Nokia and EDC partner to advance Canada's 5G contributions
Export Development Canada (EDC) will provide financing and insurance solutions to Nokia's global customers to boost export of technologies and products
Three-year partnership represents a combined commitment to furthering innovation, driving impact for Canada's economy domestically and internationally, and a shared alignment for inclusion, diversity and equity
26 July 2021
Ottawa, Ontario, Canada - Nokia and Export Development Canada (EDC) today announced an expanded global partnership aimed at investments in 5G and the next generation network infrastructure for global deployment.
EDC, a Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage, will deploy a full suite of finance and insurance solutions to help Nokia and Nokia Canada compete and win business, while enabling companies around the world to build out their network infrastructure and enable greater broadband access. The agreement will also focus on introducing innovative Canadian companies to Nokia to help deepen the Canadian supply chain.
Under EDC's new Global Corporate Partnership program, the expanded partnership will help Nokia sustain and grow its leading-edge Canadian R&D facility to further develop the ecosystem of suppliers and solution partners. EDC will also assist in advancing Nokia's community and social initiatives in Canada. Examples include collaboration on efforts to close the gender gap in tech and working with EDC's inclusive trade group to support indigenous trade.
Nokia has a key presence in Canada and is delivering positive impact on Canadian employment, investment, and overall value creation. One of Nokia's largest R&D sites globally is in Ottawa, Ontario, and employs more than 2,300 people in high-tech jobs and its university co-op program employs 400 students from across the country.
Sven List, SVP Trade Connections of EDC, said: EDC is committed to growing Canada's exports by introducing innovative Canadian companies to Nokia, helping the Canadian supply chain within the company grow while responding to international business opportunities. We're excited to partner with Nokia as they invest in 5G and the next generation network infrastructure, strengthening Canada's position as a leader in high tech resulting in an increase in high value employment and further follow-on benefits within this important sector. We look forward to working closely with Nokia, a company that harnesses strong environment, social and governance principles delivered in Canada and abroad.
Canada represents an important market for Nokia. As reported in the June 2021, Government of Canada State of Trade 2021 - A Closer Look at Foreign Direct Investment (FDI) foreign multinationals like Nokia represent an important post-pandemic opportunity in Canada's recovery accounting for 12% of all Canadian employment, 15% of gross domestic product and over 60% of trade in goods and services.
Jeffrey Maddox, President of Nokia Canada, said: Nokia and EDC share a commitment to job creation, economic expansion and environmental sustainability in Canada. Nokia's R&D facility in Ottawa has developed technologies that have been incorporated into solutions for 5G, network security, fiber optic systems, and broadband access networks. These technologies, developed in Canada, are now being used by major carriers, governments and enterprises in Canada and globally. With the support of EDC, Nokia will help boost export of products and technologies developed in Canada by Canadians.
About Nokia
At Nokia, we create technology that helps the world act together.
As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.
Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.
About EDC
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need - the trade knowledge, financing solutions, equity, insurance, and connections - to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC's domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically.
For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.
Media Inquiries:
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com
Media
Export Development Canada
Phone: 1-888-222-4065
Email: media@edc.ca
Share
Nokia and EDC partner to advance Canada's 5G contributions
26/07/2021
| LINK: | https://www.nokia.com/about-us/news/releases/2021/07/26/nokia-and-edc-... |
| See more stories from nokia |
Europe Stories
20/09/2021
Circular economy: Bringing the intellectually ambitious concept to life
Chances are, most things that currently surround you have been produced following the principles of the linear economy. From the clothes that you wear to the ph...
20/09/2021
Sky celebrates the return of Never Mind the Buzzcocks with a star-studded LIVE Identity Parade'
To celebrate the return of the iconic pop culture panel show, Never Mind the Buz...
20/09/2021
Sky and Love Nature expand content partnership into Germany and Italy giving customers access to Sky Nature
Love Nature, a wildlife and nature brand with linear and streaming channels avai...
20/09/2021
Nokia and DigitalC to provide internet connectivity to thousands of underserved homes in Cleveland, Ohio using Private LTE
Nokia and DigitalC to provide internet connectivity to thousands of underserved ...
20/09/2021
Tongbo Opens CODA Audio Facility In Beijing
More than a hundred industry partners and members of the media recently attended the opening of the CODA Audio Beijing Operations Centre. The Centre which took ...
20/09/2021
Germany's Studio Babelsberg to expand, invest in new technologies
Studio Babelsberg is one of Europes biggest studio facilities, with 21 sound stages By Jenny Priestley Published: September 20, 2021 Studio Babelsberg is on...
20/09/2021
Netflix, Aviva Investors partner to expand Longcross Studios
The partnership is expected to significantly increase the breadth and calibre of production facilities, said the two companies By Jenny Priestley Published:...
20/09/2021
ARRI launches multiple challenges to validity of lighting effect patents in view of myriad prior art
ARRI launches multiple challenges to validity of lighting effect patents in view...
19/09/2021
VuWall Reduces Video Wall Integration Time and Increases Operator Efficiency With TRx Version 3.1
VuWall Reduces Video Wall Integration Time and Increases Operator Efficiency Wit...
18/09/2021
Sky and NOW launch official trailer for Succession Season 3
Ahead of its much-anticipated return to TV screens, Sky and NOW today launch the official extended trailer for Succession Season 3. A Sky exclusive in the UK an...
18/09/2021
How to create Virtual Sets with Mistika Technology
Published On: September 17th, 2021 -- -- -- -- width=1920 height=1080 class=wp-image-0 lazyload data-orig-src=https://www.sgo.es/wp-content/uploads/VS...
17/09/2021
Nokia and Indosat Ooredoo launch 5G network in Indonesia
Nokia and Indosat Ooredoo launch 5G network in Indonesia Press Release Nokia and Indosat Ooredoo launch 5G network in Indonesia Nokia's latest 5G AirSc...
17/09/2021
The awards are still on! Best in Market nominations open
Submission deadline extended to 7th October By Jenny Priestley Published: September 17, 2021 Updated: September 20, 2021 Submission deadline extended to 7...
17/09/2021
Dutch government relaxes travel and social distancing restrictions
IBC Show organisers say decision means they can stage event as close to business as usual' as we could hope for in the current environment By Jenny Priest...
17/09/2021
It must have been a difficult decision: Industry reacts to NAB cancellation
TVBEurope hears from key industry figures about the decision to cancel NAB Show 2021 By Jenny Priestley Published: September 17, 2021 TVBEurope hears from k...
17/09/2021
Eurovision Sport and IMG ensure widespread coverage of centenary UCI Road World Championships
Eurovision Sport and IMG ensure widespread coverage of centenary UCI Road World ...
16/09/2021
Our Fashion Week Round-Up of Fashion & Beauty Work Across Technicolor Creative Studios
Discover Luna Rossa Ocean, the New Fragrance by Prada Mikros MPC teams provided ...
16/09/2021
September 2021 Update to Emtree(R) Now Available on STN
The latest version of the Emtree thesaurus launched in Embase on STN on September 12, 2021. Emtree remains a great resource for the latest terminology in biomed...
16/09/2021
Sky Studios and Birmingham Repertory announce final writers for Sky Comedy Rep
Partnership between Sky Studios and Birmingham Repertory Theatre aims to discover and develop new comedy writing talent from across the UK Over 750 people app...
16/09/2021
Cross-industry CEO Alliance backs EU plan to cut carbon emissions by 55% by 2030
Home News & Press Releases Spokespeople Assets Blog Contact us Cross-industry CEO Alliance backs EU plan to cut carbon emissions by 55% by 203...
16/09/2021
New Digital Services from Schneider Electric use Condition-Based Maintenance to Pinpoint Operational Risks and Create Business Resilience in Ireland
Home News & Press Releases Spokespeople Assets Blog Contact us ...
16/09/2021
New Digital Services from Schneider Electric use Condition-Based Maintenance to Pinpoint Operational Risks and Create Business Resilience in the UK
Home News & Press Releases Spokespeople Assets Blog Contact us ...
16/09/2021
Schneider Electric launches GenieEvo Connected - Air-Insulated Switchgear with Scalable Connectivity
Home News & Press Releases Spokespeople Assets Blog Contact us ...
16/09/2021
Schneider Electric reaches number 1 spot for sustainability in its sector by ESG rating agency Vigeo Eiris
Home News & Press Releases Spokespeople Assets Blog Contact us ...
16/09/2021
Rohde & Schwarz work to promote technology and solutions in the Americas following NAB withdrawal
Rohde & Schwarz work to promote technology and solutions in the Americas followi...
16/09/2021
Riedel Intercom Systems Give Brooklyn's Renowned BRIC Arts Media Agility in Managing Productions and Events
Wuppertal September 16, 2021 Riedel Intercom Systems Give Brooklyn's Renow...
16/09/2021
It's A Sin wins New Drama at the National Television Awards
It's A Sin won in the New Drama category at the National Television Awards. Star of the show, Olly Alexander said when accepting the award: Thank you so ...
16/09/2021
Is Your New Smart Oven Really Smart or a Handy Door Through Which Hackers Gain Entry?
By Tim Pearson, Senior Director, Product Marketing I recently visited a friend&...
16/09/2021
ITN pays tribute to former ITV News editor Geoff Hill
ITN today pays tribute to former ITV News Editor Geoff Hill, who has passed away following a long period of illness. A highly talented and passionate journalis...
16/09/2021
From Company 3: Company 3 London hires world renowned Colourist Jean-Clment Soret and Executive Producer Ellora Soret
Company 3 have announced the hire of world-renowned Colourist Jean-Cl ment Soret...
16/09/2021
Well-oiled machine in the Formula 1 circus
Well-oiled machine in the Formula 1 circus Broadcast Rental feels at home on Circuit Zandvoort From 2016 Broadcast Rental company has had strong ties with the...
16/09/2021
LEGENDARY CEO, PRODUCER, AND WRITER SHONDA RHIMES TO KEYNOTE BRIGHTCOVE PLAY 2021'
All Press ReleasesShare All Press Releases LEGENDARY CEO, PRODUCER, AND WRIT...
16/09/2021
Banijay Italia Scores First International Version of Star in the Star
Banijay today confirms Canale 5 has commissioned Banijay Italia to produce a primetime run of Star in the Star. This marks the first international adaptation of...
16/09/2021
Arts Alliance Media Powers San Sebastian International Film Festival for the Seventh Consecutive Event
Arts Alliance Media (AAM), the global leader in digital cinema software and supp...
16/09/2021
The Poisoning: an AFP documentary podcast on the Navalny saga
Alexei Navalny is arguably the most divisive figure in Russian politics, and certainly President Vladimir Putin's most determined and well-known opponent. H...
16/09/2021
When disaster strikes, head to the cloud
Imagine Communications Michael Rebel explains why replicating a primary playout centre in the cloud can helps broadcasters if disaster strikes By Contributor ...
16/09/2021
SONY WORLD PHOTOGRAPHY AWARDS 2022 JUDGES AND UPCOMING EXHIBITION DATES ANNOUNCED
The World Photography Organisation is delighted to announce the judging panel fo...
16/09/2021
MovieLabs publishes Ontology for Media Creation
The conceptual framework and set of defined terms enable both people and software to communicate with greater data interoperability By Jenny Priestley Publish...
16/09/2021
DAZN possibly' interested in acquiring BT Sport
Kevin Mayer told the RTS Cambridge Convention Mayerits really quiet in terms of talks around a potential acquisition of the broadcaster By Jenny Priestley Pub...
16/09/2021
News UK to launch new TV channel
talkTV will offer a mix of programming including hourly news bulletins, sports and entertainment shows as well as current affairs, debate, opinion and documenta...
16/09/2021
Allen Broome appointed MediaKind CEO
Broome has been with the company for the last two years leading the research and development team as CTO By Jenny Priestley Published: September 16, 2021 Up...
16/09/2021
Ciarn Hinds & Clare Dunne, Miriam Mullins, Jack Woolley, Catherine & Aidan Corless, Wallis Bird, Culture Night and The Three Amigos
On this Friday night's Late Late Show Stars of the new hit TV drama KIN, C...
16/09/2021
REMI to the rescue for Broadcast Management Group
REMI to the rescue for Broadcast Management Group posted: 16/09/2021 REMI refers to remote production via centralized IP technology, enabling decent...
16/09/2021
EE and ITV unveil latest store opening on the cobbles of Coronation Street, in new partnership
EE and ITV unveil latest store opening on the cobbles of Coronation Street, in n...
16/09/2021
ITV Studios inks co-production deal with Tencent Video for the landmark natural history series A Year on Planet Earth
ITV Studios inks co-production deal with Tencent Video for the landmark natural ...
16/09/2021
ITV detective drama, Grace, begins filming in Brighton
[Left to right - Zoe Tapper, John Simm and Richie Campbell] ITV detective drama, Grace, begins filming in Brighton ITV detective drama, Grace, begins filming ...
16/09/2021
Barco announces start of Share Buyback Program to replenish pool of shares for stock options
Barco announces start of Share Buyback Program to replenish pool of shares for s...
15/09/2021
VEON's Beeline wins three Ookla Speedtest awards for its mobile network in Uzbekistan
Beeline Uzbekistan awarded Best Mobile Network, Fastest Mobile Network and Best ...
