Gaon Broadband Supplies Next-Generation Platform '5G NR FWA' to Denmark

[Asia Economy Reporter Yoo Hyun-seok] Gaon Broadband, a subsidiary of Gaon Media, announced on the 24th that it will supply 5G NR Fixed Wireless Access (FWA) equipment to the global multinational telecommunications company Telenor.

Telenor is a global multinational telecommunications company with over 180 million customers in Northern Europe and Asia. Although based in Northern Europe, it also owns Grameenphone, the largest telecommunications company in Bangladesh, and Digi, a major telecommunications company in Malaysia.

The product supplied by Gaon Broadband this time is 5G NR Fixed Wireless Access equipment, which provides ultra-high-speed communication services to each household wirelessly rather than through wired connections. Theoretically, it supports download speeds of up to 4.6Gbps.

While it is common to receive services through wired connections such as optical cables or cable lines, the spread of 5G NR is increasing the adoption of fixed wireless access methods. This access method has the advantage of requiring no large-scale construction such as cable laying, resulting in relatively shorter deployment times and reduced operating costs.

A Gaon Broadband official said, "Since the FWA market is a new market with high mid- to long-term growth potential, we will prepare well and develop it as a future growth engine. This contract is particularly meaningful in terms of securing references as it supplies both indoor units (IDU) and outdoor units (ODU) simultaneously in the FWA market, which is divided into two product types." He added, "We plan to expand the supply regions to Europe first, followed by North America, South America, Australia, and Asia."

Meanwhile, Gaon Broadband was established in July 2020 as a subsidiary of Gaon Media (078890), an artificial intelligence (AI) solution specialist company. The company provides broadband products along with network integrated management services using its own solutions. Last year, it selected Mirae Asset Securities as the lead underwriter for its listing and aims to be listed on the KOSDAQ market this year.