Nokia Corporation (ADR) (NYSE:NOK) has received an order from Greek Railway Network. As per the reports, it announced on Thursday that OSE had contacted it to upgrade GSM-R rail communication network. OSE is a leading national railway operator in Greece.
What’s Next:
Nokia stated about this new order lately and pointed out that the quality of communication through the new system will improve significantly well as compared the previous analogue system. Apart from easy and hassle-free communication, it will also enable a fast transmission of rail maintenance data.
Road So Far:
The past few months have not been that great for the company as it didn’t only wind up operations from one of the leading markets i.e. India, but also faced criticism over Alcatel-Lucent acquisition deal. Shareholders of the company thought that they were not offered as much value for the shares as they deserved. It led to a mass criticism of Nokia’s decision. Even though shareholders of Alcatel-Lucent didn’t like this deal, but Alcatel-Lucent managed to post a reasonably good profit in the previous quarter and defended its decision to be bought by Nokia.
Uber Joins The Bid To Purchase Nokia Mapping Services:
Uber has a lot bigger ambitions than just being a transportation provider globally. The company wants to establish itself as a logistic company with an objective to deliver goods and people within a city in the least possible time. For this, Uber has to rely heavily on Google Maps, which doesn’t seem to be a convenient option for the company in the long run. It has placed a bid to purchase Nokia Mapping services for as much as $3 billion. Other companies interested in buying Nokia’s mapping service comprise of internet giant Google.
The final result of this bidding will be announced in a few days time by Nokia Corporation (ADR) (NYSE:NOK) after analyzing all the bids.
