KIANEWS India's steps towards next-generation digital infrastructure
14. 03. 2023 Tuesday / By: Robert Denes / Industrial / Exact time: BST / Print this page
F innish telecommunications equipment maker Nokia predicts that the private 5G network market in India will generate $240 million in sales by 2027, with more than 2,400 locations nationwide. Nokia wants to beat its competitors and take the lead in this sector.
At the meeting between Prime Minister Narendra Modi and Pekka Lundmark, CEO of Nokia, the new generation digital infrastructure being developed in India was discussed. According to NDTV, PM Modi claimed in a tweet that his meeting with the Nokia CEO was "fruitful" and focused on technology.
"Fruitful meeting with Mr. Pekka Lundmark, where we discussed aspects related to technology and its utilization for the welfare of society. We also discussed the steps India has taken to build next-generation digital infrastructure," PM Modi tweeted.
It was an honor to meet with Prime Minister Modi to discuss how Nokia is helping India roll out 5G, the next phase of its digital transformation, and its aspirations for 6G, Pekka Lundmark said on Twitter.
Nokia is hoping to outpace competitors and seize the initiative in India's private 5G network market, which it predicts will generate $240 million in revenue by 2027 and more than 2,400 sites nationwide.
The mint quoted Amit Marwah, chief marketing officer, Nokia India, as saying, “We are a leader in private networks globally and have over 500 installations globally. This business is growing very fast and we are seeing a similar trend in India as well.”
India is expected to invest $240-250 million in private wireless networks by 2027, according to Nokia Mobile Broadband Index research published in February 2023.
Before finalizing its plan to allocate 5G transmissions to businesses over private 5G networks, the government needs to decide on bands of airwaves and the cost of transmissions delivered to them, without an auction.
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