During Thursday’s Morning trade, Shares of Nokia Corporation (ADR) (NYSE:NOK), gained 0.72% to $6.96. The firm opened its current trade at $6.93, and as of now, it is trading at $6.96. The total volume traded for the day is 3.30M shares, as compared to its average daily volume of 10.78M shares. The stock is floating in a range of $6.92 - $6.97. The stocks hold the market capitalization of $25.25B.
Nokia Networks, a division of Nokia Corporation (ADR) (NYSE:NOK), recently won a key contract to supply its latest TDD-LTE-A (Time Division Duplex Long-Term Evolution – Advanced) technology to China Mobile Ltd. CHL. Notably, China Mobile is the largest wireless operator in the world in terms of subscriber count. At the end of Aug 2015, the company had about 820 million wireless subscribers of which around 189.66 million were 4G TDD-LTE subscribers. According to Zacks
China Mobile has undertaken a massive project to install 1 million TDD-LTE base stations by the end of this year. Nokia Networks will provide TDD-LTE-A technology based on the Flexi Multi-radio 10 Base Station. This technology will support a wide range of frequency bands counting 2.6 GHz (band 41), 2.3 GHz (band 40) and 1.9 GHz (band 39). Additionally, Nokia will supply carrier aggregation software for both macro and small cells to combine the various spectrums for faster data transmission and Flexi Zonesmall cells.
Nokia Corporation (Nokia) has decided to acquire Alcatel-Lucent SA ALU for a consideration of € 15.6 billion (about $17.8 billion). The deal is likely to be accomplished in the first half of 2016. A full takeover of Alcatel-Lucent by Nokia will create a network solutions behemoth in the industry with a noteworthy global customer base and solid operational efficiencies. Alcatel-Lucent has a strong presence in China and North America while Nokia enjoys considerable dominance in Europe and other parts of Asia. Zacks Report
Nokia Corporation (Nokia) invests in technologies. The Company operates through three business segments: Nokia Networks, HERE and Nokia Technologies. Nokia Networks offers network infrastructure software, hardware and services. Nokia Networks has two segments: Mobile Broadband and Global Services. HERE offers maps, a location platform, and location experiences across different screens and operating systems.
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