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4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Oyj    NOKIA   FI0009000681

NOKIA OYJ (NOKIA)
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Nokia Oyj : Corporate News Blog - Nokia and Idea Cellular Collaborate on Optical Transport Technology; Set to Meet Massive Bandwidth Demand

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09/29/2017 | 01:02pm CET

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:

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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:

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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.

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© Accesswire 2017
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Financials (€)
Sales 2017 22 929 M
EBIT 2017 2 395 M
Net income 2017 -509 M
Finance 2017 3 138 M
Yield 2017 4,78%
P/E ratio 2017 -
P/E ratio 2018 47,59
EV / Sales 2017 0,86x
EV / Sales 2018 0,89x
Capitalization 22 844 M
Chart NOKIA OYJ
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Nokia Oyj Technical Analysis Chart | NOKIA | FI0009000681 | 4-Traders
Technical analysis trends NOKIA OYJ
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 5,28 €
Spread / Average Target 35%
EPS Revisions
Managers
NameTitle
Rajeev Suri President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
Monika Maurer Chief Operating Officer
Kristian Pullola Chief Financial Officer
Marcus Weldon Chief Technology Officer
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