Corporate News Blog – Nokia and Idea Cellular Collaborate on Optical Transport Technology; Set to Meet Massive Bandwidth Demand

LONDON, UK / ACCESSWIRE / September 29, 2017 /Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Nokia Corp. (NYSE: NOK), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=NOK. The Company announced on September 27, 2017, that it will help Idea Cellular meet the ever-increasing bandwidth demand by deploying the Nokia 1830 Photonic Services Switch (PSS) based Wavelength Division Multiplexing (WDM) solution. The optical transport network solution will be implemented across fiber-constrained geographies on the Idea Cellular network. The technology, once implemented, would enable Idea Cellular to deliver high-bandwidth services to its customers. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on NOK. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=NOK

The Announcement

The Company stated that through a blend of new operator offerings, data plans, and massive adoption of smartphones, India has observed unprecedented data usage growth since the start of 2017. Nokia announced that it would deploy the optical transport network while working with Idea Cellular, which would eventually help address the high-bandwidth data demands of its customers. Idea Cellular views this agreement as a step to satisfy the growing need of high bandwidth. Owing to a long-standing relationship with Nokia, the Companies will deploy optical network, as done in Radio, Core, and IP Domains.

Nokia 1830 Photonic Services Switch

The switch from Nokia allows service providers to extend their outreach by offering a cost-effective alternative to expensive fiber. The Company’s solution will be deployed in fast-growing areas to enable Idea Cellular to deliver high-bandwidth services to its subscribers without worrying about the enhanced load on the network. The new transport network would also support increased demand in the future, wherein Nokia WDM would help in creating a new access layer which would be easily scalable and ensure efficient power consumption optimization. Also, the Company announced that the Nokia Professional Services will be leveraged for installing and commissioning, project management, training, and support for a lag-free execution of the project.

Company Growth Prospects

Recently, on September 25, 2017, the Company announced that it is expanding its ViTrust critical communications portfolio with new services to help first responders take advantage of reliable and secure high-performance application on their public safety devices. The services include trouble-free continuity of operations for public safety agencies across a multi-vendor, multi-technology mission-critical communications environment.

Nokia also announced on September 25, 2017, that it has delivered DCI solution for Internet Thailand Public Co. Ltd., marking one of the first long-haul DCI solutions in the country. Nokia will leverage its Dense Wavelength Division Multiplexing (DWDM) technology to connect INET’s two data centers in the capital city of Bangkok to a site in Saraburi.

Nokia stated that its device software customization service would help accelerate agency adoption of Android-based devices for first responders. The Company’s experts design and develop secure custom device firmware with tailor-made user experience adaptations and enhancements for public safety operations. According to Nokia, its expertise in end-to-end LTE Solutions across devices, operating systems, applications, and network nodes assures extreme performance and reliability for real-time video and other mission-critical broadband applications, integrated with custom-built firmware. The build is also hardened for security and incorporates features including data encryption and controlled access to external sources like application stores.

Last Close Stock Review

At the closing bell, on Thursday, September 28, 2017, Nokia’s stock marginally climbed 0.34%, ending the trading session at $5.90. A total volume of 7.99 million shares have exchanged hands. The Company’s stock price advanced 10.69% in the past six months and 2.79% in the previous twelve months. Moreover, the stock rallied 22.66% since the start of the year. The stock has a dividend yield of 3.05% and currently has a market cap of $34.94 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 476647