Route Mobile Share Price Surged Over 11% After Collaboration News with Nokia

Market Performance

On Thursday, Route Mobile's share value rose more than 11% during morning trading. The stock opened at ₹1024.05 on the BSE, representing an increase of over 2% from the prior day's closing figure of ₹1002.65. As trading progressed, the shares reached an intraday peak of ₹1119.9, reflecting more than 11% gains.

Main News

On March 5, 2025, after market hours, Route Mobile communicated to the stock exchanges regarding a press release from Belgacom International Carrier Services (BICS). This release announced a collaboration involving Proximus Global, Nokia, and Route Mobile. The initiative focuses on delivering network APIs designed to assist developers in creating applications tailored for enterprise use.

Company Details

According to the announcement, Proximus Global, which integrates the operations of BICS, Telesign, and Route Mobile, has partnered with Nokia. This collaboration aims to explore opportunities that combine their respective capabilities in network API solutions, thereby supporting developers in designing applications for enterprises.

A significant part of this collaboration involves sharing APIs between Proximus Global and Nokia's platforms. Specifically:

• Proximus Global's network APIs will be available through Nokia's Network as Code platform, which will be accessible through its developer portal.
• Nokia is expected to expand the reach of its CAMARA and 5G APIs by leveraging Proximus Global's established presence in the telecommunications sector.

The partnership aims to provide support in several areas, including:

• Network slicing plays an essential role in 5G private networks.
• Fraud protection services.
• Other emerging services that utilize expanding API capabilities.

Summary

On March 6, 2025, Route Mobile experienced a notable increase in its share price during trading hours, which followed the announcement of its collaboration with Proximus Global and Nokia. This initiative is focused on enhancing the availability and use of network APIs to assist developers in creating applications for enterprise environments. The partnership also aims to expand access to technologies supporting 5G, fraud prevention, and related services within the telecommunications industry.