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.
InterDigital (IDCC) Joins TSDI & BIF for Wireless Growth in India
Read MoreHide Full Article
InterDigital, Inc. (IDCC - Free Report) has become a member of two Indian standards and industry bodies — Telecommunications Standards Development Society, India (“TSDI”) and Broadband India Forum (“BIF”).
Founded in 2014, TSDI intends to develop standards that are suitable to the Indian market. It is working to enhance communications in India by improving peak data rates. The organization is exploring cost-effective 5G deployments and cloud interoperability technologies, along with the standardization of 6G technology.
Instituted in 2015, BIF works exclusively to enhance the potential of the entire ecosystem to deliver broadband across India. It operates as an independent policy forum that aims to develop India’s broadband ecosystem.
BIF’s members include Internet service providers, original equipment manufacturers and technology players such as Apple (AAPL - Free Report) , Qualcomm (QCOM - Free Report) and AT&T (T - Free Report) . It focuses on licensing and development of technologies like 5G, satellite communications and networks.
India is one of the fastest-growing wireless markets in the world, with high data usage rates due to video consumption. Its existing 2G and 4G LTE networks will not meet the burgeoning demand. The upgrade to 5G networks is expected to take place in 2022, and for that building the right network infrastructure is essential.
InterDigital’s participation in TSDI and BIF will support the country’s innovation across video, 5G and 6G. It has joined TSDI to support the development of India’s wireless and video markets. The membership in BIF will allow the company to collaborate with global and Indian ecosystem players on the deployment of mobile wireless broadband.
InterDigital’s global footprint, diversified product portfolio and ability to penetrate in different markets are noteworthy. It is poised to gain from growth opportunities, fueled by the rapid 5G rollout. The company intends to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position.
InterDigital’s commitment toward licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is also laudable. The company aims to become a leading developer of technology solutions for the mobile industry and IoT.
InterDigital’s shares have moved up 45.6% in the past year compared with 73.6% growth of the industry.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Image: Bigstock
InterDigital (IDCC) Joins TSDI & BIF for Wireless Growth in India
InterDigital, Inc. (IDCC - Free Report) has become a member of two Indian standards and industry bodies — Telecommunications Standards Development Society, India (“TSDI”) and Broadband India Forum (“BIF”).
Founded in 2014, TSDI intends to develop standards that are suitable to the Indian market. It is working to enhance communications in India by improving peak data rates. The organization is exploring cost-effective 5G deployments and cloud interoperability technologies, along with the standardization of 6G technology.
Instituted in 2015, BIF works exclusively to enhance the potential of the entire ecosystem to deliver broadband across India. It operates as an independent policy forum that aims to develop India’s broadband ecosystem.
BIF’s members include Internet service providers, original equipment manufacturers and technology players such as Apple (AAPL - Free Report) , Qualcomm (QCOM - Free Report) and AT&T (T - Free Report) . It focuses on licensing and development of technologies like 5G, satellite communications and networks.
India is one of the fastest-growing wireless markets in the world, with high data usage rates due to video consumption. Its existing 2G and 4G LTE networks will not meet the burgeoning demand. The upgrade to 5G networks is expected to take place in 2022, and for that building the right network infrastructure is essential.
InterDigital’s participation in TSDI and BIF will support the country’s innovation across video, 5G and 6G. It has joined TSDI to support the development of India’s wireless and video markets. The membership in BIF will allow the company to collaborate with global and Indian ecosystem players on the deployment of mobile wireless broadband.
InterDigital’s global footprint, diversified product portfolio and ability to penetrate in different markets are noteworthy. It is poised to gain from growth opportunities, fueled by the rapid 5G rollout. The company intends to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position.
InterDigital’s commitment toward licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is also laudable. The company aims to become a leading developer of technology solutions for the mobile industry and IoT.
InterDigital’s shares have moved up 45.6% in the past year compared with 73.6% growth of the industry.
The stock currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.
Click here for the 4 trades >>