Nokia Siemens Networks multimode radio wins European Bank Support
Published on: 29th Jun 2009
Note -- this news article is more than a year old.
Nokia Siemens Networks says that it has secured a EUR 250 million loan facility from the European Investment Bank for the development of its multimode Radio Access network technology.
The EUR 250 million facility will provide financial support for R&D in Europe which will build on Nokia Siemens Networks' multiradio technology platform. Nokia Siemens Networks' Flexi Multiradio Base Station allows communications service providers (CSPs) to use a single base station platform to support several technologies, including GSM, WCDMA/HSPA/HSPA+ and Long Term Evolution (LTE} - all running concurrently in a single unit.
"Nokia Siemens Networks has some of Europe's most talented and innovative developers working on radio access network products that are setting standards across the industry and we are delighted that the value of that work has been recognized by the EIB with this facility," said Luca Maestri, Chief Financial Officer of Nokia Siemens Networks.
Multimode Radio Access Equipment is a key requirement for developments in the field of mobile telecommunications, the so-called frequency re-farming. Frequency re-farming relates to the use of new technologies in GSM frequencies, as UMTS today and LTE in the future. Regulatory steps are being undertaken to allow this in the near future.
Nokia Siemens Networks' European Radio R&D is carried out in Finland, Germany, Poland and Italy.