Nokia and EDC partner to advance Canada’s 5G contributions
26 Luglio 2021 - 3:00PM
- Export Development Canada (EDC) will provide financing and
insurance solutions to Nokia’s global customers to boost export of
technologies and products
- Three-year partnership represents a combined commitment to
furthering innovation, driving impact for Canada’s economy
domestically and internationally, and a shared alignment for
inclusion, diversity and equity
26 July 2021
Ottawa, Ontario, Canada –
Nokia and Export Development Canada
(EDC) today announced
an expanded
global partnership aimed
at investments
in 5G and the next generation network infrastructure for global
deployment.
EDC, a Crown corporation dedicated to helping Canadian companies
of all sizes succeed on the world stage, will deploy a full suite
of finance and insurance solutions to help Nokia and Nokia Canada
compete and win business, while enabling companies around the world
to build out their network infrastructure and enable greater
broadband access. The agreement will also focus on introducing
innovative Canadian companies to Nokia to help deepen the Canadian
supply chain.
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. EDC will also assist
in advancing Nokia’s community and social initiatives in Canada.
Examples include collaboration on efforts to close the gender gap
in tech and working with EDC’s inclusive trade group to support
indigenous trade.
Nokia has a key presence in Canada and is delivering positive
impact on Canadian employment, investment, and overall value
creation. One of Nokia’s largest R&D sites globally is in
Ottawa, Ontario, and employs more than 2,300 people in high-tech
jobs and its university co-op program employs 400 students from
across the country.
Sven List, SVP Trade
Connections of EDC,
said: “EDC is committed to growing Canada’s
exports by introducing innovative Canadian companies to Nokia,
helping the Canadian supply chain within the company grow while
responding to international business opportunities. We’re excited
to partner with Nokia as they invest in 5G and the next generation
network infrastructure, strengthening Canada’s position as a
leader in high tech resulting in an increase in high value
employment and further follow-on benefits within this important
sector. We look forward to working closely with Nokia, a company
that harnesses strong environment, social and governance principles
delivered in Canada and abroad.”
Canada represents an important market for Nokia. As reported in
the June 2021, Government of Canada “State of Trade 2021 - A Closer
Look at Foreign Direct Investment (FDI)” foreign multinationals
like Nokia represent an important post-pandemic opportunity in
Canada’s recovery accounting for 12% of all Canadian employment,
15% of gross domestic product and over 60% of trade in goods and
services.
Jeffrey Maddox, President of Nokia Canada,
said: “Nokia and EDC share a commitment to job
creation, economic expansion and environmental sustainability in
Canada. Nokia’s R&D facility in Ottawa has developed
technologies that have been incorporated into solutions for 5G,
network security, fiber 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.”
About Nokia
At Nokia, we create technology that helps the world act
together.
As a trusted partner for critical networks, we are committed to
innovation and technology leadership across mobile, fixed and cloud
networks. We create value with intellectual property and long-term
research, led by the award-winning Nokia Bell Labs.
Adhering to the highest standards of integrity and security, we
help build the capabilities needed for a more productive,
sustainable and inclusive world.
About EDC
Export Development Canada (EDC) is a financial Crown corporation
dedicated to helping Canadian companies of all sizes succeed on the
world stage. As international risk experts, we equip Canadian
companies with the tools they need – the trade knowledge, financing
solutions, equity, insurance, and connections – to grow their
business with confidence. Underlying all our support is a
commitment to sustainable and responsible business. To help
Canadian businesses facing extreme financial challenges brought on
by the global response to COVID-19, the Government of Canada has
expanded EDC’s domestic capabilities until December 31, 2021. This
broader mandate will enable EDC to expand its support to companies
focused domestically.
For more information and to learn how we can help your company,
call us at 1-800-229-0575 or visit www.edc.ca.
Media Inquiries:
NokiaCommunicationsPhone: +358 10 448
4900Email: press.services@nokia.com
Media
Export Development Canada
Phone: 1-888-222-4065
Email: media@edc.ca