Telecom equipment expenditure in North America experienced an unexpected downturn in the first half of this year. Despite global telecom hardware revenues remaining steady, North America’s marked decline significantly impacted the total number. In contrast, other markets, particularly Asia-Pacific, showed robust growth. The reasons behind North America’s decline extend to slowing 5G expenditure and reduced spending on broadband access equipment. Looking ahead, no major global alterations are anticipated, though the volatility of the telecom industry hints at potential changes.
The Finnish telecom equipment manufacturer Nokia has officially announced that its plant in Chennai, Southern India, has started manufacturing their 5G New Radio (NR) based on the 3GPP 5G New Radio Release 15 standard. “This is another big leap towards the ‘Make in India’ vision as our factory continues to contribute to the Indian economy and the country’s growing profile as a manufacturing and engineering hub. Nokia was the first to leverage the skills and capabilities in India and start manufacturing telecom networks equipment in the country in 2008, and develop the local supply chain for various components. We are now pioneering 5G manufacturing in the country, making India and the world ready for 5G,” commented the senior vice president and head of the India Market at Nokia, Sanjay Malik. Nokia’s factory in Chennai has maintained its position as one of largest and leading plants in the country by…