Tech Mahindra, Business Finland signed MoU for R&D in 5G, 6G

Tech Mahindra, Business Finland signed MoU for R&D in 5G, 6G

Tech Mahindra has now partnered with the Business Finland for the R&D in the 5G and 6G technologies.

Business Finland a government agency directed by the Finnish Minister of Employment and the Economy,

The Worldwide wireless 5G Network infrastructure revenue will touch $4.2 billion by the end of 2020, according to a recent Garner report. This is an increase of 89% jump from the previous financial year of 2019, with reported revenue of around $2.2 billion.

While most of the countries are struggling to have a reliable 4G network let alone a commercially viable 5G one, Finland is already thinking about the 5G. The company as of now has recently even hosted the world's first summit on the 6G technology.

The recent news of a tie-up with the Tech Mahindra comes just a day after the University of Oulu in Finland signed a Memorandum of Understanding(MoU) with the IT services major Wipro.

Executive Opinion

Chief Strategy Officer and Head of Growth, Tech Mahindra, Jagdish Mitra, said, "The Finnish technology ecosystem is one of the most progressive in Europe. Their strategic focus on building ‘technologies for the future’ has been the cornerstone, and the initiative towards developing 6G technology and further working on 5G use-cases aligns well with our TechMNxt charter, which is our global initiative to leverage future technologies to solve real business problems. Our collaboration with Business Finland and the newly setup Innovation Centre will enable us to leverage their expertise in this space and establish us as a globally recognized leader in 5G and 6G."

Executive Director, Invest in Finland, Business Finland, Antti Aumo, said, "Finland has an active co-operation between the public and private sectors, combined with an active start-up scene and innovative testbeds. Innovation and investments in RDI have a huge direct linkage to economic productivity and employment growth, and Tech Mahindra´s decision to set up an innovation lab in Finland is excellent news for Finland and for Finnish companies, universities and research organizations."

More on Tech Mahindra collaboration

Tech Mahindra will develop, implement and pilot the state of the art digital products and services to boost the growth, innovations, and productivity in the area of 5G and 6G, notes the announcement.

The MoU was signed by the Timo Harakka, Minister of Employment, Finland and Jari Gustafsson, Permanent Secretary of Economic Affairs, Finland at the Tech Mahindra Noida campus.

Tech Mahindra will also set up an innovation lab in Finland to foster growth and innovation, says the announcement.

5G Recent Developments

In a recent development, Nokia won a 5G network deal with Vodafone New Zealand. The first commercial 5G network will be offered in New Zealand by Vodafone New Zealand. In June 2019, Ericsson teamed up with Telefonica Germany to enable 5G car production using a private 5G network for Mercedes-Benz.

In August, Amdocs acquired the TTS Wireless for $50 million in cash to bring the combination of TTS Wireless field-proven 5G network planning services to the Amdocs Open 5G portfolio. Earlier this year, Infosys also launched new 5G offerings to help clients ideate and bring new economies to life with 5G technology.

This month, Zain, Bahrain, has selected the Ericsson to build its 5G network. The commercial 5G services expected to go live by the end of this year.

PC: Pablo, Unsplash

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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