Published: Thu, August 02, 2018
Electronics | By Kelly Massey

Mobile gives Nokia $3.5B award for 5G equipment

Mobile gives Nokia $3.5B award for 5G equipment

Nokia said on Monday it had signed an agreement to provide USA mobile carrier T-Mobile with 5G network gear and services worth three billion euros.

The multi-year deal is to see Nokia supplying 5G hardware, software and services that T-Mobile can use to exploit licensed 600 MHz spectrum and ultra high-speed 28 MHz capacity in densely populated urban areas, the companies said.

Ashish Chowdhary, Nokia's chief customer operations officer, said the two companies will advance the large-scale deployment of 5G services throughout the United States.

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

It is thought that the first 5G networks will go live in the U.S. later this year, with more rollouts in 2019.

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According to T-Mobile, 5G promises to enable faster speeds, massive connectivity, decade-long battery life for sensors and super-responsive and reliable networks for customers.

Nokia on Monday followed up the announcement by reiterating its outlook for 2018. Nokia and its Swedish rival Ericsson AB are in prime positions to benefit from investments in the new infrastructure as their main competitor, China's Huawei Technologies Co., is all but blocked from supplying equipment to USA carriers.

"We are all in on 5G", T-Mobile Chief Technology Officer Neville Ray said in a statement. T-Mobile and Sprint, are using 5G to win President Donald Trump's backing for their merger that will reduce the USA mobile market from four players to three.

The agreement with T-Mobile is key for Finland's Nokia, whose results have been affected by years of low demand from today's 4G networks and growing doubts from investors about whether 5G network contracts can begin to raise Profitability of the company later this year.

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