Why Nokia (NOK) Stock Is Up Today

NEW YORK (TheStreet) -- Nokia (NOK) shares are up 1.2% to $8.00 on Tuesday following news that the company had completed its acquisition of Australian radio frequency (RF) developer Megaplexx.

The move is an effort for the company to boost its flagship Flexi base stations. Megaplexx's RF technology will allow Nokia to improve radio performance and reduce cmall cells form factor by 30% or more.

Financial terms of the deal are not yet public.

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