MWC 2016: Nokia makes announcements centered on 5G, IoT, network security

MWC 2016: Nokia makes announcements centered on 5G, IoT, network security

At the Mobile World Congress (MWC) 2016 event in Barcelona, Spain, on Sunday, erstwhile mobile giant Nokia made three significant announcements related to the ‘mobile network’ arena.

The announcements which Nokia made at the MWC event this year chiefly pivoted around 5G, the Internet of Things (IoT), and network security.

Specifically, one of Nokia’s three noteworthy announcements at the MWC included the launch of a $350 million investment fund -- courtesy of Nokia Growth Ventures -- which the company plans to invest in new projects in the burgeoning IoT arena; while another announcement was related to a new 5G-ready radio access product which will replace the company’s existing Flexi base station.

In the third announcement, Nokia revealed that it has acquired Canadian network security company Nakina Systems, in an evident effort to give a boost to its 5G and IoT aspirations. The Nakina Systems acquisition will likely be completed by Nokia in spring 2016.

The three announcements from Nokia have come after the company’s recent hints that it will announce “something big” at the MWC event. The announcements are partly rooted in Nokia’s acquisition of French telecoms and networking equipment technology company Alcatel-Lucent, in a $16.6 billion deal. Nokia had earlier said that the acquisition of Alcatel-Lucent will enable it to speed up the development of future technologies like 5G and IoT.