INSUBCONTINENT EXCLUSIVE:
from the European Investment Bank (EIB) is supported by the European Fund for Strategic Investments (EFSI), which itself is a key element of
the Investment Plan for Europe.The move could be seen as a recognition from the EU of the importance of 5G networks, which will deliver
ultrafast speeds, high capacity and ultra-low latency, to European society.Europe 5G5G will power new applications in industry and
entertainment such as Virtual Reality (VR), connected cards and the Industrial Internet of Things (IoT), and supporting a European giant
could be a way of ensuring the continent receives the full benefits.The race to 5G is currently being led by the US and Asia with the first
commercial services set to go live later this year
Europe is further behind in the race due to fragmentation and challenging market conditions
The first commercial UK 5G services are expected to go live in 2020, with the government hoping its startup community and research
capabilities will earn it a leading role in development.Nokia plans to be one of the leaders in the telecommunications network equipment
space, competing with the likes of Huawei, Ericsson and Samsung
The Finnish firm believes its ability to offer end-to-end packages of radio and core network technology, as well as services, make it
commitment from the EIB, who shares our view of the revolutionary nature of 5G - and the realisation that this revolution is already
from new technologies requires sustained investment
research and development activities across multiple European countries to advance the development of 5G technology."
