We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ericsson & Vodafone's M-Pesa to Ease Safe Water Payments
Read MoreHide Full Article
Swedish communication technology and services giant, Ericsson (ERIC - Free Report) has tied up with Vodafone's M-Pesa in an initiative to make mobile money payments and cash collection easier and more straightforward.
The integrated payment solution is intended to simplify the process of paying for safe water. This joint effort will begin with the first deployment connecting M-Pesa with the growing network of Grundfos safe water kiosks spread across Kenya and Tanzania. Other countries are expected to follow soon.
Grundfos' intelligent and connected water kiosks dispense safe drinking water in developing countries. However, about 50,000 water supply points have been unsuccessful across rural Africa, mostly due to shortage of funds and capacity for operations and maintenance. The Ericsson-Vodafone tie-up is intended to deal with this critical challenge through efficient cash collection, lower cash management risks and reduced overhead costs. This will offer a scalable safe water solution.
The initiative will build the much-needed connections between wallet providers and enterprises, thus representing a major leap forward for the mobile money ecosystem.
Late last month, Ericsson entered into a partnership with HomeSend. The deal is aimed at accelerating the adoption of international remittances through mobile phones across emerging markets. Together, the two entities are aimed at delivering a cost-effective, prompt and simple way to financial service providers to connect the HomeSend global money transfer hub with Ericsson's mobile money offering around the world.
Ericsson’s technology has been enabling telecom players and financial services providers to adapt to the rapidly changing landscape, and expand the financial services available across the world.
However, reduced consumer telecom spending has been playing a spoilsport for Ericsson. Also, stiff competition and currency fluctuations have been hurting this Zacks Rank #4 (Sell) company’s performance.Ericsson is also grappling with waning sales in some key end-markets, slowdown in 4G deployment in China and ongoing industry consolidation among customers and major rivals.
InterDigital, sporting a Zacks Rank #1, has an impeccable earnings history over the trailing four quarters, beating estimates all through. It has a striking positive average surprise of 82.4%.
ARC Group and ViaSat both carry a Zacks Rank #2 (Buy). ARC Group’s earnings are projected to grow at the rate of 75% in the current fiscal year, far ahead of its peers.
Viasat deals in advanced digital satellite telecommunications and other networking and signal processing equipment, and has a striking expected long-term growth rate of almost 17.8%, compared with an industry average of 11.8%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ericsson & Vodafone's M-Pesa to Ease Safe Water Payments
Swedish communication technology and services giant, Ericsson (ERIC - Free Report) has tied up with Vodafone's M-Pesa in an initiative to make mobile money payments and cash collection easier and more straightforward.
The integrated payment solution is intended to simplify the process of paying for safe water. This joint effort will begin with the first deployment connecting M-Pesa with the growing network of Grundfos safe water kiosks spread across Kenya and Tanzania. Other countries are expected to follow soon.
Grundfos' intelligent and connected water kiosks dispense safe drinking water in developing countries. However, about 50,000 water supply points have been unsuccessful across rural Africa, mostly due to shortage of funds and capacity for operations and maintenance. The Ericsson-Vodafone tie-up is intended to deal with this critical challenge through efficient cash collection, lower cash management risks and reduced overhead costs. This will offer a scalable safe water solution.
The initiative will build the much-needed connections between wallet providers and enterprises, thus representing a major leap forward for the mobile money ecosystem.
Late last month, Ericsson entered into a partnership with HomeSend. The deal is aimed at accelerating the adoption of international remittances through mobile phones across emerging markets. Together, the two entities are aimed at delivering a cost-effective, prompt and simple way to financial service providers to connect the HomeSend global money transfer hub with Ericsson's mobile money offering around the world.
ERICSSON LM ADR Price and Consensus
ERICSSON LM ADR Price and Consensus | ERICSSON LM ADR Quote
Ericsson’s technology has been enabling telecom players and financial services providers to adapt to the rapidly changing landscape, and expand the financial services available across the world.
However, reduced consumer telecom spending has been playing a spoilsport for Ericsson. Also, stiff competition and currency fluctuations have been hurting this Zacks Rank #4 (Sell) company’s performance.Ericsson is also grappling with waning sales in some key end-markets, slowdown in 4G deployment in China and ongoing industry consolidation among customers and major rivals.
Stocks to Consider
Some better-ranked stocks in the same space include InterDigital, Inc. (IDCC - Free Report) , ARC Group Worldwide, Inc. and ViaSat Inc. (VSAT - Free Report) . You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
InterDigital, sporting a Zacks Rank #1, has an impeccable earnings history over the trailing four quarters, beating estimates all through. It has a striking positive average surprise of 82.4%.
ARC Group and ViaSat both carry a Zacks Rank #2 (Buy). ARC Group’s earnings are projected to grow at the rate of 75% in the current fiscal year, far ahead of its peers.
Viasat deals in advanced digital satellite telecommunications and other networking and signal processing equipment, and has a striking expected long-term growth rate of almost 17.8%, compared with an industry average of 11.8%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>