A leader in the lucrative U.S. public safety market, Motorola Solutions Inc. (MSI - Free Report) , together with BAI Canada plans to rollout Wi-Fi network across underground subway stations in Toronto.
Initially, both the companies will deploy Wi-Fi networks in the St. George and Bloor & Yonge stations, which will include platforms, mezzanines, walkways and stairwells. Upon successful deployment, both these companies plan to include at least Toronto Transit Commission’s (TTC) 65 existing and upcoming underground subway stations, covering nearly 1.7 million passengers daily.
Motorola Solutions’ popular wireless local area network (WLAN) technology will facilitate the Wi-Fi Network deployment.
Increased rollout of ultra-fast 4GLTE network coupled with higher usage of smartphones and tablets have compelled many countries to install Wi-Fi technology in public places.
Globally, Motorola Solutions has a proven track record serving most countries with its standard-based public safety broadband network even in unfavorable environmental conditions. Thus, we believe that the collaboration with Motorola Solutions will help BAI Canada to gain a stable network platform.
Motorola Solutions reported mixed financial results for the third quarter of 2013, where the company’s bottom line surpassed the Zacks Consensus Estimate but the top line missed the same. Moreover, quarterly total revenue was $2,112 million, down 1.9% year over year.
Hence, we believe that the joint venture with BAI Canada will certainly boost the company’s top line going forward.
Currently, Motorola Solutions Inc. has a Zacks Rank #2 (Buy).
Other Stocks to Consider
Other stocks worth considering in this sector include Ericsson (ERIC - Free Report) , Harris Corp. (HRS - Free Report) and Novatel Wireless Inc. .