Telefonica teams up with Nokia in a bold move to investigate the application of private mobile networks within Latin American businesses. They aim to foster digital transformation across “promising industries”, including ports, energy, mining, and manufacturing. Despite 5G’s infancy in the region, Ericsson’s recent report suggests a promising future, predicting 5G will constitute 42% of all mobile subscriptions by 2028. Meanwhile, Nokia’s data reveals that a whopping 80% of companies implementing their industrial-grade private wireless solutions expect a positive return on investment within six months.
