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ST Engineering, Nokia to cross-sell in key tech areas like 5G, IoT

MAINBOARD-LISTED ST Engineering and Finnish telecom firm Nokia have entered into a partnership agreement to cross-sell their solutions - including in key areas like 5G, the Internet of Things (IoT), analytics and automation - to their Asia-Pacific customers.

This joint solution portfolio will place both companies in a better position to pursue untapped business opportunities, while customers benefit from a comprehensive set of technology and connectivity solutions, ST Engineering said in a media statement on Thursday.

ST Engineering will resell Nokia’s internet protocol (IP), optical networking and wireless broadband solutions – such as 5G, last-mile connectivity and analytics.

In turn, Nokia will incorporate ST Engineering’s Very Small Aperture Terminal (VSAT) and cybersecurity solutions into its global project offerings.

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The partnership covers markets including Singapore, Malaysia, Thailand, Vietnam, Philippines, Indonesia, Taiwan, Australia and New Zealand.

There are plans to expand the joint portfolio beyond the Asia-Pacific region in the future, ST Engineering said.

Shares of ST Engineering were trading down two Singapore cents or 0.5 per cent at S$3.98 as at 11.02am on Thursday.