Telecommunications giant Nokia Corporation (NOK) recently announced that it has joined hands with non-profit organization DigitalC to provide reliable internet connectivity to people in the underserved areas of Cleveland, Ohio. Following the news, shares of the company declined 2.7% on Monday. Further, the stock slipped slightly to close at $5.33 in extended trade. The connectivity will be provided by DigitalC by making use of Nokia’s Digital Automation Cloud (DAC) end-to-end private wireless solution. With Nokia’s DAC, DigitalC will be able to provide affordable, reliable and high-speed internet access to thousands of people in Cleveland.
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Nokia (NYSE:NOK)
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