Nokia offers EUR 100 million fund for digital innovation in France

NSN CEO Rajeev Suri
Nokia Chief Executive Officer Rajeev Suri announced support to France to boost employment and innovation, following the proposed acquisition of Alcatel-Lucent.

Today’s announcement follows an open dialogue between Nokia and the French Government since the proposed acquisition was announced in April 2015.

France will play a leading role in the combined entity’s Research and Development (R&D) operations.

Nokia will build on the competencies in the country within key technology areas, on the existing presence of Alcatel-Lucent and its engagement in the technology ecosystem in France.

Nokia aims to leverage Alcatel-Lucent’s capabilities in R&D and talent through technology centers located in France that will focus on 5G and Small Cells, Cyber-security and privacy, Bell Labs, Wireless Transmission, Optical transmission, and IP platforms.

Nokia announced a EUR 100 million investment fund for the digital innovation ecosystem in France following the completion of the transaction – targeting the Internet of Things (IoT), cyber-security and software platform enablers for next generation networks.

Nokia will develop three industrial platforms and networks prototypes in France within the fields of 5G, Industrial Internet / Internet of Things connectivity and cyber-security.

R&D capacity will be increased from 2,000 to 2,500 employees over the next three years, including the recruitment of at least 300 new graduates.

The R&D employment level will be maintained for a period of at least four years after completion of the proposed transaction.

Nokia, which will remain headquartered in Finland, aims to leverage the combined strengths of the companies’ strategic business locations and major R&D centers in other countries, including Finland, Germany, the United States and China.

Baburajan K
[email protected]