During Wednesday’s Morning trade, Shares of Nokia Corporation (ADR) (NYSE:NOK), inclined 0.36% to $7.01. The firm opened its current trade at $6.99, and as of now, it is trading at $7.01. The total volume traded for the day is 2.61M shares, as compared to its average daily volume of 11.70M shares. The stock is floating in a range of $6.99 - $7.04. The stock holda the market capitalization of $25.81B.
According to news report, Nokia Corporation (NOK), declared the planned leadership and organizational structure that it intends to implement after and subject to the successful closing of the public exchange offer for Alcatel-Lucent securities declared on April 15, 2015. With this transaction, Nokia anticipates to create an innovation leader in next generation technology and services for an IP connected world, and to position the combined company to create the foundation of seamless connectivity for people and things wherever they are.
“We are making very good progress on being ready to operate as a combined company when the projected exchange offer closes,” said Rajeev Suri, President and Chief Executive Officer of Nokia. “After a thorough selection process, I am happy to declare the company’s future organizational structure and exceptional leaders who will assist chart the next steps in Nokia’s transformation.”
“Our aim is to position each business group for clear leadership in its particular market and to create a combined portfolio that provides the scope and scale our customers expect, underpinned by a strong focus on innovation, quality and superb execution,” explained Suri. “We aim for all our business groups to be innovation leaders, drawing on the combined company’s unparalleled R&D capabilities to deliver leading products and services for our customers, and ultimately ensure the company’s long-term value creation.”
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
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