Route Mobile shares saw strong buying action which lifted it 10 percent on March 6 after its promoter entity Proximus Global signed a pact with Nokia.
Under the pact, the two companies will explore opportunities that utilise their respective strengths in network API solutions to support developers as they create new applications for enterprises.
"The collaboration aims to expose Proximus Global and Nokia APIs on each other’s marketplaces, bridging the gap between the various industry segments and the telecom ecosystem to offer network APIs to help developers create enterprise applications," Route Mobile said in an exchange filing.
At 10.53 am, shares of Route Mobile were trading at Rs 1,055.15 on the NSE. Meanwhile, trading volumes in the counter also surged, further cementing the upmove. As much as 24 lakh shares of the company changed hands thus far, already higher than the one-month daily traded average of just one lakh shares.
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Proximus Global and Nokia have strengthened their partnership to enhance network API accessibility, bridging the gap between various industry segments and the telecom ecosystem. As part of the collaboration, Proximus Global’s network APIs will be integrated into Nokia’s Network as Code platform, providing developers with streamlined access through a dedicated portal. In return, Nokia will leverage Proximus Global’s presence in the telecom market to make its CAMARA and 5G APIs available on a global scale.
The initiative will empower enterprises and operators to tap into a growing suite of API capabilities, including network slicing—a critical component for 5G private networks—fraud protection, and other advanced services.
Additionally, Proximus Global aims to utilize Nokia’s Network Exposure Platform and Enterprise API Hub to simplify developer access to its network capabilities, enabling the creation of seamless software applications across 4G and 5G networks.
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