5G Network

Here’s what Nokia’s new CEO needs to do to win the 5G race and boost shares

Incoming Nokia boss Pekka Lundmark has a challenging task ahead of him when he takes the reins of the struggling Finnish telecom equipment maker in September: catch up and win the global 5G race.

Nokia NOK, -2.45%, which on Monday announced the resignation of chief executive Rajeev Suri, is facing intense competition and rising costs in a battle to get its 5G networks up and running. Lundmark has been chosen as the CEO to turn the company’s fortunes around, a move that has drawn praise from some analysts. read more

Why only one-quarter of the world will get true 5G wireless, McKinsey says

The wireless industry is spending tens of billions dollars annually to install superfast 5G networks, but the first wave of the technology isn’t likely to reach most people in the next decade, according to a new report from consulting firm McKinsey.

At a total cost of $700 billion to $900 billion, the initial installations of 5G will cover 25% of the world’s population by 2030, or about 2 billion people, the report predicts. The coverage will be largely in wealthy and developed areas in the U.S., China, and Europe. read more

Samsung joins Ericsson, Nokia as 5G vendors for U.S. Cellular

Samsung Networks

U.S. Cellular has awarded Samsung Electronics a commercial agreement to supply LTE and 5G network solutions.

According to Samsung, the new agreement establishes terms under which U.S. Cellular can purchase Samsung’s commercially proven network solutions, including 5G New Radio (NR) technology, to help U.S. Cellular deliver next-generation service.

“We are excited at the prospect of working with Samsung to extend groundbreaking 4G LTE and 5G technology to our customers, expanding what is possible in consumer experiences and business applications,” said Mike Irizarry, EVP and CEO at U.S. Cellular, in a press release. read more

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