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Nokia (NOK) to Revamp LTE Network for Finland's Ukkoverkot

Nokia Corporation NOK recently announced plans to modernize the LTE network of Ukkoverkot, a Finnish mobile data operator offering wireless data communications services for infrastructure operators, public safety authorities and other critical use. The company operates an LTE-based mobile data network and other local private LTE networks.

The renovated network will be infused with Nokia’s leading LTE solution, providing enhanced network quality, capacity, security and reliability.

About the Deal

From fourth-quarter 2017, Nokia will upgrade Ukkoverkot’s existing network technology with its state-of-the-art LTE-based solution only to improve network performance to a great degree. This network advancement will enable Ukkoverkot’s customers in industrial IoT (Internet of Things) settings to realize benefits from the new industry 4.0 applications. On the other hand, critical communications and public safety operators may benefit from the more reliable and high-bandwidth services having standardized public safety features. 

The contract signifies Nokia’s growing momentum over delivery of critical communications networks for customers. The new solution will deploy Nokia’s 450MHz LTE for the first time in Finland. Ukkoverkot has selected Finnish airport operator Finavia as its first micro-operator customer. Finavia will develop private LTE network for Helsinki airport using Nokia’s technology.

Zacks Rank & Key Picks

Nokia currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Computer and Technology sector are InterDigital, Inc. IDCC, Juniper Networks, Inc. JNPR and Motorola Solutions, Inc. MSI. While InterDigital and Juniper Networks sport a Zacks Rank #1 (Strong Buy), Motorola carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of InterDigital and Juniper Networks have gained 6.3% and 2%, respectively, in a month. While Motorola has an impressive earnings history, having outshined the Zacks Consensus Estimate in each of the preceding four quarters with an average beat of 14.5%.

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