|Bid||0.0000 x 305200|
|Ask||0.0000 x 309400|
|Day's Range||3.8700 - 3.9800|
|52 Week Range||2.3400 - 5.2800|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul. 29, 2019|
|1y Target Est||5.12|
Press Release Nokia and Optus to provide IoT software solutions to Australian mining, utilities and transportation industries * Collaboration combines Nokia’s IMPACT IoT Platform with Optus services expertise and market reach * Australia's IoT market estimated to grow to USD 25 billion by 2024 24 September 2020 Sydney, Australia – Optus has selected Nokia’s IMPACT Internet of Things (IoT) platform to provide device management and data collection capabilities to their customers. Both companies have agreed on a joint go-to-market strategy to bring IoT solutions to Optus customers across multiple industry segments in Australia.Nokia’s industry leading IoT Device Management Platform (DMP) will enable Optus to provide its customers with simple access to Narrow Band-IoT device data, from low power devices, and remote device management at scale. This can be done regardless of device type. Nokia and Optus will work together to help create smart cities and support enterprise customers across industries, including mining, utilities and transportation. Anticipated industry applications include cost effective waste management, supply chain optimization, logistics management and scene analytics for improved safety and security. Australia's IoT market is estimated to grow to USD 25 billion by 2024, up from USD 7.9 billion in 20181, indicating the potential opportunity for Optus and Nokia. The alliance builds on Nokia’s longstanding relationship with Optus. Nokia is working collaboratively with the operator to manage and maintain its network infrastructure. The two companies launched Australia’s first 5G commercial services in early 2019, making Optus the first operator globally to deploy Nokia’s FastMile 5G indoor gateway in a live network. Nokia and Optus also successfully launched a 5G Fixed Wireless Access service using the 5G New Radio standard. Deon Liebenberg, Vice President of Product Innovation, Optus Business, said: “Our strategic alliance with Nokia will standardize and streamline IoT devices under one platform and unlock powerful productivity capabilities to fuel Australia’s digital transformation and its smart cities and smart spaces of the future. By collaborating with global technology leaders like Nokia, we’re able to offer Optus customers more value and choice on how they manage their devices and networks. The combined power of Optus’ premium IoT network with Nokia’s state-of-the-art IoT platform, will deliver customers the flexibility to consume this innovative, carrier-agnostic solution as software as a service, platform as a service, or connectivity as a service.”Anna Wills, Head of Oceania at Nokia, said: “By working with Optus, Nokia can bring to bear its pan-industry experience across these asset-intensive industries. We will enable Optus to expand its offering in these markets, helping its customers to leverage the efficiency and productivity potential of IoT. We believe this agreement with Optus will help more companies build greater resilience into their operations.” Resources: * Web page : Nokia for Industries * Web page : Nokia IMPACT IoT platform * Press Release : Nokia wins five-year managed services agreement to manage Optus' network * Press Release : Nokia and Optus establish multiple world firsts with 5G roll out in Australia About Nokia We create the technology to connect the world. Only Nokia offers a comprehensive portfolio of network equipment, software, services and licensing opportunities across the globe. With our commitment to innovation, driven by the award-winning Nokia Bell Labs, we are a leader in the development and deployment of 5G networks. Our communications service provider customers support more than 6.4 billion subscriptions with our radio networks, and our enterprise customers have deployed over 1,300 industrial networks worldwide. Adhering to the highest ethical standards, we transform how people live, work and communicate. For our latest updates, please visit us online www.nokia.com and follow us on Twitter @nokia. Media Inquiries: Nokia APAC Media Relations Cordia So Phone: +852 9747 5873 E-mail: firstname.lastname@example.org Communications Phone: +358 10 448 4900 Email: email@example.com Optus Optus Corporate Affairs Phone: +61 2 8082 7850 E-mail: firstname.lastname@example.org * * * 1 https://www.techsciresearch.com/report/australia-internet-of-things-iot-market/1393.html
In the latest trading session, Nokia (NOK) closed at $3.98, marking a +0.51% move from the previous day.
Nokia (NOK) remains focused on building a robust scalable software business and expanding it to structurally attractive enterprise adjacencies.