The EIB invests 500 million euro for 5G development at NokiaAugust 27, 2018
Hat: The EIB invests 500 million euro for 5G development at Nokia
Funding Scheme: 2018-08-27
Pgm2014 2020: Yes
The European Investment Bank (EIB) has signed a 500 million euro loan with Finnish telecommunications company Nokia under the Investment Plan for Europe.
The EIB loan guaranteed by the EFSI will support Nokia in its research and development work on 5G technology, the next generation mobile telecommunications standard.
5G technology should enable higher speeds, massive connectivity, a ten-year autonomy for sensors and very responsive and reliable networks for customers.
Url description: Press room - European Commission
Url info description: Investment Plan for Europe: the Juncker Plan - Press release