Stories
Slash Boxes
Comments

SoylentNews is people

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
EU Tosses Nokia A Small Loan Of €500M, Tells It To Go Crazy With 5G R&D | Log In/Create an Account | Top | 23 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Wednesday August 29 2018, @10:48AM

    by Anonymous Coward on Wednesday August 29 2018, @10:48AM (#727745)

    I expect an American wireless company to try to buy Nokia so they can directly influence the 5G development and rollout in the EU. The EU is a big market, and as a bonus there are a lot of lucrative patents to be had.