Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Finland’s Nokia said on Monday that it has been selected by MTN South Africa for the first time ever as one of its 5G Radio Access Network equipment providers.

Under the agreement, Nokia will modernize the existing 2G/3G/4G radio network and expand MTN’s 5G radio network across 2800 sites in the central and eastern regions of the African country.

The Finnish technology giant will provide equipment from its next-generation, energy-efficient AirScale portfolio, which is powered by the firm’s latest generation of ReefShark chipsets, including 5G AirScale baseband, massive MIMO active antennas and remote radio heads covering all urban and rural scenarios.

“This significant contract with MTN strengthens our market position in South Africa and helps MTN deliver superior 5G experiences to its subscribers. Our industry-leading energy-efficient AirScale portfolio will improve the coverage and capacity of MTN’s network performance while contributing to reduced carbon emissions. We look forward to a long-lasting and successful partnership with MTN,” Tommi Uitto, President of Mobile Networks at Nokia, said in a press release.

The Finnish company is also establishing a training program to support digitalization in South Africa and across the entire continent. It is to focus on product development as well as developing entrepreneurship, Nokia said.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.4229-1.4412. The pair closed at 1.4359, surging 0.88% on a daily basis. It has been the 7th gain in the past 19 trading days and also the sharpest one since December 9th, when the pair added […]
  • Gold hits 3-week high on US debt worries, rate cut prospectsGold hits 3-week high on US debt worries, rate cut prospects Spot Gold extended gains to a fresh three-week high of $4,227.60/oz. on Thursday, underpinned by expectations of another interest rate cut by the Federal Reserve and concerns that the US government reopening will add to debt.Yesterday US […]
  • USD/SEK settles below 1-week high, posts weekly lossUSD/SEK settles below 1-week high, posts weekly loss The USD/SEK currency pair settled below recent high of 9.4464, its strongest level since September 26th, after data showed US services sector activity had unexpectedly stalled in September.The ISM Services Purchasing Managers’ Index […]
  • BMW to rethink timeline for electric Mini production in UKBMW to rethink timeline for electric Mini production in UK BMW Group said over the weekend that it would review its timeline for manufacturing all-electric Mini vehicles in Britain.In 2023, the auto maker had said it planned to invest 600 million pounds in the UK in order to make its Mini brand […]
  • DreamWorks Animation share price up, in talks over acquisition by SoftBankDreamWorks Animation share price up, in talks over acquisition by SoftBank According to people familiar with the situation, billionaire Masayoshi Sons SoftBank Corp. is in talks over acquiring DreamWorks Animation SKG Inc, the Hollywood studio behind the "Shrek", "Kung Fu Panda" and "How to Train Your Dragon" films. […]
  • UK shares surge, Imperial Tobacco up 3% on acquisition talksUK shares surge, Imperial Tobacco up 3% on acquisition talks Shares in the UK posted gains on Friday, trimming their weekly loss, as Imperial Tobacco Group rose 3%, following its announcement that it plans the acquisition of some assets and brands, owned by companies in the United States.The FTSE […]