On Tuesday, Shares of Nokia Corp (ADR)(NYSE:NOK), added 1.01% and closed at $5.02 in the last trading session. NOK stock opened its last trade at $5.01 and after floating in a range of $4.98 to $5.04. The company’s Market capitalization is $29.42 Billion with the total Outstanding Shares of 5.77 million. During the 52-week trading session the minimum price at which share price traded, registered at $4.88 and reached to max level of $7.63. The Earnings per Share of the company stands at $-0.04. Nokia and STC have signed a contract to expand high-speed mobile broadband capacity and coverage in Saudi Arabia using Nokia’s 4.5G technology. The improved network will meet the ever-increasing demands of subscribers across the country, counting the millions of visitors who travel to the cities of Mecca and Medina each year, particularly during the Hajj and Ramadan seasons.
Nokia’s 4.5G technology leverages techniques such as carrier aggregation to optimize network resources and boost speeds to meet growing data demands. Data traffic has raised in Saudi Arabia following the expansion of 4G, with the network in Mecca and Medina in particular experiencing spikes in demand.
Nokia has already accomplished the first phase of the deployment in Mecca and Medina, where the company was asked to dramatically increase capacity. Using 4.5G technology, counting Saudi Arabia’s first indoor small cells deployment, STC managed the huge traffic demands during this year’s Hajj pilgrimage, which during peak times recorded a boost in 4G traffic of 600 percent contrast to 2015.
Shares of Williams Companies Inc (NYSE:WMB), gained 0.58% and closed at $29.24 in the last trading session. WMB stock opened its last trade at $29.47 and after floating in a range of $28.89 to $29.57. The company’s Market capitalization is $21.90 Billion with the total Outstanding Shares of 750.66 million. During the 52-week trading session the minimum price at which share price traded, registered at $10.22 and reached to max level of $42.48. The Earnings per Share of the company stands at $-1.63. Williams (WMB) and Williams Partners (WPZ) plan to report third-quarter 2016 financial results before the market opens on Monday, Oct. 31.
The company and the partnership plan to host a joint Q&A live webcast on Monday, Oct. 31 at 9:30 a.m. EDT. A limited number of phone lines will be available at (888) 364-3105. International callers should dial (719) 325-2228. The conference ID is 6961753.