Canada Reaches $40M 5G Deal with Nokia

5G Network

CBJ — Just recently Chinese officials warned Canada not to jeopardize a potential partnership with Huawei for developing 5G telecom networks in this country, or else there would be serious business consequences to follow.

Apparently Canada doesn’t take kindly to those types of threats and has moved on from a possible deal with the large Chinese enterprise and has instead struck a $40 million research and development contract with Nokia of Finland.

Tensions escalated between Canada and China following the December 1 arrest of Huawei’s Chief Financial Officer Meng Wanzhou in Vancouver at the request of the United States. As part of a retaliation process the Chinese have since detained several Canadians in that country for no apparent reason.

Huawei, Nokia and Sweden’s Ericsson are among the top contenders to help Canada’s telecom companies, including Rogers, BCE, Telus and Shaw build the country’s 5G mobile networks.

Canada’s Industry Minister Navdeep Bains finalized the agreement with Nokia at the World Economic Forum in Davos, Switzerland.

Meanwhile, Poland is set to exclude Huawei from its future 5G network in favour of European players following the arrest of an employee from the Chinese telecom company on suspicion of spying.

@CanBizJournal

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