Route Mobile share price jumps nearly 12% on parent's partnership with Nokia to offer network APIs

Route Mobile share price: Shares of cloud communications platform service provider Route Mobile soared nearly 12% on Thursday after the company announced a partnership with telecommunications firm Nokia.

The stock rose as much as 11.87% to ₹1,120 per share on the National Stock Exchange (NSE). At 9:57 am, it was trading 8.23% higher at ₹1,083.55 per unit.

Proximus Global, the promoter of Route Mobile Ltd, has announced that it will partner with Nokia to offer network API solutions to support developers in creating new applications for enterprises.

In an exchange filing, the company said that network APIs of Proximus Global will be exposed on Nokia's Network as Code platform with developer portal.

In return, Nokia will benefit from Proximus Global's presence in the telecommunications market by making its CAMARA and 5G APIs available globally.

Proximus Global will seek to use the Network Exposure Platform, and Enterprise API Hub of Nokia to provide developers easy access to Proximus' network capabilities for creating software applications that operate across 5G and 4G networks, it said.

Christophe Van De Weyer, Chief Product Officer at Proximus Global, "Proximus Global has traditionally offered a rich set of communication API through our CPaaS offering. We aim now to complement these with network API to allow enterprise and developers to easily access network capabilities. Our collaboration with Nokia will strengthen our API capabilities, and the work we are doing with developers, all with the aim of providing Proximus Global enterprise and wholesale customers with new, value-added solutions."

Shkumbin Hamiti, Nokia's Head of Network Monetization Platform, said the collaboration will give greater access and organisation to how Proximum Global's network is integrated into developer ecosystems and platforms.