Saudi Arabia, Finland Deepen Cooperation in ICT to Boost Digital Economy

The memorandum was signed by the Saudi Minister of Communications and Information Technology and the Finnish Minister of Foreign Trade and Development  in Riyadh. SPA
The memorandum was signed by the Saudi Minister of Communications and Information Technology and the Finnish Minister of Foreign Trade and Development in Riyadh. SPA
TT

Saudi Arabia, Finland Deepen Cooperation in ICT to Boost Digital Economy

The memorandum was signed by the Saudi Minister of Communications and Information Technology and the Finnish Minister of Foreign Trade and Development  in Riyadh. SPA
The memorandum was signed by the Saudi Minister of Communications and Information Technology and the Finnish Minister of Foreign Trade and Development in Riyadh. SPA

Saudi Arabia and Finland have signed a memorandum in ICT, with the aim of strengthening strategic partnership to support the digital economy growth and the exchange of expertise.

The memorandum was signed by the Saudi Minister of Communications and Information Technology, Eng. Abdullah Alswaha, and Finnish Minister of Foreign Trade and Development Ville Tavio in Riyadh.

Under the agreement, the two countries will cooperate in the development of emerging technologies, IoT, cloud, new wireless network technologies, digital capacity development, and government digital transformation.

The signed agreement will develop joint programs, covering capacity building, joint research projects related to technology foresight, and coordination of private sectors in Saudi Arabia and Finland.



Nokia Wins 'Multi-billion' Dollar Deal in India

FILE PHOTO: People walk next to the Nokia stand as they attend the Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Bruna Casas/File Photo/File Photo
FILE PHOTO: People walk next to the Nokia stand as they attend the Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Bruna Casas/File Photo/File Photo
TT

Nokia Wins 'Multi-billion' Dollar Deal in India

FILE PHOTO: People walk next to the Nokia stand as they attend the Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Bruna Casas/File Photo/File Photo
FILE PHOTO: People walk next to the Nokia stand as they attend the Mobile World Congress (MWC) in Barcelona, Spain February 27, 2024. REUTERS/Bruna Casas/File Photo/File Photo

Finnish telecom equipment supplier Nokia on Wednesday said it had won a "multi-billion" dollar deal with India's Bharti Airtel for delivery of 4G and 5G equipment.

Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti's network in India.

Nokia's Swedish rival Ericsson had already won a deal of similar size with Bharti earlier in October.
India last year helped Nokia and Ericsson offset weakness in demand from US customers.

However, the volume of orders from India slowed down significantly after a growth spurt last year.
Nokia's share price rose 3.1% by 0829 GMT.