Nokia or Alcatel Lucent have filed with the
SEC. Any forward-looking statements made in this press release are qualified
in their entirety by these cautionary statements, and there can be no
assurance that the actual results or developments anticipated by us will be
realized or, even if substantially realized, that they will have the expected
consequences to, or effects on, us or our business or operations. Except as
required by law, we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

IMPORTANT ADDITIONAL INFORMATION

This press release relates to the public exchange offer by Nokia to exchange
all of the ordinary shares, American Depositary Shares ("ADSs") and
convertible securities issued by Alcatel Lucent for new ordinary shares and
ADSs of Nokia. This press release is for informational purposes only and does
not constitute an offer to purchase or exchange, or a solicitation of an
offer to sell or exchange, any ordinary shares, ADSs or convertible
securities of Alcatel Lucent, nor is it a substitute for the Registration
Statement on Form F-4 (the "Registration Statement") (Registration No. 333-
206365) or the Solicitation / Recommendation Statement on Schedule 14D-9 each
filed with the SEC, the listing prospectus and listing prospectus supplements
of Nokia filed with the Finnish Financial Supervisory Authority or Nokia's
offer document (note d'information) and Alcatel Lucent's response document
(note en réponse) filed with the Autorité des marchés financiers ("AMF") on
October 29, 2015 and which received the visa of the AMF on November 12, 2015
(including the letters of transmittal and related documents and as amended
and supplemented from time to time, the "Exchange Offer Documents"). No
offering of securities shall be made in the United States except by means of
a prospectus meeting the requirements of Section 10 of the U.S. Securities
Act of 1933. The exchange offer is being made only through the Exchange Offer
Documents.

The making of the exchange offer to specific persons who are residents in or
nationals or citizens of jurisdictions outside France or the United States or
to custodians, nominees or trustees of such persons (the "Excluded
Shareholders") may be made only in accordance with the laws of the relevant
jurisdiction. It is the responsibility of the Excluded Shareholders wishing
to accept an exchange offer to inform themselves of and ensure compliance
with the laws of their respective jurisdictions in relation to the exchange
offer. The exchange offer will be made only through the Exchange Offer
Documents.

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE EXCHANGE OFFER DOCUMENTS
AND ALL OTHER RELEVANT DOCUMENTS THAT NOKIA OR ALCATEL LUCENT HAS FILED OR
MAY FILE WITH THE SEC...

Författare WKR

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