Daily Management Review

Nokia to replace Huawei in UK 5G market


Nokia Corp has signed a deal with Britain's largest mobile operator BT Group Plc to supply equipment for 5G networks.

As part of the deal that will turn the Finnish telecommunications company into BT's largest infrastructure partner, Nokia will provide equipment and services at BT base stations across the UK, Nokia said in a statement.

According to CNBC, citing industry sources, Nokia will account for 63% of the entire BT network. Financial terms of the deal were not disclosed.

Nokia currently maintains the BT network in London, the English Midlands and some rural areas, but its influence is now expanding.

This will fill the void in the market following the ban on participation of the Chinese company Huawei Technologies Co. in the rollout of UK 5G networks.

In July, the UK government announced that mobile operators in the country would be forced to stop purchasing equipment from Huawei by the end of the year, and by 2027, Huawei equipment should be completely retired from 5G networks.

This decision, taken for reasons of national security, effectively put an end to the strong relationship between BT and Huawei, which was established back in 2005, according to the British television and radio company BBC.

source: bbc.com