Shares of Finnish multinational telecommunications company Nokia Inc. (NYSE:NOK) are trading higher in premarket on Wednesday.

Nokia and the French media and telecommunications giant, Canal+ Telecom are joining forces to enhance broadband access in the Caribbean through a major fiber network expansion.

The collaboration aims to modernize Canal+ Telecom's network infrastructure across French Guiana and Guadeloupe, enabling the deployment of multi-gigabit Fiber-to-the-Home (FTTH) services.

This initiative, which makes use of Nokia's advanced solutions, is expected to help bridge the digital divide and support regional economic growth.

"As the first operator in the Caribbean to adopt Nokia's Altiplano platform, we are pioneering intelligent network automation that anticipates and resolves issues proactively, ensuring exceptional reliability and an elevated experience for our customers,” said Head of Network and Fixed Access Engineering at Canal+Telecom, Laurent Champouret.

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Canal+ Telecom plans to implement Nokia’s Lightspan fiber solution, particularly the Mini Optical Line Terminal (OLT), to quickly expand FTTH services in these regions.

The OLT’s compact and effective design makes it apt for island locations and sparsely populated areas, providing a high-capacity network even in low-density zones.

Moreover, Nokia’s Altiplano solution will enhance network management by boosting automation and enabling early identification of potential service issues.

"For the people and businesses of French Guiana, Martinique and Guadeloupe, our deal with Canal+ Telecom demonstrates an important step towards a more connected future. Our mission is to deliver smarter, more reliable, secure, and future proof broadband networks for our customers and end users,” said Matthieu Bourguignon, senior VP, Network Infrastructure, Europe at Nokia.

As the demand for faster, more dependable broadband services increases, the new system will be adaptable to 25G PON technology.

Price Action: NOK shares are trading higher by 1.36% at $5.22 in premarket at last check Wednesday.

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