Why Nokia (NOK) Stock Is Up Today

NEW YORK (TheStreet) -- Nokia (NOK) was gaining 2.1% to $7.77 Thursday after buying a 3D geolocation solution from NICE Systems (NICE).

Nokia purchased the geolocation solution to enhance the planning of optimization of its mobile networks. The company also gained access to tools, technical expertise, and the right to further develop the capabilities of the solution.

"The evolution of small cells and LTE necessitates more accurate 3-D geolocation capabilities," Nokia head of Network Planning and Optimization Dennis Lorenzin said in a press release. "Nokia Networks intends to enhance this unique solution in order to offer superior services to our customers, regardless of which network gear they use."

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"Nokia Corporation invests in technological devices. The Company is focused on three businesses: network infrastructure software, hardware and services, which it offers through Networks; location intelligence, which the Company provides through HERE, and advanced technology development and licensing, which the Company pursues through Technologies. Networks are a specialist in mobile broadband. HERE is engaged in mapping and location intelligence business. Through Technologies, the Company will invest in the development of its portfolio. This will include expanding its successful IP licensing program. In April 2014, the Company announced that it has completed the sale of substantially all of its Devices & Services business to Microsoft. In June 2014, the Company acquired Mesaplexx Pty Ltd. In June 2014, Inventergy Global Inc. acquired patent portfolio from Nokia, which includes 16 patent families comprised of 77 patents and patent applications pertaining to IP Multimedia Subsystems."

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