Nokia (NOK) Acquires Fenix Group to Boost Prospect in Defense
NOKNokia(NOK) zacks.com·2024-05-24 00:01

Nokia Corporation (NOK) recently closed the acquisition of Fenix Group, a prominent provider of tactical communication products. Fenix is well known for its 3GPP-compliant defense communication solution suite. The deal, which was announced in December 2023, is a strategic move from Nokia to bolster its commercial prospects in the U.S. defense sector. Nokia’s current product offerings complement Fenix’s expertise in broadband tactical communications. Integration of Fenix’s products, including the industry-le ...