Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Nokia (NOK) Widens ViTrust Critical Communications Portfolio

Published 09/28/2017, 09:45 PM
Updated 07/09/2023, 06:31 AM

Nokia (HE:NOKIA) Corporation (NYSE:NOK) has announced its decision to expand the ViTrust critical communications portfolio to enhance advanced communications for first responders. It will provide services to enable the first responders benefit from high-performance applications on their public safety devices.

The services allow smooth functioning of operations for public safety agencies on a multi-vendor and multi-technology mission critical communications environment.

Nokia’s device software customization service will help first responders with faster agency adoption of new Android based devices.

The company will ensure high quality performance of reliable real-time video and other mission-critical broadband applications, given its competence in end-to-end LTE solutions across devices, operating systems, applications and network nodes.

Care for public safety service satisfies the most demanding communications needs of public safety organizations. Nokia will provide superior local and launch support, compliant with regulatory, security and confidentiality requirements, besides ensuring quicker and low-risk deployment of new technologies and skills. A European operator using this service has been benefitting from lower operational and downtime risks, faster stabilization of service levels and meeting of public safety requirements.

Apart from these two services, Nokia’s innovations for public safety render rapid verification of mission-critical network coverage levels.

Nokia has been inking deals for quite some time to drive growth. The company recently won a contract worth approximately TWD (Taiwan Dollar) 1.75 billion from Chunghwa Telecom Co. Ltd. (NYSE:CHT) , a Taiwanese telecommunication service provider for 3G network quality maintenance. Nokia in collaboration with Chunghwa Telecom plans to bring G.Fast — ultra-broadband access technology — to Taiwan, driven by a surge in 4K TV and HD video services in Taiwan exerting severe pressure on the service providers’ capacity to deliver ultra-broadband access to their customers.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Earlier in the year, Nokia and Apple (NASDAQ:AAPL) signed a patent license and business cooperation agreement to settle all disputes related to intellectual property. Following the deal, Nokia got an up-front payment in cash from Apple.

Last year, the company expanded its patent cross-licensing deal with Samsung (KS:005930) Electronics (OTC:SSNLF) to boost licensing sales.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>



Nokia Corporation (NOK): Free Stock Analysis Report

Apple Inc. (AAPL): Free Stock Analysis Report

Original post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.