Nokia signs $3.5 bn 5G network deal with T

  • Nokia signs $3.5 bn 5G network deal with T

Nokia signs $3.5 bn 5G network deal with T

Neville Ray, Chief Technology Officer at T-Mobile, said: "We are all in on 5G".

T-Mobile and Nokia have formed a new $3.5 billion partnership to speed up deployment of a next-generation nationwide 5G wireless network.

According to the terms of the deal, Nokia will supply a range of 5G hardware, software and services that will allow T-Mobile to deliver broad coverage using the 600 megahertz spectrum and ultra high-speed capacity on 28 megahertz airwaves in urban areas. It has today announced a $3.5 Billion 5G network deployment deal with T-Mobile.

"This is reinforcing the fact that we see 5G accelerating to market in Q3 and ramping up in Q4".

To date telecommunications companies have resisted large investments in 5G, a technology that largely remains to be defined and which some firms have viewed as a means of achieving incremental upgrades to existing data services, rather than a platform for significant new features.

This was expected to unleash on-demand virtual reality and augmented reality experiences, driverless vehicles, medical monitoring, advanced industrial automation services, and so much more - all requiring ubiquitous low latency connectivity.

Both T-Mobile US and Nokia did not disclose the length of the agreement.

The two companies said that they would work together to develop, test and launch the next generation of 5G services, to provide enhanced services to enterprises, smart cities, utilities, transportation, health, manufacturing, retail and agriculture industries, and government agencies.

T-Mobile, which is the third-largest operator in the USA behind Verizon and AT&T, agreed to merge with rival Sprint in April.

Nokia, which licenses its name to smartphone manufacturer HMD Global, is one of the top providers of networking equipment world-wide.