5G global status update Analyst Webinar June 6th, 2019

Adrian Hazon Head of E2E Product Sales, Global 5G focus in 2019 – from Trial to Commercial launch 346 /LTE..304 to go!

39 45 42 >50%

1H19 2H19 Commercial Of them Trials Trials 5G more than contracts radio today

2 © 2019 Nokia Updated: 31 May, 2019 Public Nokia 5G commercial references until today …and 2019 deals are coming in continuously NAM LAT EUR MEA APJ

AT&T Antel Uruguay A1 Austria du KT Sprint Elisa Finland Rain South Africa SK Telecom T-Mobile Salt Switzerland STC Saudi LG Uplus US Cellular Telenor Group Ooredoo Qatar NTT docomo TIM San Marino SoftBank Italy

Technical engagements 5G Commercial 5G on the way or planned Over engagements agreements 100 42 70+ in 2019

3 © 2019 Nokia Establishing 5G Leadership Implications for strategy approach: Expected business trends 2019 - 2021 5G Expected to commercially happen in at least 3 or 4 waves like LTE • Wave 1 main market share for Early Adopters interested in technology leadership vendors selected – starting in Mega-cities

NSA Based initial Megacity • Wave 2 final NSA vendor selection deployments or limited scale ‘me too’ launches. LTE growth continues • Wave 3 full scale deployment underway, new Enterprise and 1 2019 1H Early Adopters Verizon, AT&T, SKT, KT, LGU+, VF Italy, BT/EE, Telia, Elisa, etc Vertical segments emerge • Wave 4 Enterprise and Vertical NSA based further commercial launches in key markets segments likely to match traditional segment as migration 2 2019 2H Early Majority, networks stabilize China, NAM, MEA, EURO all build out, India, LAT get ready to SA continues

Main markets build out mass market NSA, initial Cloud RAN and SA • LTE continues to grow until 2022. trials/launches Decisions on legacy / 3 2020 Mass Market NSA All markets technologies are being made

New opportunities, Rel16 enabled features, migration from 3X to Option 2 (SA), new use cases enabled 4 2021 Migration to SA All markets

4 19/07/2019 © Nokia 2019 Key achievements within the 5G deployments

NAM MEA GCHN APJ

T-Mobile Verizon Telia Qualcomm and Nokia MIIT* Korea completed 5G NR mmWave Commercial contract Several industry first tests 5G launch in Helsinki City and and Sub-6 GHz Over-the-Air Completion of MIIT Phase Commercial 5G launch: 3 nationwide 5G multi-band with Nokia in 5G NR Airport (OTA) Interoperability Test 3 5G tests April 2019 network rollout network 5G use case in Nokia Oulu Nokia is 5G supplier for SKT, World’s first 5G data Factory Elisa CMCC KT and LG Uplus trans-mission on 600 Sprint MHz spectrum 5G launch for Oulu industrial signed 5G deal with Nokia launch industry -first city DoCoMo field testing standards- commercially ready 5G based 5G in multiple Harbor and electricity grid hybrid indoor radio First public commercial AT&T markets, including in Los automation with Kalmar & A1 Austria contract Angeles with Nokia ABB Selects Nokia as chooses Nokia as partner to preferred 5G supplier deploy 5G in Austria China Telecom SoftBank Corp Live 5G demonstration at U.S. Cellular showcase advanced end- SoftBank will launch 5G with HPA & DT Atlanta Falcons vs. Dallas Nokia and U.S. Cellular sign to-end capabilities of 5G Nokia's AirScale solution in Cowboys pre-game event Edge Cloud for latency multi-year 5G network 5G apps passed field test in Extensive trial in Milan both distributed and modernization deal the joint research for 5G in critical new applications centralized RAN industrial environment configurations

Salt Switzerland Optus du LAT 5G contract with Nokia Deploying 5G Home Chooses Nokia for 5G Broadband service in Antel deployment partnership with Nokia Telenor Group make the first 5G call on a STC commercial network in Select Nokia’s cloud native Latin America with Nokia STC signed 5G deal with core Nokia Ooredoo Qatar rain Nokia to supply cloud native Nokia deploys 5G with rain in core for Ooredoo Qatar 5 © Nokia 2019 South Africa *) Chinese Ministry of Industry and Information Technology (MIIT) 5G Use Cases roadmap 2018 2019 2020 2021+

5G to home 5G spots Edge design, integration and 50+ Mbps everywhere Fixed (overlay) optimization Consistent experience • Localized event Commuter-Adjusted Services Cloud Access experiences: AR, VR, eMBB video streaming • Gaming In Vehicle Infotainment Augmented shopping Video entertainment Indoor hotspots with localized content

4G IoT Optimization Smart Grids/smart city Cognitive analytics & machine learning mMTC • E2E optimization • Energy Conservation • Big data analytics, artificial intelligence

Connected Health Real-time (video) Monitoring and remote diagnosis → URLLC remote surgery E2E 5G Traffic management • Drones, vehicles • Unmanned Aerial Vehicle (UAV) Traffic Management General Enablers: Telco Cloud 5G radio Edge-computing Automation Network slicing NFV, SDN Cloud RAN Analytics 5G Architecture 6 5G in Korea: rough start for all operators, all suppliers High user expectations - reality bites Vision: Reality:

x20 LTE speed

5G service launched on 3rd Apr being 1st in the world x10 faster response

Cells: 100K+ deployed Field performance is still short of expectations, all x10 operators working to Subs: 260K in one month LTE connections stabilize their networks.

7 © Nokia 2019 Confidential Nokia radio networks swaps in 2016-2019 Under NDA

Finland Norway Russia Canada UK Austria Romania Kazakhstan Serbia Bulgaria Uzbekistan US Portugal Azerbaijan Lebanon Iraq Israel Iran Pakistan Egypt Jordan GCHN Algeria Cuba Mauretania UAE Laos Vietnam India Bangladesh Philippines Senegal Sudan 63 swaps Nigeria Thailand Cambodia >90k sites Singapore Columbia Ivory Coast Site volume includes swap Kenya sites and expansions won in Peru competitor area Brazil NAM 2500 LAT 2230 Australia MEA 10 330 EUR 20 600 Uruguay New Zealand China 4000 Argentina APAC 58 320

8 © Nokia 2019 Confidential Glomo 5G Leadership Award - 2019 Nokia for Nokia 5G Future X – Unleashing the Potential of 5

“Our congratulations to all of the winners and nominees of the GSMA’s GLOMO Awards 2019,” said John Hoffman, CEO, GSMA Ltd. “The GLOMO’s are a testament to the incredible innovation and ingenuity shaping our industry and it is truly an outstanding achievement to have been selected by our esteemed judging panels. We thank all of our entrants, judges, sponsors and partners for supporting the 2019 GLOMO’s.”

9 © 2019 Nokia Public Small Cell Forum Award - 2019

Nokia received SCF Award 2019.

Category: „Development of New Architecture Providing a Clear Path to Future Networks (5G, Hyperdensity, vRAN)”

„Need for Extreme Capacity and the Promise of 5G mmWave”

Link to a related blog

10 © 2019 Nokia Public 5G focus in 2019 – from Trial to Commercial launch 346 4G/LTE..304 to go!

39 45 42 >50%

1H19 2H19 Commercial Of them Trials Trials 5G more than contracts radio today

11 © 2019 Nokia Thank You! Analyst Webinar June 6th, 2019 Backup slides

13 © 2019 Nokia Nokia core, MWR, X-Haul networks swaps and market share wins in 2016-2019 Under NDA

EPC SWAP in six countries (Finland, Sweden, Norway, Denmark, Estonia, Canada: Full core network swap Lithuania) 11 Countries: MWR swap including EUR, MEA, APJ Canada: EPC swap Finland: IMS/VoLTE Romania SDM swap France:Full MWR swap Turkey IMS swap Liechtenstein: vEPC replacing PaCo US: ePDG won, competitor incumbent in EPC Austria: vEPC replacing PaCo Uzbekistan:MWR swap US: Swap of bare metal TAS US: entire Cloud core for MVNO, competitor Croatia: EPC swap China: VoLTE/vIMS new markets, 11 million users incumbent Spain: full HLR/HSS/SDM swap Turkmenistan:MWR swap India: SDM(HLR) swap – 248 million users Mexico: ePDG won, Egypt:full HLR/HSS/SDM swap India: IMS/VoLTE in 15 CS circles competitor incumbent in EPC Bangladesh SDM swap Mexico: Cuba:MWR swap Mauritania:X-Haul swap Myanmar SDM swap Core swap with vIMS/vTAS Sudan: MWR swap India: IMS/VoLTE in 4 CS circles for VoLTE/VoWiFi Pakistan: Vietnam CS core transit layer swap Ivory Coast:MWR swap swap HLR/UDC/SDM, MSS> Thailand: Cloud MSS, MGW and ePC swap Cloud core in five countries (Thailand, Malaysia, 33 swaps Bangladesh, Myanmar and Pakistan) 27 wins

14 © Nokia 2019 Confidential Key achievements within the 5G ecosystem – v1

U.S.Cellular Telenor Group Salt Switzerland Optus Ooredoo Qatar SoftBank Corp.

Nokia and U.S. Announced to deploy Swiss provider Salt Deploying 5G Home Nokia to supply cloud SoftBank will launch Cellular sign multi- Nokia AirGile cloud- has signed a Letter of Broadband service in native core for 5G with Nokia's year 5G network native core solution Intent (LoI) with partnership with Ooredoo Qatar AirScale solution in modernization deal to transform mobile Nokia to upgrade its Nokia both distributed and network operations radio and mobile core centralized RAN in Scandinavia network allowing it to configurations launch 5G services.

Sprint STC Saudi A1 Austria Elisa Antel Uruguay Arabia field testing have signed a Signed 5G contract First 5G call on contract with Nokia with Nokia standards-based 5G Nokia and Saudi commercial network to expand next- in multiple markets, Telecom Company in LAT generation 5G mobile including in Los have signed a deal to communications in Angeles with Nokia deploy a 5G network Austria. with Nokia's end-to- end 5G solutions.

15 © 2019 Nokia 5G technical engagements in H1 2019 60% increase compared to 2018

NAM EUR MEA GCHN Bell Canada Telecom Italia STC CMCC +2 Elisa Group ZAIN CTC Telia Company CUC TAG Rain MIIT Orange VF Italy +2 VF Spain Salt LAT Telenor Group IND APJ CNT Ecuador DoT KT Antel Uruguay +6 SKT LGU+ KDDI Softbank StarHub Optus Spark Rakuten +1

Public 17 © 2019 Nokia External Slide 5G chipsets and devices, launching commercially from 2019

First wave Second wave

Chipset vendors targeting Chipset vendors targeting “early adoption” the volume market

Commercial chipsets Commercial chipsets NSA NSA + SA NSA Commercial Chip SA early samples NSA+SA Commercial Chip (Volume) Commercial UE NSA Commercial UE NSA + SA NSA Mobile Hotspot

NSA+ SA (Volume) NSA Smartphone NSA FDD Smartphone *TBD

NSA CPE (sub6) NSA+SA CPE/MHS/Modules (sub6/mmwave) 2018 2019 2020 © Nokia 2019 Nokia collaborates with leading chipset and device manufacturers 3GPP compliant 5G expected to be available by 2H 2019

5G chipset and devices timeline

5G NR trial device First NSA commercial Smartphones supporting platforms chipsets 1Q 2019 multiple bands and architectures, for volume First NSA commercial markets expected late smartphones from 1H 2019 2019/early 2020

SA architecture will be supported by commercial chipsets and devices in 2H2019.

2018 2019 2020

19 © Nokia 2019 Public Customer comments MWC19 Breadth of portfolio and use case approach resonates with market needs

Orange CTO about Banaj Roy, VP from regulator Shaw Canada, marketing AVA : Rio, India: (CITC director): department about smart “We found that 30 % of “I have been at Huawei, have monetization: traffic is from Netflix and been at Ericsson, but now at Nokia is the only vendor who “I am impressed by Nokia I feel that you are “The smart plan suite has an e2e solution for showcasing real 5G analyzing and correcting video analytics deployable use cases and not is revolutionary.” automatically the quality of solution from AVA.” pitching the same things like experience.” other vendors.“

SBB, railway company Vodafone CTO group: Mrinalini, Verizon VP for NTT Docomo: about Nokia urban Likes the smart venue 5G smart communities: “Wow, you have smalls cells and optical LAN transit demo: “This is exactly the sort of already implemented a “The predictive demo very much as it gives Microservice based an e2e view. They solutions of integrated operations center we need to maintenance use case.. definitely want to show architecture? You are this really shows my tie together the different city really cloud native. that demo at an internal systems and make the smart pain point.” Vodafone event city function work Your core is great!” efficiently.”

20 © Nokia 2019 Salt Selects Nokia to upgrade its radio and mobile core network January, 2019

.Swiss provider Salt has signed a Letter of Intent (LoI) with Nokia to upgrade its radio and mobile core network, improving its existing 3G and 4G platforms and allowing it to launch 5G services.

21 © 2019 Nokia Public Nokia and Optus establish multiple world firsts with 5G roll out in Australia February, 2019

Nokia and Optus collaborate on first live 5G FWA network based on the 5G New Radio standard - 3GPP release 15 Deployment utilizes 60MHz channel in the 3.5GHz (n78) band Optus is the first operator in world to trial the FastMile 5G indoor gateway in a live network Optus is first to use Nokia FastMile solution to simultaneous stream multiple 4K video services to select

22 © 2019 Nokia Telenor Group and Nokia to pilot 5G capabilities in Denmark February, 2019

.Telenor Group and Nokia announced a joint trial in Denmark designed to verify 5G capabilities such as enhanced Mobile Broadband and Ultra-Reliable Low- Latency Communication for commercial use cases. Nokia will deploy AirScale base stations for piloting 5G in Telenor Denmark’s commercial radio access network and will also test new functions in the cloud-core network as part of the 5G pilot.

23 © 2019 Nokia Public Nokia and Saudi Telecom Co. (STC) sign deal for 5G network launch February, 2019

.Nokia and Saudi Telecom Company (STC) have signed a deal to deploy a 5G network with Nokia's end-to-end 5G solutions. Nokia's equipment, software and services will be used to set up a 5G network first in the western and southern part of Saudi Arabia, including the holy cities of Makkah and Madinah. The rollout phase is already ongoing and is expected to be completed by end of 2020.

24 © 2019 Nokia Public Nokia and U.S. Cellular sign multi-year 5G network modernization deal March, 2019

Nokia expands its relationship with U.S. Cellular with the signing of a five-year deal to modernize the company's network by providing its end-to-end 5G technology, software and services solutions. This will enable U.S. Cellular to deliver innovative services to its customers and expand into new customer and enterprise segments with 5G services and solutions. The new contract builds upon the 5G trial activities Nokia and U.S. Cellular have been engaged in during the last year. As part of the agreement Nokia will modernize and build out a 5G network for U.S. Cellular across its markets using 5G capabilities compliant with 3GPP 5G New Radio (NR) standards.

25 © 2019 Nokia A1 chooses Nokia as partner to deploy 5G in Austria March, 2019

.A1 and Nokia have signed a contract to expand next-generation 5G mobile communications in Austria. The contract includes both Nokia's 5G radio access and cloud-native 5G core technology. With this innovative network technology, A1 ensures seamless high- performance service and excellent user experience over wireless, fixed or converged networks, meeting the diverse and demanding network requirements for connecting people and things

26 © 2019 Nokia Public Nokia to help Ooredoo Qatar take 5G lead with its cloud native core May, 2019

.Ooredoo Qatar has selected Nokia to build a 5G cloud native core network to support delivery of enhanced mobile broadband services. Nokia's solution will be deployed in Ooredoo's state-of-the- art datacenters in Qatar's capital city Doha The cloud-based architecture for core network is scalable, agile and flexible, making it reliable and suitable for extreme mobile broadband and massive/critical machine communication services. Nokia AirFrame, CloudBand, voice and Cloud Packet Core VNFs, and Nuage Networks Software Defined Network (SDN) are being deployed in the core network.

27 © 2019 Nokia Public