With 5G deployment efforts garnering momentum throughout the world, 5G equipment suppliers are witnessing lucrative opportunities.

According to recent reports, Finnish Shared Network Limited (SYV) has selected electronics and telecom giant Nokia as a supplier of 5G radio network equipment along with deployment and managed services.

As per the deal, Nokia will upgrade SYV’s current (RAN) equipment, offer comprehensive managed services, and provide digital deployment services for faster time to market over the course of the next few years.

The upgraded network will apparently allow SYV to deliver advanced 5G services in cost-effective manner across northern and eastern parts of Finland. The modernization, which is primarily driven by 5G deployment, will also allow SYV to enhance its current 2G, 3G, and 4G capabilities and future-proof its infrastructure for next-generation digital services.

The deal will see Nokia provide network upgradation, network implementation, monitoring, and field maintenance services in more than 50% of Finland across northern and eastern parts of the country.

Tommi Uitto, President of Mobile Networks at Nokia, seemingly believes that Nokia’s portfolio of products and services is ideal for organizations looking to capitalize on latest technology trends.

Reportedly, Nokia will also be responsible for deployment and management of the new infrastructure, supporting a range of new operating capabilities and business models that will allow SYV to optimize reliability, efficiency, and cost of operations while enhancing overall service and network performance.

Also read: Nokia enters 5G solutions supply deal with Taiwan Star Telecom

As part of deal, the Finnish smartphone maker will also upgrade operating support systems and reporting systems, sources familiar with the matter reported.

SYV CEO Antti Jokinen was quoted saying that the company selected Nokia for its expertise and global presence in the market along with the comprehensive range of secure and sustainable solutions it offers.

Nokia’s extensive set of managed services and global presence would help SYV future proof its infrastructure investments, Jokinen noted, further adding that the team looks forward to working with Nokia to deliver 5G-enabled services in a reliable and efficient manner in the near future. 

The modernization and deployment of the new infrastructure is slated to begin in early 2021 and is likely to be completed by the end of 2023.

Source: https://www.nokia.com/about-us/news/releases/2020/10/26/nokia-wins-5g-deal-with-finnish-shared-network-syv/