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 Collaborates With TDC to Support Digital Denmark
Read MoreHide Full Article
Ericsson (ERIC - Free Report) announced that it has been chosen by TDC — the largest telecommunications company in Denmark — to roll out nationwide commercial 5G as part of the latter’s network overhaul program. Financial terms of the contract were not disclosed. Notably, this Swedish firm has been investing in its competitive 5G-ready portfolio to enable communications service providers to seamlessly migrate to 5G.
Along with R&D innovation, the strengthened partnership is likely to allow TDC to fulfill ‘Digital Denmark’ objectives. This move is likely to empower a digital economy while boosting Denmark’s position as a digital leader by helping mobile broadband subscribers and industries to capitalize on 5G technology, Internet of Things and the fourth industrial revolution. Ericsson will transform TDC’s Radio Access Network with its latest Radio System solutions. TDC’s core network will be modernized, using Ericsson’s dual-mode 5G Cloud Core solution. Ericsson’s investments in R&D over the past years have secured a competitive and industry-leading offering.
Artificial intelligence and automation solutions remain key enablers for Ericsson’s business development. The rollout of Ericsson 5G New Radio hardware and software products is expected to begin in 2019 in accordance with 5G licensing obligations. TDC will offer 5G to selected customers under trial from the middle of 2019, with actual 5G network rollout expected to be initiated in October, subject to the anticipated approval and availability of licensed 5G spectrum. TDC is aiming to provide nationwide 5G coverage in Denmark by the end of 2020. Per the agreement, Ericsson would help upgrade the existing 4G LTE network of TDC.
Additionally, the companies inked a five-year managed services contract, focused on the artificial intelligence and automation-driven Ericsson Operations Engine, which will help this Swedish telecom equipment maker operate TDC’s network from September 2019. Per the deal, nearly 100 professionals from network operations will be transferred to Ericsson. TDC’s subscribers will likely be among the first in Europe to benefit from new 5G-enabled mobile broadband experiences.
Ericsson is actively pursuing three key areas — core business expansion, targeted growth, and cost and efficiency. It continues to execute its strategy and is well on track to achieve 2020 financial targets. It maintains strong control of its cost position to stay competitive and profitable. Driven by diligent execution of operational strategies alongside collaborations with industry frontrunners, shares of Ericsson have rallied 45.5% compared with the industry’s rise of 5.3% over the past year.
Currently, Ericsson has a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the industry include Ubiquiti Networks, Inc. , Harris Corporation and Motorola Solutions, Inc. (MSI - Free Report) . While Ubiquiti currently sports a Zacks Rank #1 (Strong Buy), Harris and Motorola carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ubiquiti has a long-term earnings growth expectation of 20.4%.
Harris has a long-term earnings growth expectation of 8%.
Motorola has a long-term earnings growth expectation of 8%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
Image: Bigstock
Ericsson Collaborates With TDC to Support Digital Denmark
Ericsson (ERIC - Free Report) announced that it has been chosen by TDC — the largest telecommunications company in Denmark — to roll out nationwide commercial 5G as part of the latter’s network overhaul program. Financial terms of the contract were not disclosed. Notably, this Swedish firm has been investing in its competitive 5G-ready portfolio to enable communications service providers to seamlessly migrate to 5G.
Along with R&D innovation, the strengthened partnership is likely to allow TDC to fulfill ‘Digital Denmark’ objectives. This move is likely to empower a digital economy while boosting Denmark’s position as a digital leader by helping mobile broadband subscribers and industries to capitalize on 5G technology, Internet of Things and the fourth industrial revolution. Ericsson will transform TDC’s Radio Access Network with its latest Radio System solutions. TDC’s core network will be modernized, using Ericsson’s dual-mode 5G Cloud Core solution. Ericsson’s investments in R&D over the past years have secured a competitive and industry-leading offering.
Artificial intelligence and automation solutions remain key enablers for Ericsson’s business development. The rollout of Ericsson 5G New Radio hardware and software products is expected to begin in 2019 in accordance with 5G licensing obligations. TDC will offer 5G to selected customers under trial from the middle of 2019, with actual 5G network rollout expected to be initiated in October, subject to the anticipated approval and availability of licensed 5G spectrum. TDC is aiming to provide nationwide 5G coverage in Denmark by the end of 2020. Per the agreement, Ericsson would help upgrade the existing 4G LTE network of TDC.
Additionally, the companies inked a five-year managed services contract, focused on the artificial intelligence and automation-driven Ericsson Operations Engine, which will help this Swedish telecom equipment maker operate TDC’s network from September 2019. Per the deal, nearly 100 professionals from network operations will be transferred to Ericsson. TDC’s subscribers will likely be among the first in Europe to benefit from new 5G-enabled mobile broadband experiences.
Ericsson is actively pursuing three key areas — core business expansion, targeted growth, and cost and efficiency. It continues to execute its strategy and is well on track to achieve 2020 financial targets. It maintains strong control of its cost position to stay competitive and profitable. Driven by diligent execution of operational strategies alongside collaborations with industry frontrunners, shares of Ericsson have rallied 45.5% compared with the industry’s rise of 5.3% over the past year.
Currently, Ericsson has a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the industry include Ubiquiti Networks, Inc. , Harris Corporation and Motorola Solutions, Inc. (MSI - Free Report) . While Ubiquiti currently sports a Zacks Rank #1 (Strong Buy), Harris and Motorola carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ubiquiti has a long-term earnings growth expectation of 20.4%.
Harris has a long-term earnings growth expectation of 8%.
Motorola has a long-term earnings growth expectation of 8%.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>