Making happen worldwide

Tommi Uitto, President of Mobile Networks 5G Future X – Breakthrough network performance and cost reduction

Digital Value 7 Web, Enterprise & Vertical apps Dynamic Quantum leap in Cloud-native Platforms 8 radio economics architecture External data sources Data Security Augmented New trust framework 6 Analytics Machine 3x increase of cell site Web-scale capacity Cognition Systems learning Ecosystem sharing Mass edge monitoring throughput, slashing and programmability Open APIs Management & Dynamic energy costs Programmable Dynamic Orchestration Multi- 5 customer network operator optimization Network OS services SDN NFV federation

Universal 4 Access agnostic Modular, decomposed Common Adaptive Core converged core network functions data layer Embedding AI Fully automated into the network slicing Autonomously 3 Smart Network Fabric optimized coverage & Short architecture 30% TCO savings capacity waves & wires

Zero-touch network XRAN Long fibers optimization

0 1 2 Software defined Converged Node

Emerging Devices Massive Converged Core cloud & Sensors Scale Access Edge Cloud

© 2019 Nokia E2E 5G strengths

© 2019 Nokia A strong LTE layer is fundamental to build great 5G Public RootMetrics 1H2019 data confirms leading networks

Overall Network Network performance reliability speed

Data Call Text performance performance performance

Analysis of 1H2019 data from 125 metro markets for all tier 1 US operators

© 2019 Nokia Nokia powers 80% of the fastest LTE networks Ookla US market-by-market analysis

7 out of the 10 fastest 17 out of 25 fastest networks networks powered by Nokia powered by Nokia LTE radio LTE radio (Ericsson: 8 out of 25) (Ericsson: 3 out of 10) 68%

The fastest network powered The fastest network powered by Nokia LTE radio is 82% by Nokia LTE radio is 63% faster than nationwide faster than nationwide average in downlink average in uplink +82% +63%

© 2019 Nokia Nokia LTE consistently outperforms the competition in Europe According to Tutela crowdsourced data

© 2019 Nokia Crowdsourced data *) - Data is collected via Measurement software (SDK) which is globally installed on hundreds of millions of end user devices via dedicated apps or embedded inside 3rd party apps (e.g. games, utilities) Deploying a high quality and reliable mobile broadband experience

Radio

AirScale Base Microwave 5G//SRAN Station Distributed Centralized Cloudified WiFi/LAA powered by ReefShark

Small Our portfolio covers all 66 3GPP AirScale Cells frequency bands Cloud RAN Zero Emission

Communication Service Providers Webscale Enterprise

© 2019 Nokia How Nokia radio platforms deliver leading 4G and 5G Eight key technology drivers

High capacity Early mMIMO in Leading platforms Architecture baseband to multiple form with in-house SoC and use case 1 differentiate 2 factors 3 development 4 flexibility All the way to 5G leading 8T8R, 32T32R, 64T64R Expanding investments in Everything from centralized to mmWave performance and dual band the ReefShark chipset distributed; cmwave to mmWave, family evolution from NSA to SA

Sharp focus on Evolve best Leanest Macro supported by energy efficiency performing radio sites the richest Small Cells Accelerating move towards LTE to 5G Dual and triple band radios with and microwave PF 5 SoC, further SW 6 7 integrated PIM cancellation, 8 optimizations In NSA mode 5G relies on unique 3-sector RF modules Nokia’s Small Cells portfolio LTE; Nokia with great LTE ranked #1 by Current Analysis, performance metrics Gartner and IHS

© 2019 Nokia Boosting our performance

© 2019 Nokia Our silicon strategy

© 2019 Nokia South Korea: the first massive 5G deployment

Sectors in 2000 3.5 GHz band TB/day >150k

Share of 5G Planned population traffic coverage by end of 2019 >10% 80% Nokia 5G performing well in Korea

Peak DL throughput in the field 1.45 Gbps

Live throughputs when drive testing (LTE+5G) 400-600 Mbps

© 2019 Nokia © 2019 Nokia Launching 5G Networks globally in mid-band spectrum Analyzing Sprint launch in New York, Los Angeles, Washington DC and Phoenix

64T64R active antenna provides 5G and replaces existing LTE equipment. Improves “Blasting two different technologies LTE and NR from your base station and performance and your phone...is like trying to catch two fly balls at the same time with one reduces tower load glove and do it correctly a billion times a second. [These markets] have the most valuable customers so we do not want to screw up LTE experience. That was the task we put on Nokia – make sure this gets done right! Nokia is a trusted partner.” Network launch included live VR calls and even a John Saw, Sprint CTO cloud gaming tournament, to put the network to test

© 2019 Nokia Enabling Ultra-wideband 5G with new mmWave portfolio Now live in several US cities using 28GHz and 39GHz spectrum

First networks live since Q2 2019 • Leverage strong LTE networks (NSA, EN-DC) • Support 4CC CA (400MHz) from day-1, developing 8CC CA (800MHz)

Cloud and Classic Deployments • Commercial 5G vRAN1.0 Deployment (CU in Cloud, DU integrated with Radio) • Commercial Airscale Baseband Deployments

Shipping new mmWave portfolio • High power RF to deploy on existing sites • Psuedo-Omni solution for 360 coverage at street level

© 2019 Nokia Ensuring excellent network for Hajj since 2001 Record traffic volumes

2M >60 pilgrims TB/km2 k Erl/km2

YoY increase of All KPIs in data traffic target range 50%

© 2019 Nokia 50 commercial 5G agreements in key markets 16 live commercial networks Finland

Over Austria Switzerland

100 Italy 5G engagements Qatar 70+ >50% technical of our commercial engagements deals include more planned or on the than radio way in 2019 Uruguay South Africa

New Zealand

© 2019 Nokia Summary

Nokia is the only global Strong actions being Leading network 5G E2E vendor. More taken to improve performance results in than 50% of our deals further Nokia’s early markets, showing include more than just competitive position in that a strong LTE RAN. 5G. Accelerating SoC foundation pays off on and cost reduction the 5G evolution. plans.

© 2019 Nokia Confidential Global Analyst Forum 2019