Nokia: AI-RAN, Networking and NVIDIA Minority Investment

Nokia supplies communications infrastructure and develops AI-RAN with NVIDIA. The completed NVIDIA investment was a minority stake, rather than control.

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Event history

Networking around AI workloads

Nokia supplies connectivity technology across mobile and network infrastructure. Its announced NVIDIA collaboration included adapting 5G and 6G radio-access software and exploring the use of Nokia switching and optical technology in AI infrastructure. AI-RAN and data-center interconnection are different parts of that work. [1][2]

An investment with a separate completion record

The October 2025 NVIDIA agreement set out a billion-dollar directed share issue. Nokia’s January 2026 financial report subsequently confirmed completion on November 13, 2025, with NVIDIA holding approximately 2.90 percent. That minority stake does not make Nokia an NVIDIA subsidiary. [1][2]

Joint development does not imply finished deployment

The original announcement separated work on RAN software from opportunities the companies were still exploring in data-center networking. Its stated roadmap should not be read as proof that every future network product or field deployment was already complete on announcement day. [1]

Sources

  1. Inside Information: NVIDIA to make USD 1.0 billion equity investment in Nokia in addition to new strategic partnership – Nokia’s Board resolved on directed share issuance to NVIDIA

    Nokia · Oct 28, 2025

  2. Nokia Corporation Financial Report for Q4 and full year 2025

    Nokia · Jan 29, 2026