NEQSOL Holding On Supporting 5G Technology R&D In Ukraine – Yahoo Finance
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BAKU, AZERBAIJAN / ACCESSWIRE / January 19, 2022 / Following NEQSOL Holding's acquisition of Vodafone Ukraine in 2019, the international holding has worked tirelessly to support the advent of 5G in Ukraine. Although the Holding has many projects and investments in different companies around the world, this represents a strong force in technological improvements in the Eastern European region.
CEO Yusif Jabbarov and UBO Nasib Hasanov, founder and philanthropist, continue to expand NEQSOL's interests in a variety of essential modern industries. The establishment of 5G connectivity in the next two – three years stands at the forefront of one of their most recent portfolio additions.
Support Vodafone Ukraine in Efforts to Expand 5G Coverage
Vodafone Ukraine has already mastered mobile communications and connectivity in the country. However, 5G coverage can become strategic technology for industrial, agricultural, and some commercial operations. These align with the primary interests of NEQSOL Holding, although Vodafone Ukraine also intends to expand into the consumer markets.
CEO Yusif Jabbarov stated in conjunction with the 5G Lab and 5G Smart Factory development that it "Will help turn a simple interest in 5G into commercial demand from business, and then in Ukraine there will be real conditions for the commercial launch of 5G." He went on to explain how NEQSOL Holdings' support of the telecommunication company has allowed it to reinforce its standing as an innovation pioneer. This forms the foundation of the entire holding company's focus now and into the future.
Yusif Jabbarov points to a variety of innovative leaders in a position to collaborate effectively in their target industries. This collaborative expansion benefits the country and industries such as agriculture and manufacturing, but there is still a long way to before these changes are embedded.
Why 5G Benefits Ukrainian Industries
General conversations about improvements, efficiency, and productivity promote the idea of 5G expansion across Ukraine. Specific pilot projects supported by NEQSOL Holding and Vodafone showcase exactly how these investments will benefit the 42 million Ukrainians and their business partners around the globe. As mentioned above, manufacturing and agriculture is a primary focus of this new technology.
Mining, which produces coal, natural gas, salt, sulfur, titanium, nickel, manganese, and other essentials, also benefits. The Poltava GOK uses unmanned vehicles and smart technology for its quarrying processes. 'Smart plant' plans are currently in development for the Kharkov Svet Shakhtyora plant, which intends to automate much of the mining equipment production. These improvements would not be possible without 5G technology.
A variety of industrial and agricultural uses obviously benefit any country from an economic standpoint. However, technologies such as 4G and 5G wireless communication also provide advantages for the average citizen when it comes to quality of life. Vodafone Ukraine has been promoting the concept of smart cities, smart transportation, and smart parking since 2019, when NEQSOL Holding took control.
This push for systemic digitalization offers steadfast improvements in the way cities provide for their residents. The Internet of Things (IOT), in-depth data analysis, artificial intelligence, and machine learning, as well as increased computational power offered by new technology, have already infiltrated urban technology and infrastructure systems.
The only way all of this can function efficiently and continue to grow into a brighter future is with 5G connectivity. This advancement in wireless communication will make data transfer 15 to 20 times faster than commonly used high-speed systems today. In order to make improvements from remote control of vehicles and robotic surgery to safe mining practices, the types of 5G systems supported by Vodafone Ukraine and NEQSOL Holding are necessary.
A Wealth of 5G Application Options
With the support of NEQSOL Holding, Vodafone Ukraine can invest in the deployment of 5G in the next two to three years & continues to shape the demand for 5G solutions in different industries. Not only does this keep the Eastern European country connected and competitive with the rest of the developed world, but it allows the country to excel in a variety of up-and-coming digital improvements taking place globally.
These align specifically with the interests of the holding company's expansion efforts in the energy, high tech, construction, and telecommunications sectors. The 5G networks allow for the adoption of smart buildings like industrial factories, retail shops and other commercial spaces, residential communities, and entire cities seek improved efficiency and convenience. High-speed and volume capabilities also allow for more precise and productive agriculture of Ukraine's main crops of corn, winter wheat, barley, and sugar beets. Residents will also benefit from improved educational opportunities and medical care both on-site and through telehealth systems.
About NEQSOL Holding
NEQSOL Holding is a group of companies involved in the energy, construction, telecommunications, and other high-tech industries. The group of companies operates in the UK, the US, Turkey, Azerbaijan, Kazakhstan, the UAE, and more.
NEQSOL Holding includes companies in the energy industry registered in the UK, such as Nobel Oil Services (UK) Limited and Nobel Oil E&P (UK) Limited (trade name-Nobel Upstream). Located in London, Nobel Upstream owns shares of oil and gas fields and operates in the United Kingdom, the United States, and Azerbaijan. Subsidiaries of Nobel Oil Services (UK) Limited conduct business in such countries as Azerbaijan, Turkey, and Kazakhstan. The group has established joint companies with international conglomerates like KCA Deutag, Wood Group, etc..
In the telecommunications sector, the group includes companies providing mobile, leased line, and data center services, as well as international transit, wholesale e-commerce, and more. Among the main assets of NEQSOL Holding in this field are Vodafone Ukraine and Bakcell. In 2018, the group launched a project to create the Digital Silk Way connecting Europe and Asia.
Norm, the largest cement producer in the South Caucasus, represents the group in the construction materials market.
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SOURCE: NEQSOL Holding
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