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EU Tosses Nokia A Small Loan Of €500M, Tells It To Go Crazy With 5G R&D

posted by mrpg on Wednesday August 29 2018, @09:00AM   Printer-friendly
from the I-don't-even-know-4G dept.

A bot called Arthur has collected the following story from the RSS feeds:

The European Union reckons 5G R&D needs a boost – so it has slung a loan of €500m in the general direction of Finland.

Nokia, recipient of the loan from the European Investment Bank (EIB) and the European Fund for Strategic Investments (EFSI), hasn't identified specific goals for its development effort.

However, EIB president Alexander Stubb told Finnish newspaper Helsingin Sanomat that Europe needs to catch up with the countries it sees as the powerhouses of 5G – China and the USA.

[...] The loan comes in a climate increasingly hostile to Chinese giant Huawei, which is viewed with suspicion by the UK and US, and subject to an outright ban on competing for 5G projects in Australia.

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  • (Score: 0) by Anonymous Coward on Wednesday August 29 2018, @10:06AM (2 children)

    by Anonymous Coward on Wednesday August 29 2018, @10:06AM (#727737)

    I don't get where you get the "Nokia style"-comment. Nokia has been developing the previous technologies a lot, that's why they have such a big patent portfolio.

  • (Score: 2) by c0lo on Wednesday August 29 2018, @11:15AM (1 child)

    by c0lo (156) Subscriber Badge on Wednesday August 29 2018, @11:15AM (#727759) Journal

    Nokia has been developing the previous technologies a lot, that's why they have such a big patent portfolio.

    My point exactly.
    You don't get a big patent portfolio by following others and staring 5G now means they'd position themselves as followers..
    Don't get me wrong, they'll do 5G equipment just fine. Except they'll use the €500m R&D money for original R&D.

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