Nokia 5G development: Secures 500 million euro EU loan

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Finnish telecom network equipment maker Nokia moved fast with the 5G so, it secured a 500 million euro loan from the European Investment Bank. The money will be used to step up the Nokia 5G development of next-generation R&D technology.

Nokia is a fast technology development company so understand that China and North America is the largest market of the 5G market. Nokia 5G network is 100 times faster than current 4G networks.

Nokia 5G development
Nokia 5G development

The company last month announced $3.5 billion deal with U.S. mobile carrier T-Mobile. The company wants opening up a new software development centre, hiring several hundred new workers for 5G technology research.

Nokia made to build T-Mobile’s 5G network connection. It connection work on both the 600 MHz and 28 GHz millimetre wave portions of the spectrum. Recently Nokia 5G development announced a flat, 3 euro ($3.48) per-device licensing fee for its 5G standards.

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