Regulation must come down in telecom: Nokia global CEO

Rajeev Suri has been the Indian face spearheading the evolution and growth of 5G across the globe. As the boss of the 23-billion-euro telecom equipment and systems major Nokia, Suri — who rose through the ranks to become the global CEO in 2014 after joining as a manager way back in 1995 — feels that 5G will completely revolutionise and transform businesses and consumer interactions, leading to a highly connected, digitised, and efficient eco-system. However, there could be challenges for jobs and data protection in the 5G era and so there will be a need for massive re-skilling and plugging information leakages. On India’s march into 5G, he says the country will join the elite club by late 2021, but adds that “over-regulation” and lower spectrum holdings may make it challenging. Excerpts:
How has been the progress on 5G across the world, and will it spur investments?