Nokia Expands Chennai R&D Lab for Fixed Networks
By Rediff Money Desk, New Delhi Aug 30, 2024 16:23
Nokia to invest in its Chennai R&D facility, making it the largest for fixed network business. The expansion highlights Nokia's commitment to innovation and bridging the digital divide.
New Delhi, Aug 30 (PTI) Finnish telecom gear maker Nokia on Friday said it will expand Chennai-based research and development facility to make it the company's largest for fixed network business.
To formalise the expansion of the Nokia R&D (research and development) lab in Chennai, a memorandum of understanding was recently exchanged between Guidance Tamil Nadu and Nokia in the presence of Chief Minister M K Stalin and state's industries minister T R B Rajaa in San Francisco, USA.
"With the support of the Tamil Nadu government, the new R&D lab will be one of the largest globally for Nokia and the largest for its fixed networks business. This expansion underpins Nokia's commitment to developing cutting-edge technologies that help connect the unconnected and reduce the digital divide," Nokia said in a statement.
As a key hub for "fixed networks", the new investment will further strengthen Nokia's technology innovations in optical network based broadband network, fixed wireless access, Wi-Fi as well as access network and home controllers.
"Our R&D footprint in Chennai is critical to our fixed networks strategy. This investment highlights our dedication to India and global technology advancements and allows us to further leverage the abundant talent pool in the region," Nokia's Head of Fixed Networks for Asia Pacific Vimalkumar Kothandaraman said.
To formalise the expansion of the Nokia R&D (research and development) lab in Chennai, a memorandum of understanding was recently exchanged between Guidance Tamil Nadu and Nokia in the presence of Chief Minister M K Stalin and state's industries minister T R B Rajaa in San Francisco, USA.
"With the support of the Tamil Nadu government, the new R&D lab will be one of the largest globally for Nokia and the largest for its fixed networks business. This expansion underpins Nokia's commitment to developing cutting-edge technologies that help connect the unconnected and reduce the digital divide," Nokia said in a statement.
As a key hub for "fixed networks", the new investment will further strengthen Nokia's technology innovations in optical network based broadband network, fixed wireless access, Wi-Fi as well as access network and home controllers.
"Our R&D footprint in Chennai is critical to our fixed networks strategy. This investment highlights our dedication to India and global technology advancements and allows us to further leverage the abundant talent pool in the region," Nokia's Head of Fixed Networks for Asia Pacific Vimalkumar Kothandaraman said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.92 (+ 3.37)
- 19887462
- GTL Infrastructure
- 2.34 ( -1.27)
- 9932688
- Vodafone Idea L
- 9.07 ( -1.20)
- 9425213
- Franklin Industries
- 2.10 ( -4.98)
- 9243214
- Jaiprakash Power Ven
- 21.95 ( -1.70)
- 8475257
MORE NEWS
Sensex, Nifty Rise on Positive Global Trends - PTI
Indian equity benchmarks Sensex and Nifty climbed in early trade on Monday, driven by...
Rupee Rebounds, Trades in Narrow Range Against...
The Indian rupee appreciated against the US dollar in early trade on Monday, supported...
PM Internship Scheme: Over 1.55 Lakh Candidates...
Over 1.55 lakh candidates have registered for the Prime Minister Internship Scheme,...