➀ Nokia, Windstream Wholesale, and Colt Technology Services have established an 800 Gigabit Ethernet (800GbE) service trial between London and Chicago. The trial, spanning an 8500km route, utilizes 1Tbps optical transport. It tests the limits of wavelength, capacity, speed, and latency. The trial connects Colt's transatlantic subsea cable with Windstream Wholesale's domestic U.S. low latency optical network. It employs Nokia's PSE-6s coherent optics and 7750 Service Router platforms. ➁ The 800GbE service doubles the capacity to support advanced network applications such as AI data center networking, content delivery networks, and financial data hub connections.

➀ The Optical Transport equipment market saw a 19% year-over-year decline in Q2 due to excess inventory, project delays in Asia Pacific, and weak economic conditions. ➁ The inventory correction, which began in late 2023, is expected to continue for at least another quarter. ➂ The market outlook for 2024 has been revised downward, with a forecasted 8% decline in the Optical Transport equipment market.

1. The Optical Transport market is expected to grow at a 2% CAGR over the next five years. 2. The decline in 2024 is attributed to customers pausing purchases to manage excess inventory. 3. Demand for data center interconnect (DCI) is forecast to increase annually, with significant growth in long haul deployments.