Filtered By: Money

Nokia in talks with PHL firms to offer 5G solutions

Finnish technology firm Nokia Corp. said Tuesday it is in talks with companies in the Philippines 5G technology solutions for their businesses.

Nokia Philippines country head Andrew Cope said the tech company is “talking to a number of industries” at this point.

“I can’t, unfortunately, disclose … We’re hoping there will be some disclosures early next year,” Cope told reporters in a media roundtable in Makati City.

The Nokia official said he is optimistic that at least “two to three” local companies will be deployed with 5G technology solutions in 2020.

“The plan is to find an industry partner that understands and sees the potential of 5G in the industry space to build a use case … Not just a use case but a business case for 5G in the industry,” Cope said.

Cope declined to specify the industries. “I can’t get too specific,” he said.

Nokia is looking at “mining, ports, anything that requires personal or public safety, and automation industries” as key segments which will be heavily utilizing 5G technology.

“Some will be rolled out next year. How big and how far, I really cannot comment,” Cope noted. —VDS, —GMA News