Nokia obtained a substantial loan from the European Union to finance its research in the development of new technologies for 5G networks, and improving the existing ones, the Finns having very big plans. The loan worth 500 million dollars was offered to the Nokia company by the European Investment Bank of the European Union, everything being thought in the idea of ensuring a better future for the European continent.
Nokia currently has one of the largest portfolios for technologies related to 5G networks, and the European Union wants to strengthen the global position of the Finnish company. Those from Nokia are going to charge 3 euros for each 5G phone sold globally, all thanks to the massive investments made in research and development by the Finns, and the European Union wants to give it the opportunity to be at an advantage in the future as well .
EU: Nokia Receives BIG LOAN for Future 5G
Nokia is one of the largest producers of communication equipment for 5G networks, and the 500 million dollars will be of great help to develop new ones and improve the current ones. Nokia has long been at the forefront of companies that develop technologies for communication networks, and supply network equipment, the European Union having here the intention of keeping away the American and Asian companies in the field of innovation.
"We are pleased to land this financing commitment from the EIB, who shares our view of the revolutionary nature of 5G - and the realization that this revolution is already underway. Ensuring that Europe embraces and benefits from new technologies requires sustained investment. That is where the Investment Plan for Europe can play a crucial role."
Nokia is a company that can offer communication solutions for 5G when Huawei could be banned in Europe as well, something that has a high chance of happening, Ericsson also being a viable solution. Nokia has not yet announced what it will do with all the money offered by the European Union, but we will definitely find out in the next period how well the money from the authorities will be invested to ensure our future in terms of communications.
