logo
Plus   Neg
Share
Email

Nokia Selected By Taiwan Mobile As Supplier Of 5G Network - Quick Facts

Nokia (NOK) announced the company has been selected by Taiwan Mobile as the sole supplier of its 5G network. The three-year framework deal is worth approximately 400 million euros. The initial phase of the deal begins this month with the deployment of 5G non-standalone with the aim of migrating to 5G standalone within a three-year period.

Under the deal, Nokia will provide Taiwan Mobile its 5G RAN portfolio including its Nokia AirScale Radio Access products. Also, Taiwan Mobile will utilize several Nokia Software solutions spanning cloud and security services, as well as network optimization and management for 5G RAN, 5G Core and 5G IMS.

Nokia is a longstanding partner of Taiwan Mobile and has previously provided its 2G, 3G and 4G mobile networks.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of BMW AG were losing around 5 percent in German trading after the luxury car maker reported Wednesday a loss in its second quarter, compared to prior year's profit as demand was hit hard by coronavirus pandemic. Looking ahead, the company said it is cautiously optimistic for second half of the year, and reaffirmed fiscal 2020 outlook. Billionaire Richard Branson's Virgin Atlantic has filed for Chapter 15 bankruptcy protection in the United States after being hit hard by travel restrictions due to the coronavirus pandemic. The process is part of the British airline's restructuring plan as it is seeking a 1.2 billion pounds rescue deal in the U.K. The airline also filed a proceeding in the high court in London for its restructuri Humana Inc. (HUM) reported second quarter adjusted earnings per share of $12.56 compared to $6.05, previous year. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $10.27, for the quarter. Analysts' estimates typically exclude special items. Second...
Follow RTT