One of Asia's largest defense and engineering groups, ST Engineering, and Nokia are partnering to cross sell 5G and internet of things (IoT) solutions.
With over customers in commercial and defense organizations in over 100 countries, ST Engineering specializes in the aerospace, electronics, land systems, and marine engineering solutions.
Nokia, on the other hand, has been focusing on network equipment , information technology, and consumer electronics, since the sale of its mobile division to Microsoft in 2013.
Under the new collaboration agreement with the Finnish multinational telecommunications company, ST Engineering will resell Nokia’s internet protocol (IP), optical networking and wireless broadband solutions, which include 5G, last-mile and analytics.
Nokia, in turn, will incorporate ST Engineering’s Very Small Aperture Terminal (VSAT) and cybersecurity solutions in its global project offerings.
Some of the joint solution portfolio the partners are eyeing include those related to 5G, analytics, and automation.
Rajeev Suri, President and Chief Executive Officer, Nokia, said in the news release that in Asia-Pacific and Japan, the agreement will be a strong complement to the salesforce.
The partnership covers dynamic markets such as Singapore, Malaysia, Thailand, Vietnam, Philippines, Indonesia, Taiwan, Australia and New Zealand.
“We have partnered with Nokia on optical networking projects and have successfully delivered projects across the transport and public sectors for more than 15 years. It is timely to expand our collaboration and we are excited about the possibilities this joint approach will bring,” Ravinder Singh, President of Electronics, ST Engineering, explained.
Listed on the Singapore Stock Exchange, ST Engineering has reported revenues of $6.7 billion in fiscal year 2018.