Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) has taken up a new challenge to improve the operational safety and efficiency of train operators, and for that purpose the company has launched a new Railway (GSM-R) Global System for Mobile Communications, according to a press release. High-speed train operators need real-time information that is of critical nature. The effectiveness and reliability of such information is very important, as it is used for automated train control by the GSM-R product generation.
Multi utility system
A radio system that is scalable and has the support of IP transport has been developed by Nokia both to reduce operating expenditures and also facilitate railway operators for future migration to IP-based mobile broadband technologies like LTE. Network design, project execution and multi-vendor managed services are included in the partner products and turnkey services that are integrated into the full GSM-R system offered by Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) through its Global Services. The new system ensures safety and allows train operators to handle up to 40% more train traffic.
According to Nokia, 29 GSM-R networks have been deployed in more than 20 countries that serve around 70,000 km of railways across the globe.
“Nokia’s GSM-R portfolio was created to provide best-in-class safety and speed to railway passengers, and to ensure reliability and long-term support for railway operators. It’s a perfect fit to our overall mobile broadband strategy,” said Dirk Lewandowski, Head of Railway Solutions, Networks, Nokia.
Recent developments at Nokia
On the 9th of July, a special dividend will be paid to Nokia shareholders as approved by the management. This dividend is set at $0.3591 per share and only shareholders of record as of the 23rd of June are eligible for the dividend. The almost 36 cent a share dividend represents a dividend yield of 2.04%. June 19th, Thursday has been fixed as the ex-dividend date. Nokia recently reaffirmed that in its transaction with Microsoft Corporation (NASDAQ:MSFT) worth 5.6 billion Euros a part of the amount will be returned to the shareholders.
At the annual general meeting (AGM), Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) authorized an ordinary dividend of EUR 0.11 per share for year 2013, and also approved a special dividend of EUR 0.26 per share.