• Privacy Policy
Tuesday, March 21, 2023
Data Centre & Network News
ADVERTISEMENT
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact
No Result
View All Result
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact
No Result
View All Result
Data Centre & Network News
No Result
View All Result

NIB financing Nokia’s 5G research and development program

Jessica Foreman by Jessica Foreman
January 30, 2019
in Networking
9 0
0
Share on FacebookShare on Twitter

The Nordic Investment Bank (NIB) and the Finnish multinational telecom company, Nokia, have signed a loan agreement totalling €250 million to finance research and development activities related to 5G mobile technology.

The loan, which has an average maturity of approximately 5 years after disbursement, is set to finance Nokia’s extensive research and development programme focused on fifth-generation (5G) activities in Europe in 2018–2020. The investment will be concentrating on developing new 5G-related end-to-end product offerings for different business areas.

5G is the next generation of wireless systems beyond the current 4G standards, providing a substantial increase in network capacity, reducing latency delays and enabling network slicing. Network slicing gives network operators greater ability to differentiate their services to match clients’ needs.

Nokia says its 5G research and development program also focuses on the implementation of the IoT machine-type communication between the thing’s humans have invented. In practice, this means a network of different devices, such as home appliances, vehicles and other electronics, being able to exchange data wirelessly.

“The business opportunities of 5G are numerous, as it will be the first mobile generation designed from the beginning for machine-type communication. Nokia’s research and development is likely to benefit not just the telecom sector, but also several high-technology operators in our member countries,” says Henrik Normann, NIB president & CEO.

“We are pleased to receive this financing commitment from the NIB, which shares our view of the revolutionary nature of 5G. This financing will further support 5G research and development in Europe and it bolsters the momentum we have already seen this year as the era of 5G begins,” adds Kristian Pullola, CFO, Nokia.

Tags: 4g5GNIBNokiaNordic Investment Bank
Share4Tweet2Share1

Related Posts

Fluke helps users make optimal fiber testing choices

Fluke helps users make optimal fiber testing choices

March 17, 2023
39
Arelion unveils new Prague PoP

Arelion unveils new Prague PoP

March 16, 2023
36
How to take the management costs out of WAN latency

How to take the management costs out of WAN latency

March 7, 2023
45
Neterra stopped nearly 500,000 DDoS attacks in 2022

Neterra stopped nearly 500,000 DDoS attacks in 2022

March 6, 2023
34
Towards autonomous networks – the foundation of digital business

Towards autonomous networks – the foundation of digital business

March 2, 2023
66
Spirent joins the Microsoft Azure Operator Nexus Ready program

Spirent joins the Microsoft Azure Operator Nexus Ready program

February 28, 2023
38
Next Post
Customer portal puts colo data centres & customers back in control

Customer portal puts colo data centres & customers back in control

Virgin Media is trialling blisteringly fast 8Gbps broadband in the UK

ADVERTISEMENT
nLighten signs Letter of Intent with City of Eschborn
Data Centres

nLighten signs Letter of Intent with City of Eschborn

March 21, 2023
32
Datum Datacentres wins Megabuyte award
News

Datum Datacentres wins Megabuyte award

March 21, 2023
32

Head office & Accounts:
Suite 14, 6-8 Revenge Road, Lordswood
Kent ME5 8UD
T: +44 (0)1634 673163
F: +44 (0)1634 673173

Data Centres

nLighten signs Letter of Intent with City of Eschborn

March 21, 2023
32
News

Datum Datacentres wins Megabuyte award

March 21, 2023
32
  • Privacy Policy

© 2023 All Things Media Ltd.

No Result
View All Result
  • Data Centres
  • Networking
  • Infrastructure
  • Data
  • Media Kit
  • Events
  • SUBSCRIBE
  • Contact

© 2023 All Things Media Ltd.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cleantalk Pixel
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.