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Nokia Networks to Strengthen Enterprise Service Business
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Nokia Networks, a division of Nokia Corp. (NOK - Free Report) has decided to overhaul its corporate strategy with a major emphasis on the enterprise service segment. Last year, the company acquired its rival company Alcatel-Lucent for $17.4 billion. The acquisition has positioned Nokia Networks as a formidable player in the enterprise segment.
Nokia’s network infrastructure offering is mainly telecom operator centric. The acquisition of the wireless business of Alcatel-Lucent has significantly strengthened Nokia’s foothold in North America. Leading U.S. telecom operators, namely, Verizon Communications Inc. (VZ - Free Report) and AT&T Inc. (T - Free Report) are prominent customers of Alcatel-Lucent. Additionally, Alcatel-Lucent has a strong presence in China while Nokia enjoys considerable dominance in Europe and Asia.
But more importantly, Alcatel-Lucent has lucrative assets to support the enterprise segment which Nokia is capitalizing on to get a strong foothold in the sector already dominated by large network infrastructure solution providers like Cisco Systems Inc. (CSCO - Free Report) and Huawei Technologies Co. Ltd.
The merged entity can effectively capitalize on the emerging Internet-of-Things (IoT) platform and offer competent triple-play voice, video and data solutions across the world. The core focus areas will be next-generation 5G wireless technology, IP and software, defined networking, cloud-based solutions, big data analytics, and sensors and imaging.
The takeover of Alcatel-Lucent by Nokia has created a network solutions behemoth in the industry with a significant global customer base and solid operational efficiencies. Nokia boasts strong technical expertise in professional managed services and customer experience management apart from a rich portfolio of mobile broadband infrastructure and 4G LTE network.
On the other hand, Alcatel-Lucent enjoys relative advantage in IP-based products, optical networking, cloud computing/software-defined networking, fixed broadband network and professional services.
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Nokia Networks to Strengthen Enterprise Service Business
Nokia Networks, a division of Nokia Corp. (NOK - Free Report) has decided to overhaul its corporate strategy with a major emphasis on the enterprise service segment. Last year, the company acquired its rival company Alcatel-Lucent for $17.4 billion. The acquisition has positioned Nokia Networks as a formidable player in the enterprise segment.
Nokia’s network infrastructure offering is mainly telecom operator centric. The acquisition of the wireless business of Alcatel-Lucent has significantly strengthened Nokia’s foothold in North America. Leading U.S. telecom operators, namely, Verizon Communications Inc. (VZ - Free Report) and AT&T Inc. (T - Free Report) are prominent customers of Alcatel-Lucent. Additionally, Alcatel-Lucent has a strong presence in China while Nokia enjoys considerable dominance in Europe and Asia.
But more importantly, Alcatel-Lucent has lucrative assets to support the enterprise segment which Nokia is capitalizing on to get a strong foothold in the sector already dominated by large network infrastructure solution providers like Cisco Systems Inc. (CSCO - Free Report) and Huawei Technologies Co. Ltd.
The merged entity can effectively capitalize on the emerging Internet-of-Things (IoT) platform and offer competent triple-play voice, video and data solutions across the world. The core focus areas will be next-generation 5G wireless technology, IP and software, defined networking, cloud-based solutions, big data analytics, and sensors and imaging.
The takeover of Alcatel-Lucent by Nokia has created a network solutions behemoth in the industry with a significant global customer base and solid operational efficiencies. Nokia boasts strong technical expertise in professional managed services and customer experience management apart from a rich portfolio of mobile broadband infrastructure and 4G LTE network.
On the other hand, Alcatel-Lucent enjoys relative advantage in IP-based products, optical networking, cloud computing/software-defined networking, fixed broadband network and professional services.
Nokia currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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