The money is expected to help Nokia, the Finnish telecom giant, create 237 new positions and support 2,000 jobs already in Canada. (Canadian Press)
The money is expected to help Nokia, the Finnish telecom giant, create 237 new positions and support 2,000 jobs already in Canada. (Canadian Press)
The money is expected to help Nokia, the Finnish telecom giant, create 237 new positions and support 2,000 jobs already in Canada. (Canadian Press)
Talking point: The potential benefits of Nokia’s research—which could help Canadian telecoms get faster, more reliable connections for smartphones—are months, if not years, away. Meanwhile, the U.S. is ramping up pressure on its allies to limit their involvement with Huawei—if Canada agreed, it would cost Bell and Telus about $1 billion to remove the company’s equipment from their networks. Every other Five-Eyes nation has done so—and U.S. universities are now removing Huawei telecom equipment from their institutions—yet Canada is still months away from a decision. Canada’s delay is perfect for a company like Nokia, which provides 5G technology that is significantly more expensive than Huawei’s. One way for companies to access it is to have the federal government subsidize the price.
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