TOKYO -- Japanese telecom conglomerate Nippon Telegraph & Telephone will take a 5% stake in electronics company NEC as part of a tie-up to develop fifth-generation wireless technology, Nikkei learned Wednesday.
5G networks
NTT to take 5% stake in NEC for Japanese 5G alliance
$560m investment makes telecom conglomerate third-largest shareholder
The NTT-NEC alliance aims to take on the big three 5G players -- Huawei, Ericsson and Nokia, which together control 80% of the base station market. © Reuters
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