Business

Nokia secures €500million EIB loan for 5G research

Nokia has signed a €500 million loan transaction with the European Investment Bank (EIB), supported by key Investment Plan for Europe element, the European Fund for Strategic Investments (EFSI). The company plans to use the funding to further accelerate the research and development of 5G technology.

Huawei confirms Australia ban from 5G network

Huawei has issued a statement confirming that a ban is in place, preventing the company from providing 5G to the Australian market, in a move it calls ‘politically motivated’ rather than in the ‘long-term interests of the Australian people.’

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