Nokia is revamped and set to deliver the next-generation 5G technology and Internet of Things (IoT), reveals its show at the latest Mobile World Congress (MWC).
“We are planning to dramatically increase our investment in 5G this year and unleash the power of our massive innovation engine,” Nokia President and CEO Rajeev Suri announced to the media.
On the eve of MWC, Nokia announced a new 5G-ready AirScale radio access product to replace Flexi base station. It’s compatible with any technology, from 2G to LTE Advance Pro and 5G. The product has a new base station with enhanced baseband and RF elements, that is said to deliver a superior connectivity experience. AirScale radio access product consumes lesser energy than Flexi.
Besides AirScale, Nokia presented about its acquisition of a Canadian company Nakina that specializes in solutions for security threats. The acquisition will close in the first quarter of 2016.
Finally, Nokia announced the launch of a USD350 million IoT investment fund through Nokia Growth Partners, its private venture firm. With this fund, it will invest in companies primarily around the Connected Enterprise, Consumer IoT, Connected Car, Digital Health and the technologies that work on big data and analytics.
“We are already at the forefront of making 5G a reality and enabling massive capacity and massive connectivity – this is an integral part of our vision,” Suri said. “5G must happen fast because important IoT use cases demand it. If we know that 5G can help save lives, improve our environment, and make our lives better, we need to move faster, not slower,” he added.
Nokia’s recent acquisition of the network gear rival Alcatel-Lucent aims at cross-selling opportunities and making combined bid to customers around the world. Both the companies together made net sales of EUR 26.6 billion at the end of 2015. The companies showcased a combined R&D spend of EUR 4.5 billion in 2015 with over 40 000 researchers and scientists, and combined net cash of EUR 10 billion. “Progress with integrating Alcatel-Lucent is going smoothly and effectively, avoiding the organizational angst and infighting that have characterized earlier deals,” Nokia CEO Suri said.
“When you put Nokia and Alcatel-Lucent together, suddenly Nokia is in a dramatically different position with an addressable market that balloons to EUR141 billion. What we will be able to offer our customers – and their customers – is, simply, unparalleled,” he remarked.