Finland Engineering Nokia Tender

MAINBOARD-LISTED ST Engineering and Finnish telecom firm Nokia have entered into a partnership agreement to cross-sell their solutions - including in key areas like 5G the Internet of Things IoT analytics and automation - to their Asia-Pacific customers.This joint solution portfolio will place both companies in a better position to pursue untapped business opportunities while customers benefit from a comprehensive set of technology and connectivity solutions ST Engineering said in a media statement on Thursday.ST Engineering will resell Nokias internet protocol IP optical networking and wireless broadband solutions such as 5G last-mile connectivity and analytics.In turn Nokia will incorporate ST Engineerings Very Small Aperture Terminal VSAT and cybersecurity solutions into its global project offerings.The partnership covers markets including Singapore Malaysia Thailand Vietnam Philippines Indonesia Taiwan Australia and New Zealand.There are plans to expand the joint portfolio beyond the Asia-Pacific region in the future ST Engineering said.Shares of ST Engineering were trading down two Singapore cents or 0.5 per cent at S3.98 as at 11.02am on Thursday.