Yahoo Finance Ericsson to Modernize Hi3G's Transport Network in Denmark
Ericsson ERIC recently announced that it has partnered with Hi3G to modernize the latter’s transport network in Denmark with 5G-ready routers over the next three years. Hi3G, which operates as 3 in Denmark, is a Scandinavian communications service provider.
The pact involves deployment of Ericsson’s Router 6000 hardware, software and customer support. Notably, Router 6000 series addresses the end-to-end network security concerns and demand for higher operational efficacy. This advanced radio integrated transport, along with Service Provider Software Defined Network functionality and Ericsson Network Manager, enables app-based traffic management with plug-and-play installation.
The strategic move is aimed at preparing Hi3G’s network for future 5G requirements while supporting the significant rise in the number of connected devices on the network. It enhances Ericsson's existing partnership with Hi3G. In May 2017, the company had joined forces with Hi3G to deploy its MINI-LINK microwave solutions in the latter’s microwave transmission network, expanding capacity of the operator’s network in Denmark and Sweden and preparing for 5G. This therefore increases the efficiency of Router 6000 and makes its deployment easier.
The MINI-LINK product portfolio delivers high capacity, low latency, high numbers of 10 GE ports and L3 VPN support in a very compact format. Ericsson’s Radio System and MINI-LINK microwave solutions enabled Hi3G to meet the demands of increasing traffic, reduced latency and prepared the network for 5G.
Ericsson will help Hi3G establish itself as one of the 5G leaders in the region by building the highest quality network that provides an outstanding user experience. Its portfolio enables service providers to evolve smoothly to the next generation of networks. The rollout will start during the fall of 2018. 5G is expected to play a major role in growing industry digitization and Ericsson believes that telecom operators can profit from an additional 36% revenues potential by 2026 from 5G-enabled market opportunities.
Over the past six months, shares of Ericsson have gained 14.1% compared with 1.7% growth for the industry.
Ericsson currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Ribbon Communications Inc. RBBN, Clearfield, Inc. CLFD and QUALCOMM Incorporated QCOM. While Ribbon Communications sports a Zacks Rank #1 (Strong Buy), Clearfield and QUALCOMM carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ribbon Communications has a long-term earnings growth expectation of 12%. It beat earnings estimates in each of the trailing four quarters, the average being 168.1%.
Clearfield beat earnings estimates in each of the trailing four quarters, the average being 52.8%.
QUALCOMM has a long-term earnings growth expectation of 10.9%. It beat earnings estimates in each of the trailing four quarters, the average being 19.8%.
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