 "Canadian govt to provide $30 million in funding to Nokia for 5G research")
The Canadian government will provide C$40 million ($30 million) in funding to telecom network equipment maker Nokia for research on 5G wireless technology.
The funding to Finland-based Nokia will help understand how data is routed, how optical networks are managed and cybersecurity, a spokeswoman for the office of minister of Innovation, Science & Economic Development said in an email on Thursday.
The deal will be announced on Friday.
Canada is currently studying the security implications of 5G networks, but unlike some allies has not announced that equipment from China's Huawei Technologies Co Ltd will be excluded.
Ottawa is also locked in a bilateral dispute with China after Canadian authorities arrested Meng Wanzhou, chief financial officer of Huawei, on a US extradition request.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app