Ottawa to host Nokia 5G transition project

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Ottawa will host a Nokia project for the transition to 5G

5G promises to deliver 10 times the data speed of 4G and power the Internet of Things (archives).

Telecommunications company Nokia Corporation plans to expand facilities and upgrade labs in the Kanata area of ​​western Ottawa to transition to 5G wireless technology.

The project, valued at $770 million, has received support from the federal government, which will invest $340 million in this initiative, Prime Minister Justin Trudeau announced Monday morning at a press conference.

5G wireless networks play an essential role in many aspects of our lives, such as work, the purchases we make online, and communications with our loved ones, explained Mr. Trudeau.< /p>

Justin Trudeau was accompanied by his Ontario counterpart, Doug Ford, on Monday morning.

The Prime Minister of Canada has indicated that the project partially funded by his government aims to advance research and development for 5G technology.

Effective networks are also important if we want to make progress in sectors such as clean technologies, medicine and agriculture, he added.

The federal government projects that 5G wireless technology will generate $40 billion per year in the Canadian economy over the next four years.

Mr. Trudeau was accompanied by his Ontario counterpart, Doug Ford, and the outgoing mayor of Ottawa, Jim Watson.

This significant investment by Nokia is yet another testament to the fact that there is no better place for business expansion and job creation than here in Ontario, Premier Doug Ford commented by via press release.

The province is providing Nokia with a $30 million loan for this project through Ontario Investments.

Nokia President and CEO Pekka Lundmark says in a statement that his company is helping to strengthen Ontario's leadership position in technology.

This research center -sustainable and world-class development will be among Nokia's most dynamic developments and will create cutting-edge innovations and solutions to advance the global technology ecosystem, he says.

Nokia's expansion is expected to create more than 340 jobs in Ottawa and surrounding region, estimates the province.

When it's all over, in 2027, Nokia is expected to employ more than 2,500 people in Ontario and create 100 additional intern positions in science, technology, engineering, arts and math, to allow more students to benefit from the training needed to enter the job market l, adds the Ontario government.

With information from The Canadian Press

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