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Nokia to Team Up With YADRO to Build 4G, 5G Base Stations in Russia

MOSCOW—Nokia and Russia’s YADRO plan to set up a joint venture to build 4G and 5G telecom base stations in Russia, the two equipment makers said on Wednesday, as a deadline for building networks using only Russian equipment approaches. Russia has said it will extend telecoms operators’ licenses beyond 2023 for LTE (long-term evolution) networks on the condition that they start building networks using only Russian equipment, part of a wider push by Moscow to promote domestic technology and IT services. “We are pleased to be partnering with YADRO, a leading Russian developer and producer of high-performance servers and storage systems to address the new localization regulatory framework,” Finland-based Nokia told Reuters. The two firms signed a term sheet on Nov. 23, Nokia said, specifying their intent to enter into good faith negotiations with the aim of creating a JV in Russia. The two companies did not disclose planned terms …

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