Shares of Nokia Corp (ADR) (NYSE:NOK) ended Wednesday session in red amid volatile trading. The shares closed down -0.10 points or -1.79% at $5.50 with 22.16 million shares getting traded. Post opening the session at $5.55, the shares hit an intraday low of $5.49 and an intraday high of $5.59 and the price vacillated in this range throughout the day. The company has a market cap of $31.39 billion and the numbers of outstanding shares have been calculated to be 5.77 billion shares.
Nokia Corp (ADR) (NOK) on Sept. 14, 2016 announced the formation of the Mission Critical Communications Alliance, a global collaboration of mobile operators, national and local-level public authorities and first response agencies to formalize standards in the use of LTE for public safety, while enabling new ideas and partnerships to bolster momentum in application of the technology in this area.
The Alliance will bring various stakeholders to a single platform with which to inform and guide policy makers on the benefits of LTE-based public safety solutions for the provision of high-quality and robust critical communications services. More than 10 leading service providers and agencies such as Mobile Radio Center from Japan and Vodafone Hutchison Australia are participating in the Alliance programme.
4G LTE provides public safety services including first responders with mission-critical features such as real-time high-definition video streaming, remote data access and location-based services. Several countries are already upgrading their public safety systems to leverage LTE technology, Nokia and Korea’s SK Telecom have recently demonstrated the capabilities of Ultra Compact Network, a portable small cell based LTE network that can provide 4G connectivity for public safety and other mission- and business-critical services in remote locations.
Ashish Chowdhary, Chief Customer Operations Officer at Nokia, said: “Having worked with the various Governments in the public safety field for over 60 years, we are happy to facilitate a broad group of stakeholders in the global public safety community to drive the adoption of LTE in critical communications. The Mission Critical Communications Alliance will work towards realizing the unique benefits of LTE in public safety, enabling national, regional and local authorities to provide a higher level of safety and security for their citizens, while creating innovative new business models for service providers. We look forward to welcoming other members to the Alliance who are committed to using 4G technology to enhance the effectiveness of mission-critical services.”
Shares of Sprint Corp (NYSE:S) ended Wednesday session in red amid volatile trading. The shares closed down -0.05 points or -0.76% at $6.51 with 19.32 million shares getting traded. Post opening the session at $6.59, the shares hit an intraday low of $6.45 and an intraday high of $6.64 and the price vacillated in this range throughout the day. The company has a market cap of $24.55 billion and the numbers of outstanding shares have been calculated to be 3.98 billion shares.
Sprint Corp (S) on September 14, 2016 announced a partnership with Cequint, a wholly-owned subsidiary of Transaction Network Services (TNS), to help protect Sprint customers from unwanted robocalls. The companies are working to develop enhanced Caller ID solutions, and expect to integrate the service later this year.
“We are always looking for ways to provide our customers with the best experience, and protecting them from unwanted robocalls is one of them,” said Mark Yarkosky, Sprint’s Director of Product Management. “Cequint’s successful work with mobile operators is evolving the way people connect on their mobile devices and we couldn’t be happier about working with them on this important initiative.”
“We are delighted to be working with Sprint in bringing to market an innovative solution that helps protect subscribers from nuisance calls,” said Mike Keegan, Chief Executive Officer of Transaction Network Services. “We are taking a unique approach with our solution by directly leveraging data and network intelligence to identify a higher percentage of nuisance callers, giving subscribers a better way to take control of the calling experience.”