Finnish telecom network equipment maker Nokia has secured a 500 million euro ($572 million) loan from the European Investment Bank to step up development of next-generation 5G technology capable of faster speeds, wider coverage, and more stable connections.
5G mobile networks, which are still at an early stage, will offer data speeds up to 50 or 100 times faster than current 4G networks and serve as critical infrastructure for a range of industries, such as driverless cars.
