🇫🇮 NIB supports Nokia’s 5G and 6G R&D investments
NIB has signed an 8-year loan agreement to co-finance Nokia Corporation’s investments in research and development in its Mobile Networks business group between 2024 and 2026.
The EUR 250 million loan will support Nokia’s efforts in developing 5G and 6G hardware, software, and systems-on-chip (SoC) across its Finnish locations in Oulu, Tampere and Espoo.
Nokia’s commitment to innovation is further supported by strong collaboration with Finnish universities and research institutions.
These initiatives aim to enhance productivity and drive advances in next-generation mobile networks. 6G is the next generation of mobile communication technology succeeding 5G, offering significantly faster, more secure, and higher-quality connections that seamlessly integrate the physical, digital, and human worlds. Nokia’s R&D programme will improve the energy efficiency of next-generation products and reduce their weight, lowering the lifetime carbon footprint of its products.
“Nordic Investment Bank and Nokia’s long-standing cooperation is based on our shared interest and commitment towards the advancement of research and development in Finland. This investment will keep Nokia at the forefront of 5G and 6G research helping us to create energy-efficient, market leading next-generation networks,” says Marco Wirén, CFO, Nokia.
“Supporting Nokia’s investments in 5G and 6G R&D underscores NIB’s commitment to supporting technical progress and innovation. By focusing on research and development in the telecom sector—connecting people and businesses—we are enabling advancements that have significant potential to increase productivity,” says André Küüsvek, President and CEO of NIB.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact
Harald Rokke, Director, Connectivity & consumer at NIB, and Country Lead for Norway,
+358 10 618 0286, [email protected]
Arild Moen, Associate Director, Communications at NIB, +358 10 618 0496, [email protected]
Originally published on 22 October by Nordic Investment Bank.
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