Finnish communications and information technology firm Nokia Networks announced it plans to demonstrate new fifth generation (5G) technologies for the Internet of Things (IoT) at the Mobile World Congress (MWC) 2015 to be held in Barcelona, Spain from March 2 to March 5.

The GSMA Mobile World Congress is an event gathering the world's leaders in the mobile industry, including device manufacturers, technology providers and vendors.

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Nokia announced it intends to demonstrate 5G radio equipment on new millimeter (mm) and centimeter (cm) wave bands.

The Finnish company claims this technology will provide best possible capacity and new structures that enable single-digit millisecond latency.

Nokia also said it plans to develop and launch an extended Mobile Guard security solution for the IoT such as smart cities, electronic health and smart grid.

"The Internet of Things, a driver for what we call the Programmable World, opens tremendous potential to expand the human possibilities of technology," said Kathrin Buvac, Nokia Networks' vice president of strategy.

"Within the next 10 years, we will see 50 billion things connected, enabling industries to become more efficient and helping people to improve their daily lives." Buvac added.

"At Nokia Networks, we are already demonstrating key technologies like 5G that will make mobile networks the natural choice for bringing these possibilities to reality."

Last week, the Finnish giant unveiled its new radio cloud network architecture that can help operators distribute processing capacity from any location in the network to where it's needed.

"Continuing the evolution from Nokia Single RAN and Nokia Centralized RAN, our Radio Cloud network architecture is a tremendous platform to prepare for upcoming 5G for core and radio."

Tags5G, IoT, Nokia Networks, Mobile World Congress 2015, MWC 2015, Spain