“We are going to invest more in 5G, we are going to invest in cybersecurity, we are going to invest in connectivity software in general,” Nokia’s global CEO Pekka Lundmark told The Logic in an interview. By the time the new facility opens in 2026, he said, 6G wireless technology will be well underway, and “I certainly expect this to be one of our key sites when we manage this evolution.” (The Logic)
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“We are going to invest more in 5G, we are going to invest in cybersecurity, we are going to invest in connectivity software in general,” Nokia’s global CEO Pekka Lundmark told The Logic in an interview. By the time the new facility opens in 2026, he said, 6G wireless technology will be well underway, and “I certainly expect this to be one of our key sites when we manage this evolution.” (The Logic)
Talking point: The redevelopment—which includes non-Nokia components that bring its estimated value to $770 million—is to expand lab space on Nokia’s property in suburban Kanata and will lead the company to hire over 340 more staff and take in 100 to 400 additional co-op students each year. The Ontario government is lending Nokia $30 million for the project and Prime Minister Justin Trudeau said at the announcement that the federal government is seeking to support Nokia with up to $40 million from the Strategic Innovation Fund.
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