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University of Oulu, Wipro Sign MoU to Collaborate on 5G/6G Technologies

Posted On: 2019-11-19 20:59:56


The collaboration will focus on wireless communications in 5G/6G at GHz, THz and light wave frequencies

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today signed a Memorandum of Understanding (MoU) with the University of Oulu, Finland, to collaborate in the areas of wireless communications in 5G/6G at GHz, THz and light wave frequencies under the University's 6G flagship program.

The University of Oulu is an international science university, which focuses on innovation for the future, wellbeing, and knowledge through research and education.

The MoU was signed at the Wipro headquarters in Bangalore in the presence of key delegates from the Finland Ministry of Economic Affairs and Employment, Finnish business corporations, University of Oulu, Business Finland and Wipro executives.

Speaking about the MoU, Timo Harakka, Minister of Employment, Finland's Ministry of Economic Affairs and Employment, said, "The new research partnership between Wipro and University of Oulu regarding 5G and 6G will boost innovation and is an excellent start for the mutually beneficial cooperation between Finland and Wipro. This will also take the innovation corridor partnership between Finland and the State of Karnataka to the next level."

"We are very pleased to deepen the collaboration between the University of Oulu and Wipro Limited, a key innovator in digital business," said Kari Leppanen, Professor of Practice at the University of Oulu, Finland. "As the leader of world's first major 6G research program, '6G Flagship', the University of Oulu focuses on wireless communications leading to 6G technologies. We look forward to targeted research initiatives with Wipro Limited to enable future wireless endto-end solutions for diverse end-user needs."

"As part of Wipro's focus on emerging technologies and innovations, this collaboration is an important step towards building competency, contributing in 5G/6G standards and creating essential patents in these technologies. Together, Wipro and Oulu University will create technology pilots to address industry and customer requirements which have not been adequately addressed so far with the available technologies. This collaboration is definitely a very important step towards next generation technology innovations," said K R Sanjiv, Chief Technology Officer, Wipro Limited.

Shares of WIPRO LTD. was last trading in BSE at Rs.250.85 as compared to the previous close of Rs. 249.6. The total number of shares traded during the day was 118310 in over 1685 trades.

The stock hit an intraday high of Rs. 250.95 and intraday low of 247.65. The net turnover during the day was Rs. 29525370.


Source: Equity Bulls

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