How Will Nokia (NOK) Stock React To Its SAC Wireless Purchase?

NEW YORK (TheStreet) --Nokia Corp. (NOK) announced today that it has agreed to purchase the the privately held U.S.-based wireless network equipment installer SAC Wireless for an undisclosed amount.

The Finnish telecommunications company said the acquisition would help Nokia gain market share in network implementation.

Shares of Nokia are up 0.59% to $7.66 in mid-morning trading on Wednesday.

Must Read: Warren Buffett's 25 Favorite Stocks

NOK ChartNOK data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

10 Stocks That Are Ready to Change Direction

10 Stocks That Are Ready to Change Direction

Wall Street Futures Edge Higher Amid 'Super Thursday' Earnings; Apple Q1 Awaits

Wall Street Futures Edge Higher Amid 'Super Thursday' Earnings; Apple Q1 Awaits

What a Nationalized 5G Plan Would Mean for Google, Comcast, Verizon and Others

What a Nationalized 5G Plan Would Mean for Google, Comcast, Verizon and Others

5G, Sanofi, Ablynx, Coincheck and Bruno Mars - 5 Things You Must Know

5G, Sanofi, Ablynx, Coincheck and Bruno Mars - 5 Things You Must Know

What Is 5G Technology?

What Is 5G Technology?