Thailand's second-largest mobile operator dtac’s subsidiary dtac TriNet will install Ericsson’s (ERIC - Analyst Report) Device Connection Platform as a service to develop and boost machine to machine (M2M) products for enterprises.
Through this Device Connection Platform from Ericsson, dtac is expected to achieve greater flexibility and ease to develop and deliver innovative M2M products and services for enterprise clients. dtac will also be able to provide its customers the required infrastructure to deploy, manage and monetize millions of M2M and consumer electronics devices.
Apart from offering flexibility to its customers, Ericsson’s platform not only provides dtac TriNet and solution partners the opportunity to increase revenues and reduce their operational costs, but it also helps to shorten time to market. With the M2M platform, dtac TriNet's enterprise customers will be able to monitor devices anytime and anywhere with quick and accurate information. Moreover, the M2M technology can be easily integrated into existing systems.
With the rapid mobile broadband growth, there has been a surge in M2M technology as well. M2M is a technology that allows both wireless and wired systems to communicate with other devices of the same type.
Ericsson is a leading telecommunications equipment and services provider to mobile and fixed network operators worldwide. The company is a leading provider of LTE networks and has established about 150 LTE networks worldwide. The company also provides services in the areas of application development and maintenance of billing system.
Ericsson currently has a Zacks Rank #3 (Hold). Some other stocks worth considering at the moment include Motorola Solutions (MSI - Analyst Report), Mitel Networks Corporation (MITL) and Sonus Networks Inc. (SONS - Snapshot Report). All three have a Zacks Rank #2 (Buy).