Nokia and T-Mobile ink USD 3.5 billion 5G deal
Finnish telecommunications giant Nokia has signed its largest 5G agreement to date with T-Mobile, covering Nokia’s complete end-to-end 5G technology, software and services portfolio.
The multi-year agreement worth 3.5 billion dollars (approx. three billion euros) will help T-Mobile accelerate the deployment of its nationwide 5G network in the US.
Multiple products across Nokia’s end-to-end 5G solutions portfolio will be leveraged, including commercial AirScale radio platforms and cloud-native core, AirFrame hardware, CloudBand software, SON and 5G acceleration services.
“Nokia and T-Mobile will advance the large-scale deployment of 5G services throughout the United States,” says Ashish Chowdhary, chief customer operations officer at Nokia. “This is a testament to our companies’ strong and productive working relationship, one which has produced several important technological milestones in recent months, and which now allows us to make 5G a commercial reality.”
The low-latency connectivity of 5G will enable the introduction of such futuristic applications as driverless vehicles, on-demand virtual reality (VR) and augmented reality (AR), as well as smart city initiatives.
Nokia and T-Mobile aim to be at the forefront of the progress by developing 5G services for a wide range of industries including transportation, health, manufacturing, retail and agriculture.