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Nokia gets a €250 million loan from NIB for 5G research in Europe1 min read

Finnish telecommunications company Nokia has secured a €250 million loan from the Nordic Investment Bank (NIB) for its research and development related to 5G products until 2020, concentrating particularly on “developing new 5G-related end-to-end product offerings for different business areas,” the company stated in a press release. The loan has an average life of five years after the payment is made.

Nokia’s 5G research and development plan is said to focus on the implementation of IoT-related services, which allow for communication between different appliances, sensors, and actuators.

The post Nokia gets a €250 million loan from NIB for 5G research in Europe appeared first on Tech.eu.

Source: Tech.eu

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