Nokia signs its first official 5G equipment deal with NTT DoCoMo
The 5G antennas and related base stations act as the local connections between users of mobile phones and computing devices with the backbone of any operator`s network.
Finland`s Nokia said on Friday it signed its first major deal to supply new 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts nearly half of the country`s mobile subscribers.
The contract marks Nokia`s first sizeable deal for its flagship mobile base station equipment based on official global New Radio (NR) standards for the fifth generation of wireless networks, which were only finalised in December 2017. Financial terms were not disclosed.
The deal contemplates DoCoMo starting commercial 5G network service by 2020, in time for the Tokyo Olympics, Nokia said. Initial installations are expected in greater metropolitan Tokyo with a national roll-out to follow in subsequent years.
Nokia, a major supplier to DoCoMo in both the 3G and 4G network eras, has been working with the Japanese operator since at least 2014 on trials of 5G equipment, which promises far faster data rates, greater capacity and quicker response times.
The 5G antennas and related base stations act as the local connections between users of mobile phones and computing devices with the backbone of any operator`s network.
The new equipment also promises to enable DoCoMo to provide new services for autonomous driving, industrial automation and smarter homes by providing wireless links to millions even billions of wireless sensors. Nokia said it will work with DoCoMo to ensure a smooth transition from existing 4G networks.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
02:30 PM IST