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The NOW group of companies said Wednesday that it turned to Finnish technology leader Nokia to roll out 5G or an independent fifth-generation network in the Philippines. Now Corp. and Now Telecom Company Inc. said in a statement that they have signed a memorandum of understanding with Nokia to present the 5G network and 5G use cases in the country. NOW Group founder and president Mel Velarde said the agreement will bring about the era of multi-gigabit broadband internet in the Philippine telecommunications, media and technology markets. “NOW’s strategy is clear: expand its current guaranteed service to high-end markets through 5G fixed wireless access and extend this engaging customer experience to consumers through 5G mobile cellular broadband service. By not having legacy networks, NOW’s Stand-Alone 5G network will rise above the competition. With Nokia as our technology partner, we are confident that NOW and its customers will be successful, ”he said. According to the memorandum of understanding, the collaboration between the parties will focus on the expansion of NOW Telecom’s broadband telecommunications network through the deployment of the standalone 5G network in the Philippine market. Joint development can be carried out under the scope of the MoU, which also provides strategic direction for all parties leading to a trade framework agreement. The collaboration will also focus on appropriate use cases for 5G technology. Nokia had 133 5G commercial contracts around the world at the end of November, positioning it as a global leader in delivering 5G solutions. Andrew Cope, Nokia Philippines Country Manager, said “We are delighted to support NOW in realizing the full 5G vision. 5G SA, with its high-speed, low-latency, and state-of-the-art computing performance will improve business processes, bring new applications and benefits to consumers and the industry at large. “” We are confident that our market-leading technology will play a crucial role in setting the right conditions for 5G to become a success in the Philippines, “he said. NOW Telecom previously revealed plans to spend $ 713 million on its five-year 5G fixed wireless access business plan. The company aims to roll out the 5G FWA network in the National Capital Region and offer a broadband plan of up to 10 gigabits per second. He said that of the $ 713 million, about $ 152 million would be spent in the first three years, mainly to acquire new 5G radio equipment. NOW Telecom hopes to build in its stronghold, in particular commercial enterprises, high-density residential areas, high-end residential homes and buildings. high-rise buildings. Company officials said the telco was well positioned in the high-end and enterprise residential market through 5G FWA and with fairly limited competition in this space, there was a great opportunity to gain profitable market share.
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