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Nokia to Buy Unium for Whole-Home Wi-Fi Network Enhancement

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Nokia Corporation (NOK - Free Report) has announced plans to acquire Unium, a US-based software company, specialized in providing solutions to complex wireless networking problems for use in mission-critical and residential Wi-Fi networks. The deal is expected to close by Mar 31, 2018.

Following the acquisition, Nokia is likely to benefit from Unium’s software and intelligent mesh wireless technology, which has capacity to bolster Nokia’s end-to-end, whole-home Wi-Fi solution. Also, the technology will support its objective of offering solutions to Wi-Fi related problems at home.

Post buyout, Unium will provide a speedy and reliable Wi-Fi experience to customers, enabling new devices to easily connect with the Wi-Fi network without any disturbance. Consumers too can possibly use Wi-Fi from any corner of the house with no service disruption owing to fast roaming.

With Unium's software, wireless performance will be measured in real time and network will be adjusted to enhance the user's coverage and capacity. The Wi-Fi software optimizes each connection and provides a tailored customer experience according to specific capabilities and performance of each device i.e. a phone, tablet, etc.


Zacks Rank & Key Picks

Nokia carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Harris Corporation , InterDigital, Inc. (IDCC - Free Report) and Motorola Solutions, Inc. (MSI - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Harris, InterDigital and Motorola have gained more than 30%, 8% and 22%, respectively, in the last six months.

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