Nokia lands 500 million Euro for 5G research
Nokia signed a 500 million Euro loan transaction with the European Investment Bank (EIB), supported by the European Fund for Strategic Investments (EFSI). Nokia will use the loan to further accelerate its research and development of 5G technology, the next-generation mobile telecommunication standard. 2018-08-27 15:04:38
The EFSI-supported loan from the EIB supports a key European technology provider, Nokia, that invests heavily in research, development and innovation (RDI) in an area which can produce enabling technologies for innovation and growth in Europe.
5G technology is expected to enable faster speeds, massive connectivity, decade-long battery life for sensors and super-responsive and reliable networks for customers. This could power on-demand virtual reality (VR) and augmented reality (AR) experiences, driverless vehicles, medical monitoring, advanced industrial automation services, and other applications - all requiring ubiquitous, low-latency connectivity.
Nokia′s end-to-end network proposition goes from the radio network to the internet protocol (IP) and optical networks for transmission, the packet core network, service platforms and all the software and services associated with the whole system. In essence, Nokia′s portfolio covers all the needs of a telecom operator that wishes to provide fully converged fixed-mobile communications services critical for the era of 5G.
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