Nokia awarded grant from the U.S. Government's Public Wireless Supply Chain Innovation Fund
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: GlobeNewswire
Press ReleaseNokia awarded grant from the U.S. Government's Public Wireless Supply Chain Innovation Fund Strengthens Nokia’s R&D presence in the U.S.Reaffirms Nokia’s leadership in developing open wireless ecosystem 18 December 2024Dallas, Texas – Nokia has been awarded a 45 million USD grant from the National Telecommunications and Information Administration (NTIA) Public Wireless Supply Chain Innovation Fund. The fund is a ten-year, $1.5 billion program dedicated to advancing open wireless network technologies. This grant will enhance Nokia’s existing investment in U.S.-based R&D with awarded funds directed to further strengthening capabilities in Open RAN. The awarded funds will accelerate Nokia’s efforts to drive the development of open and interoperable wireless communication networks with a focus on performance, resiliency, and security, reaffirming Nokia’s commitment to innovation and technological leadership. Ed Alfonso, Head of Mobile Networks, Americas at Nokia, said: “
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