Nokia successfully completes acquisition of Fenix Group, accelerating U.S. strategy
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: GlobeNewswire
Press Release Nokia successfully completes acquisition of Fenix Group, accelerating U.S. strategy Acquisition strengthens Nokia’s tactical communications portfolio offer 22 May 2024Espoo, Finland – Nokia today announced the successful completion of its acquisition of Fenix Group, a privately held company that specializes in tactical communications solutions for the defense communities. The acquisition, originally announced in December 2023, strengthens Nokia's position in the defense sector by adding Fenix's innovative broadband tactical communications products, including the industry-leading Banshee family and Talon MANET radios, to its existing solutions portfolio. This expanded portfolio will allow Nokia to offer a more comprehensive suite of 3GPP-based solutions to its defense customers worldwide. Interoperable, 3GPP-based mobile networks that are built for data-hungry applications will play an important role in the digitaliza
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