Five multinational companies with an Ottawa presence are partnering with federal and provincial governments to put Ontario and Quebec on the forefront of fifth-generation network tech.

Ciena, Ericsson, Thales, IBM and CGI will spend $200 million over the next five years on research in an Ontario-Quebec corridor focused on developing 5G technology. The federal government and both provincial governments will match those funds with $67.7 million each.

The resulting public-private partnership will be worth $400 million, and will have the, uh, catchy name of ENCQOR (Evolution of Networked Services through a Corridor in Quebec and Ontario for Research and Innovation).

Read the full story at obj.ca.