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Nokia betting on 5G as key to future, says CEO

TOKYO -- Nokia sees the next-generation 5G wireless connection platform as a key element in bringing the "internet of things" to life and the next chapter for the company, CEO Rajeev Suri told The Nikkei on the sidelines of the 18th Nikkei Global Management Forum here.

Edited excerpts from the interview follow.

Q: What is your vision for 5G, which is said to be 100 times as fast as the current wireless standards?

A: With the internet of things, billions of devices are connected. Everybody, everything is connected. All of those is enabled by 5G because when 5G was conceived, the idea was to be able to have a technology that enables many, many things to be connected. So I think 5G enables IoT. And IoT brings time back to people like us, consumers. We will get more time. We will get more productivity in our lives. But more importantly, there will be a lot of productivity coming to various kinds of companies in various sectors.