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Nokia (NYSE:NOK) And Ericsson (NASDAQ:ERIC) Edge Huawei After Winning Contract To Build Singapore’s 5G Network

Nokia (NYSE:NOK) and Ericsson (NASDAQ:ERIC) have edged Chinese telecom giant Huawei to build Singapore’s 5G networks. Despite losing, the Chinese company may be part of the broader ecosystem build-up but at a limited capacity.

Nokia and Ericsson win to build Singapore’s 5G Network

Infocomm Media Development Authority gave the final approval to local telcos to start the building of the nationwide 5G network. Singapore Telecommunications (Singtel) and a StarHub and M1 joint venture won the right to build the country’s 5Gnetwokr in April, and the regulator finalized the contract in April. 5G is the latest high-speed network that will provide more bandwidth and enhanced data speeds to enable several technologies.

Singtel indicated that it had picked Ericsson as the main vendor of 5G SA Core, mmWave network, and RAN. On the other hand, the Starhub and M1 JV said that they had picked Nokia as the preferred tech partner in the build-up of its 5G network. According to sources, the JV may be exploring some network elements suppliers from Huawei, Nokia, and ZTE.

Singapore targeting 2025 for full deployment of 5G

The country’s communications and information minister S Iswaran stated that the 5G Final Awards brings to an end of a rigorous and solid CFP process. Iswaran added that with the finalizing of the award of contract, everything is now set to develop a resilient, secure, and world-class 5G infrastructure that will support the country’s digital economy. The minister added that the country is on track to have a 5G network by 2025.

The minister confirmed that the country didn’t prevent Huawei from taking part in its 5G infrastructure. He added that some of the telcos were willing to work with some Chinese companies like ZTE in developing some parts of the network. For instance, M1 indicated that it will work with Huawei to build localized 5G networks, while Starhub will rely on the Chinese giant to supply various network elements.

Published by Flavia Carruth

Hi, I am Flavia and have done my MBA with finance as specialization and a Bachelor in Economics with 4 years of experience as Financial Analyst in leading Software Firm. I have passion for article writing, report making and stock market Analysis.

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