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TDS' OneNeck Partners Megaport to Boost Cloud Connectivity

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Telephone and Data Systems Inc. (TDS - Free Report) , through its subsidiary OneNeck IT Solutions, has forged a groundbreaking alliance with Megaport Limited ("Megaport"), a premier provider of Network as a Service (NaaS) solutions. This collaboration aims to revolutionize cloud connectivity for enterprise customers, offering unparalleled speed, adaptability and security in cloud networking.

Megaport's state-of-the-art Software Defined Network facilitates private connections between data centers and an extensive network of endpoints, including public clouds and major SaaS providers like Salesforce and SAP, spanning more than 850 data centers globally. Through this partnership, OneNeck will seamlessly integrate Megaport's cutting-edge technology directly into its data centers, starting with locations in Minneapolis, MN; Des Moines, IA; and Madison, WI.

The partnership underscores customer-centric commitment, offering a managed solution that empowers customers to enhance their network infrastructure and seamlessly connect to premier cloud services. The collaboration between TDS' OneNeck and Megaport offers a myriad of benefits for enterprise clients, including rapid provisioning, global network access, hybrid and multi-cloud strategy support, flexible and cost-effective solutions, and enhanced network efficiency.

As a wholly owned subsidiary of TDS, OneNeck IT Solutions is poised to leverage this partnership to strengthen its position as a leading provider of multi-cloud solutions and managed services. By delivering seamless and efficient cloud connectivity solutions, TDS stands to gain from increased market traction and enhanced customer satisfaction, further solidifying its reputation as an innovative leader in the telecommunications and IT industry.

Headquartered in Chicago, IL, TDS is a diversified telecom service provider offering wireless and wireline services in the United States. It aims to bring more fiber for better services in its current footprint and adjacent areas. By leveraging fiber, the telco is trying to respond to customers' growing TV and broadband service demand.

The company is making investments to increase fiber deployment by expanding fiber and other technologies in its existing markets and overbuilding in new markets. All these investments have strengthened its fiber-based broadband networks. Such strategic moves underscore the company’s efforts to diversify its business from a telecom service provider to a fiber network provider.

Zacks Rank & Key Picks

TDS carries a Zacks Rank #4 (Sell) currently.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2 (Buy), is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 19.8% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.

It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.

Headquartered in Wilmington, DE, InterDigital, Inc. (IDCC - Free Report) 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 as well as wireless 3G, 4G and IEEE 802-related products and networks.

This Zacks Rank #2 stock has a long-term earnings growth expectation of 17.4% and has surged 75.3% in the past year. A well-established global footprint, diversified product portfolio and ability to penetrate different markets are key growth drivers for InterDigital. The addition of technologies related to sensors, user interface and video to its already strong portfolio of wireless technology solutions is likely to drive considerable value, given the massive size of the market it offers licensing technologies to.

Ubiquiti Inc. (UI - Free Report) , carrying a Zacks Rank #2 at present, is a key pick in the broader industry. Headquartered in New York, it offers a comprehensive portfolio of networking products and solutions for service providers and enterprises at disruptive prices.

It boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, it is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.

Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.

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