OTTAWA — Nokia and Export Development Canada (EDC) announced yesterday an expanded global partnership aimed at supporting investments in 5G networks around the world.
As part of the three-year partnership, EDC, a Crown corporation dedicated to helping Canadian companies succeed globally, will provide financing and insurance solutions to Nokia’s global customers to enable them to build out their network infrastructure and enable greater broadband access, says a press release.
The agreement “will also focus on introducing innovative Canadian companies to Nokia to help deepen the Canadian supply chain,” the release says.
Nokia has a large R&D facility in Ottawa and employs more than 2,300 people in Canada.
“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,” reads the press release. In addition, EDC will help Nokia advance its community and social initiatives in Canada, with examples including “collaboration on efforts to close the gender gap in tech and working with EDC’s inclusive trade group to support indigenous trade.”
Nokia and EDC are both committed “to job creation, economic expansion and environmental sustainability in Canada,” said Jeffrey Maddox, president of Nokia Canada, in the release.
“Nokia’s R&D facility in Ottawa has developed technologies that have been incorporated into solutions for 5G, network security, fibre 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,” Maddox said.
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