More 5G network equipment suppliers would be good for industry
Add BT as a preferred sourceSINGAPORE'S announcement that its fifth-generation mobile telephony (5G) network would be built by Nokia and Ericsson has been part of several recent wins by the two European telecom companies.
Nokia also announced that it won a 400 million euro contract to supply Taiwan Mobile with 5G equipment. These wins have been quite a coup for the two technology giants who have been struggling with less-than-stellar balance sheets for quite some time.
The global 5G telecom network equipment market has been seen as a three-horse race with Chinese firm Huawei along with Nokia and Ericsson locked in competition. However, things have changed quite significantly in recent months.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
