Nokia buys world's largest API hub from Rapid to cash in on 5G [Yahoo! Finance]
Nokia Corporation Sponsored American Depositary Shares (NOK)
Last nokia corporation sponsored american depositary shares earnings: 4/30 01:00 am
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Source: Yahoo! Finance
Like other telecom gear makers, Finland's Nokia has been looking for ways to monetise its 5G equipment or diversify its market, as it hopes to attract investments linked to the rise of artificial intelligence. Nokia said it will own the U.S. tech start-up's technology and research and development unit under the deal, enabling its clients to integrate their networks, control their API usage and collaborate with the platform's developer base. API are strings of code which enable standardized communication, exchange of data and functionality between software components. Their use on advanced 5G networks provides faster, safer and more accurate access to data such as a users' location or connectivity status. Nokia did not disclose financial details of the deal. (Reporting by Alessandro Parodi; Editing by Alexander Smith)
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News
- Nokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystemGlobeNewswire
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- Nokia, Reflex and Net Nine Nine partner to bridge the digital divide in South AfricaGlobeNewswire
- Nokia Board of Directors resolved on directed issuance under Nokia Equity ProgramsGlobeNewswire
NOK
Earnings
- 10/17/24 - Miss
NOK
Sec Filings
- 11/12/24 - Form 6-K
- 11/8/24 - Form 6-K
- 10/31/24 - Form 6-K
- NOK's page on the SEC website