KIANEWS 
Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024. The agreement is consistent with the assumptions Nokia has disclosed in the commentary with respect to Nokia Technologies long-term outlook in its Financial Report for Q1 issued on April 20, 2023.
GO in Malta chooses Nokia AVA charging to monetize 5G and IoT services
20. 07. 2023 Thursday / By: Robert Denes / Industrial / Exact time: BST / Print this page
N okia announced that AVA Charging Software-as-a-Service (SaaS) has been selected by GO, Malta's leading communications provider, to help accelerate time to value for new offerings for 5G and IoT use cases, expanding the commercial relationship between the two companies.
GO, Nokia's 5G RAN partner, is transitioning from Nokia's SurePay solution to AVA Charging SaaS, using on-demand software via subscription that facilitates rapid customer adoption and use, reducing time spent on software installation and configuration. Installation is currently in progress. In addition to reducing costs, Nokia's SaaS delivery model enables faster time-to-market for 5G and IoT services through no-code capabilities, TM Forum open APIs, and proven network integrations.
Nokia AVA Charging SaaS incorporates business intelligence from hundreds of customer mandates, accelerating the commercialization of new CSP services through automation and codeless charging configuration. CSPs can use it to monetize consumer services such as cloud gaming, as well as enterprise services in vertical markets including utilities, logistics and healthcare.
Kelvin Camenzuli, Chief Digital Officer, GO plc said: As GO plc is already successfully on the 5G journey with Nokia, and nationwide coverage is expected by the end of the year, we are excited to integrate Nokia's AVA SaaS-based codeless charging solution. We believe this will allow us to transform our charging systems for 5G and accelerate our monetization efforts, while providing greater value to our customers through faster introduction of innovative products and services.
Mark Bunn, Nokia's vice president of cloud and network services, said: We are delighted to take Nokia's valued partnership with GO plc to the next level with the launch of the AVA Charging SaaS. As more 5G services come online, CSPs and enterprises are increasingly recognizing the need to move away from custom software to the many benefits SaaS provides in the telecom space, including operational flexibility.
Via LinkErez Sverdlov, EVP of Nokia Cloud and Network Services, said: This is an important expansion of Nokia's relationship with GO plc and will allow us to work together to further develop the network's performance and capabilities, including by leveraging new monetization opportunities to provide GO subscribers with a superior 5G experience in a cost-effective manner.