Nokia Corporation (NOK) stock starting its week with positivity and as of this writing, it has gained 0.24% in pre-market trading. Nokia Corporation (NOK) shares lost 0.96% in the after-market on Friday, April 16, 2021. NOK stock gained 1.21% in the normal trading session on Friday.NOK shares have gained 20.81% over the last 12 months, and they have moved up by 1.21% in the past week. Over the past three months, the stock has gained 2.20%, while over the past six months, it has added 2.45%.
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Let`s have a brief look at the recent development of Nokia Corporation
Collaboration with LG UPLUS to deploy indoor 5G small cells solutions in South Korea
9 April 2021, Nokia said that it has signed an agreement with LG Uplus to expand 5G coverage.
According to the deal, the 5G coverage across South Korea will be expanded by installing new equipment from Nokia’s comprehensive AirScale portfolio across the country which will provide seamless 5G indoor and outdoor connectivity.
Nokia will install its small cell AirScale Indoor (ASiR) systems in indoor locations including shopping malls and office buildings.
Boosting NCTC Network Expansion
On April 15, 2021, NOK said that it will provide customized fibre solutions to National Cable Television Cooperative to boost the latter’s 700 plus-member base of cable and broadband operators.
Nokia is the sole NCTC partner and this cooperation will provide an upgraded access platform to support enhanced network capacities to NTC. Unique in the industry, the Nokia solution also enables a simple upgrade path to 25Gb/s.
Transfers of Nokia shares
On April 14, 2021, NOKIA transferred a total of 49 419 Nokia shares to participants of Nokia’s equity-based incentive plans as the rules of the plans. The transfer plan was announced on 4 February 2021.
Powering China Mobile’s Deployment of Cloud
On April 13, 2021, NOK reported that China Mobile Cloud, which is a subsidiary of China Mobile, will deploy Nuage Networks’ Software-Defined Networking (SDN) solution for the nationwide deployment of its public cloud service.
China Mobile Cloud’s public and private cloud services running on Nuage Networks’ SDN solution since 2015.
Patent dispute settlement with Lenovo
On April 7, 2021, Nokia announced that it has finally settled a multi-year patent dispute with Lenovo Group through a multi-year, multi-technology patent cross-licensing agreement.
No other details have emerged yet but according to different sources, Lenovo will make a net balance payment to Nokia.
Nokia’s legal dispute with Lenovo Group started in 2019 when the company filed a complaint about alleged infringements of Nokia’s video-coding patents and had cases in Brazil, United States, India, and Germany.
Nokia corporation is performing well in recent months and recent technology agreements can take its stock price further up in coming days.