Partnership efforts often deliver some exciting new innovations, dating back to the Wright Brothers and whoever's idea it was to partner chocolate and peanut butter. One recent partnership brought together the Mobile TeleSystems (News - Alert) (MTS) group from the Russian Federation along with no less than Nokia to create a major new partnership effort in developing next generation communications technology.
With the partnership effort comes new value for each side, and not just in next generation communications development efforts. MTS (News - Alert) will be able to deploy some of Nokia's new solutions for better innovations strategy, while Nokia will be able to promote the new products and services coming out of MTS. Additionally, the two firms will be working out a plan that better allows Nokia (News - Alert) technologies to be developed and deployed using MTS resources as well as the capabilities of the NVision Group, which in turn is an MTS subsidiary.
Additionally, the duo agreed to work together in several different market segments; development was to take place in not only Internet of Things (IoT) operations, but also in digital healthcare and related fields, as well as both augmented and virtual reality systems and other next generation communications technologies.
The agreement itself is seen as a refinement of an earlier agreement between the two companies signed back in 2016 about establishing a 5G presence in Russia, with plans to set up pilot segments at major international sports events in the country.
Nokia's vice president and head of the East Europe market unit Demetrio Russo commented, “Signing of this partnership agreement is an important milestone in the cooperation between our companies enabling us to address with even more efficiency the ambitious objectives of the MTS Group in its way to the digitalization transformation. Nokia fully understands MTS priorities and is committed to bringing its industry's most complete, end-to-end portfolio of products and service, powered by the research and innovation of Nokia Bell Labs (News - Alert), to further support MTS Group move towards the network of the future.”
The future of communications, the next generation of communications, in fact, will not happen without current development. Partnership efforts like these allow companies to better take advantage of what they have available, giving each the ability to focus on what's done best and building a synthesis of the two sets of results. That's a valuable development strategy of the kind that's worked well for decades, even centuries, and should continue to work well for some time to come. The combined efforts of MTS and Nokia shouldn't be long in bearing fruit, fruit that will improve all our lives and communications in the process.
Edited by Alicia Young