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Ericsson (ERIC) to Upgrade Vital Network Infrastructure in Poland
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Ericsson (ERIC - Free Report) announced that Polska Grupa Energetyczna (PGE) group has selected its RAN (Radio Access Network) and core network solutions to deploy and upgrade its mission-critical communication infrastructure in the power sector. PGE Group, a prominent organization in the energy sector, provides electricity to more than 5 million customers in Poland. The company is aiming to deploy the LTE450 communication network and modernize its existing system.
PGE is looking to leverage Ericsson’s complete LTE Core Network solution with Virtual Evolved Packet Core and Cloud Unified Data Management, which will offer greater flexibility, reliability, reduced time to market and efficiency in operations. The agreement also includes Ericsson’s network management portfolio, which will provide monitoring, troubleshooting, configuration, automation and optimization of networks.
Ericsson's technology will play a central role in PGE's LTE450 network, establishing a durable communication ecosystem to enhance the optimal functioning of the power sector. This will enhance broadband capabilities and mobility functions, and boost automation and optimization of energy services.
Successful implementation of the LTE450 network will cover 40% area of Poland and augment reliable energy supply in remote and difficult-to-reach regions of the country. The automatic network control system will be capable of remote reading over 5 million electricity meters. This will increase the robustness of the infrastructure, foster a stable energy supply, provide fast services and ensure a superior experience for end users.
Ericsson is benefiting from solid 5G momentum worldwide. Investments in research and development (R&D) have established it as a leader in 5G. In the Mobile Networks business, it plans to capitalize on the convergence of cloud, software and services by merging Digital Services and Managed Services to form a new segment dubbed Cloud Software and Services.
With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased significantly. To maintain superior performance as traffic increases, there is a need for network tuning and optimization. Ericsson solutions are much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity.
The company currently has 145 live 5G networks in 63 countries. Its "cost and efficiency program" has been devised to generate higher cost savings. It is focused on structural changes that will generate lasting efficiency gains and boost cost competitiveness. Courtesy of investing in R&D combined with operational efficiency, Ericsson has the world’s leading patent portfolio in cellular technology.
The stock has lost 27.9% in the past year compared with the industry’s decline of 3.9%.
Image Source: Zacks Investment Research
Ericsson currently carries a Zacks Rank #3 (Hold).
It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular and wireless 3G, 4G and IEEE 802-related products and networks.
Akamai Technologies, Inc. (AKAM - Free Report) , carrying a Zacks Rank #2 at present, delivered an earnings surprise of 4.86%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 6.06%.
It is a global provider of content delivery networks and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, business applications, etc. Its offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers.
Meta Platforms Inc. (META - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 15.46%, on average, in the trailing four quarters. It is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like the photo and video-sharing app Instagram, and the WhatsApp messaging app owing to acquisitions.
Meta is considered to have pioneered the concept of social networking, which is why it enjoys a first-mover advantage in this market. As developed regions mature, Meta undertakes measures to drive penetration in emerging markets of South East Asia, Latin America and Africa.
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Ericsson (ERIC) to Upgrade Vital Network Infrastructure in Poland
Ericsson (ERIC - Free Report) announced that Polska Grupa Energetyczna (PGE) group has selected its RAN (Radio Access Network) and core network solutions to deploy and upgrade its mission-critical communication infrastructure in the power sector. PGE Group, a prominent organization in the energy sector, provides electricity to more than 5 million customers in Poland. The company is aiming to deploy the LTE450 communication network and modernize its existing system.
PGE is looking to leverage Ericsson’s complete LTE Core Network solution with Virtual Evolved Packet Core and Cloud Unified Data Management, which will offer greater flexibility, reliability, reduced time to market and efficiency in operations. The agreement also includes Ericsson’s network management portfolio, which will provide monitoring, troubleshooting, configuration, automation and optimization of networks.
Ericsson's technology will play a central role in PGE's LTE450 network, establishing a durable communication ecosystem to enhance the optimal functioning of the power sector. This will enhance broadband capabilities and mobility functions, and boost automation and optimization of energy services.
Successful implementation of the LTE450 network will cover 40% area of Poland and augment reliable energy supply in remote and difficult-to-reach regions of the country. The automatic network control system will be capable of remote reading over 5 million electricity meters. This will increase the robustness of the infrastructure, foster a stable energy supply, provide fast services and ensure a superior experience for end users.
Ericsson is benefiting from solid 5G momentum worldwide. Investments in research and development (R&D) have established it as a leader in 5G. In the Mobile Networks business, it plans to capitalize on the convergence of cloud, software and services by merging Digital Services and Managed Services to form a new segment dubbed Cloud Software and Services.
With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased significantly. To maintain superior performance as traffic increases, there is a need for network tuning and optimization. Ericsson solutions are much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity.
The company currently has 145 live 5G networks in 63 countries. Its "cost and efficiency program" has been devised to generate higher cost savings. It is focused on structural changes that will generate lasting efficiency gains and boost cost competitiveness. Courtesy of investing in R&D combined with operational efficiency, Ericsson has the world’s leading patent portfolio in cellular technology.
The stock has lost 27.9% in the past year compared with the industry’s decline of 3.9%.
Image Source: Zacks Investment Research
Ericsson currently carries a Zacks Rank #3 (Hold).
InterDigital, Inc. (IDCC - Free Report) , currently carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 170.89%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 579.03%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular and wireless 3G, 4G and IEEE 802-related products and networks.
Akamai Technologies, Inc. (AKAM - Free Report) , carrying a Zacks Rank #2 at present, delivered an earnings surprise of 4.86%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 6.06%.
It is a global provider of content delivery networks and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, business applications, etc. Its offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers.
Meta Platforms Inc. (META - Free Report) , currently sporting a Zacks Rank #1, delivered an earnings surprise of 15.46%, on average, in the trailing four quarters. It is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like the photo and video-sharing app Instagram, and the WhatsApp messaging app owing to acquisitions.
Meta is considered to have pioneered the concept of social networking, which is why it enjoys a first-mover advantage in this market. As developed regions mature, Meta undertakes measures to drive penetration in emerging markets of South East Asia, Latin America and Africa.