tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Nokia to acquire Fenix Group, terms undisclosed

Nokia announced that it has signed an agreement to acquire Fenix Group, a privately held company that specializes in tactical 3rd Generation Partnership Project, or 3GPP, communications solutions for the defense communities. Fenix Group is a provider of tactical communications products, including the Banshee product family. The systems are designed to provide high-speed, low latency data connections to many devices and users simultaneously, making them ideal for supporting a wide range of military applications. Fenix Group is a portfolio company of Enlightenment Capital. The addition of Fenix’s tactical communications capabilities will allow Nokia to offer a more comprehensive suite of solutions to its defense customers.

Meet Your ETF AI Analyst

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on NOK:

Disclaimer & DisclosureReport an Issue

1