1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Nokia Oyj
  6. News
  7. Summary
    NOKIA   FI0009000681


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nokia Oyj : and AngloGold Ashanti Colombia drive digital transformation in Colombia with country's first private wireless 5G test for underground mining

09/23/2021 | 02:52pm EDT

Nokia and AngloGold Ashanti Colombia drive digital transformation in Colombia with country's first private wireless 5G test for underground mining

  • 5G stand-alone (SA) industrial-grade private wireless network deployed in outdoor rural environment in Jerico Antioquia
  • Four use cases tested, proving potential of 5G for safety, sustainability, automation, productivity and reliability in an industrial mining ecosystem
  • Test involved close collaboration of companies seeking to accelerate adoption and digitization of Industry 4.0 and digital mining in Colombia

23 September, 2021

Bogotá, Colombia - NokiaandAngloGold Ashanti Colombia, in collaborationwith Epiroc, Sandvik, Tigo and OSC Top solutions, today conducted the first underground 5G mining trial in Jerico, Colombia. The successful trial proves it is possible to safely, sustainably and efficiently deploy multiple mining use cases over a private 5G SA industrial-grade network in a challenging underground environment. It also demonstrates how government, service providers and industry have come together to advance the digital transformation of the mining industry in Colombia and Latin America.

Four mining use cases were tested as part of the trial including mission-critical communications, connectivity and remote teleoperation of vehicles, mining machinery and systems, and inspection and monitoring with drones and high-definition cameras.

Nokia deployed an industrial-grade 5G private wireless network which provides ultra-wideband connectivity, with speed in excess of 1Gbps and with scope for ultra-low latency. The network is powered by the latest Nokia AirScale 5G portfolio in the 3.5 GHz spectrum band with the support of Tigo Colombia, and has been deployed in the context of the 5G testing framework of the Ministry of ICT.

Juan Camilo Quintero, Corporate Affairs and Innovation Director of AngloGold Ashanti Colombia, said: "For AngloGold Ashanti Colombia it is important to be at the forefront with the latest technologies to ensure safety, sustainability, reliability, productivity and environmental sustainability. Working with a technology pioneer like Nokia to carry out the first 5G trials of mission-critical connectivity and autonomous driving for mining is an important milestone in the development of Industry 4.0 and the digitization of mining in Colombia and Latin America."

Alejandro Cortes, Head of Enterprise, Northern Latin America at Nokia, said: "Mines require ultra-reliable networks that can cover large outdoor areas or underground corridors. Nokia's industrial-grade 5G solutions deliver robust, secure, predictable and deep wireless coverage, and are the backbone of digital transformation in the mining sector. We thank AngloGold Ashanti Colombia for carrying out this proof of concept which is an important milestone in the company's journey towards digitalization, automation and creating a 5G ecosystem in Colombia."

The proof of concept includes AirScale radio bases and adaptive antennas with massive MIMO capability, all integrated into a 5G SA architecture with network partitioning capability, which allows independent virtual networks to be generated for each use case.

Additionally, the pilot was carried out in close collaboration with Epiroc and Sandvik, who are developers of vehicles, and mining automation systems, with OSC Top solutions for the integration of services and solutions for drone inspection.

According to a recent study by Nokia and the analysis firm OMDIA, 5G technology will generate a positive economic impact of $11.4 billion in Colombia's mining sector during the period 2021-2035. An IDC 2021 Worldwide Mining Decision Maker Survey also revealed that 86% of mining companies plan to invest in wireless infrastructure in the next 18 months, with most of them naming 5G as their priority because of its lower latency and higher bandwidth.

Nokia currently has more than 340 enterprise customers of industrial-grade wireless private networks globally, including more than 35 mining customers in more than 60 mines.

Additional resources

About Nokia
At Nokia, we create technology that helps the world act together.

As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable and inclusive world.

Nokia Media Contact

Lygia Torelli
Communications Manager for Latin America

About AngloGold Ashanti

AngloGold Ashanti, of South African origin, is the third largest gold mining company for a production of 3,047 million ounces in 2020. The company has operations, projects and exploration activities in 10 countries on 4 continents. Its shares are traded on the New York, Johannesburg and Australian stock exchanges, ensuring transparency and global public oversight over compliance with the industry's highest international standards in terms of technical capacity, safety and environmental, social and economic sustainability.


About AngloGold Ashanti Colombia

Since its arrival in Colombia in 2004, AngloGold Ashanti has carried out geological exploration in various regions of the country. Its three advanced projects continue in exploration and the company has not yet started mineral exploitation in Colombia.La commitment of AngloGold Ashanti for Colombia is based on the great geological potential presented by different regions of the country. Thus, we have developed a prospecting program aimed at obtaining detailed geological information on metallic mineral resources on that scale and in detail. In 14 years of exploration activities in Colombia, it has invested nearly $1 billion.


AngloGold Ashanti Media Contact

Margarinta Arango
Communications Manager


Nokia Oyj published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 18:51:02 UTC.

© Publicnow 2021
All news about NOKIA OYJ
08/11NOKIA CORPORATION : Repurchase of own shares on 11.08.2022
08/11NOKIA CORPORATION : Repurchase of own shares on 11.08.2022
08/10NOKIA CORPORATION : Repurchase of own shares on 10.08.2022
08/10NOKIA CORPORATION : Repurchase of own shares on 10.08.2022
08/09NOKIA CORPORATION : Repurchase of own shares on 09.08.2022
08/09NOKIA CORPORATION : Repurchase of own shares on 09.08.2022
08/08NOKIA CORPORATION : Repurchase of own shares on 08.08.2022
08/08NOKIA CORPORATION : Repurchase of own shares on 08.08.2022
08/08BT Group, Nokia Report 5G Breakthrough
08/05NOKIA CORPORATION : Repurchase of own shares on 05.08.2022
More news
Analyst Recommendations on NOKIA OYJ
More recommendations
Sales 2022 24 277 M 25 069 M 25 069 M
Net income 2022 1 883 M 1 944 M 1 944 M
Net cash 2022 5 117 M 5 284 M 5 284 M
P/E ratio 2022 15,4x
Yield 2022 2,00%
Capitalization 28 481 M 29 410 M 29 410 M
EV / Sales 2022 0,96x
EV / Sales 2023 0,88x
Nbr of Employees 87 927
Free-Float 93,0%
Duration : Period :
Nokia Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NOKIA OYJ
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 22
Last Close Price 5,07 €
Average target price 6,17 €
Spread / Average Target 21,7%
EPS Revisions
Managers and Directors
Pekka Ilmari Lundmark President & Chief Executive Officer
Marco Wirén Chief Financial Officer
Sari Maritta Baldauf Chairman
Nishant Batra Chief Strategy & Technology Officer
Bruce R. Brown Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
NOKIA OYJ-9.45%29 410
CISCO SYSTEMS, INC.-27.57%190 567
ARISTA NETWORKS, INC.-12.33%38 787
ERICSSON-21.73%26 049