True Mobile Group’s Real Future brand is banking on Ericsson (ERIC - Free Report) to expand its 3G and 4G network in Thailand. Ericsson will be the key supplier to True Mobile and help it offer its 21.5 million subscribers better mobile broadband experiences based on HSPA and LTE technologies.
Ericsson will be installing multi-standard radio base station RBS 6000 and will be responsible for project management, system integration, interoperability testing, network design and implementation.
According to a study by the Thailand government, Thailand has a mobile market penetration of above 130% and Ericsson ConsumerLab studies have also shown that smartphone penetration in urban Thailand grew more than two-fold from 17% in 2012 to 36% in 2013.
Thus, there is an obvious scope for growth in this domain and getting into such collaborations will most likely help Ericsson in augmenting revenues.
Ericsson is the world’s largest supplier of LTE technology with approximately 13% market share. Prior to this, Ericsson had signed a three-year strategic deal with Mobile TeleSystems (MTS) to install the LTE network primarily in four regions of Russia.
To date, Ericsson has established about 150 LTE networks worldwide and has made communication easier and more convenient by providing high-speed data for mobile phones and data terminals. Recently, Ericsson received a contract from Entel, a Chile-based telecom company, to provide 4G/LTE network to its operators.
Ericsson currently has a Zacks Rank #3 (Hold). Companies such as Ubiquiti Networks Inc. (UBNT - Free Report) , having a Zacks Rank #1 (Strong Buy), and Interdigital Inc. (IDCC - Free Report) and Juniper Networks Inc. (JNPR - Free Report) ,both carrying a Zacks Rank # 2 (Buy) are worth a look for investment.