Nokia Corporation (NOK - Free Report) signed an agreement with China Unicom (CHU - Free Report) to offer Nokia Flexi Zone small cells and an AirScale low power radio head in 31 Chinese provinces. This will provide flexibility to China Unicom’s subsidiaries as the company aims to densify busy city 3G and 4G LTE networks and improve performance in suburban and rural locations.
The initial small cells deployment will enable China Unicom’s units to provide coverage and capacity to cater to the growing subscribers’ demand for mobile data network. In fact this technology will help densify the mobile broadband network at places where a macro base station installation is not possible due to space or cost limitations. Small cells can also be utilized to extend coverage and capacity at offices and homes as well as at railway stations and shopping malls.
Additionally, the upgrade of small cell portfolio via software paves the way for future introduction of narrow-band IoT (NB-IoT) and 5G services to connect sensors and support new smart services.
The four products to be made available for deployment in China are Nokia Flexi Zone Mini-Macro, Nokia AirScale Micro RRH, Nokia Flexi Zone Micro and Nokia Flexi Zone Pico.
Zacks Rank & Key Picks
Nokia carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Computer and Technology sector are Harris Corporation (HRS - Free Report) and Motorola Solutions, Inc. (MSI - Free Report) carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Harris and Motorola have gained more than 30% and 11%, respectively, in the last six months.
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