Japan’s NTT to Invest $560 Million in NEC to Catch Up in 5G Race
Japanese telecoms company Nippon Telegraph and Telephone (NTT) will invest JPY 64 billion (roughly Rs. 4,509 crores) in NEC Corp to beef up efforts to develop fifth-generation (5G) wireless technologies, the two firms said on Thursday.The capital alliance will give NTT a 5 percent stake in NEC as its main network equipment supplier hopes to crack the dominance of Huawei Technologies, Ericsson, and Nokia in 5G network infrastructure.Japan started its 5G service this year, lagging behind the United States and China, among…