Ericsson (ERIC - Free Report) recently inked a deal with Movistar Argentina to transform the latter’s Radio Access Network (RAN). Along with expanded network coverage, Movistar Argentina customers will also be offered improved mobile broadband services through this agreement.
The Movistar Argentina’s RAN transformation commences this year, but its network upgradation will be accomplished in 2021.This includes enhancements of the network’s radio access coverage and capacity, as well as modification of its operational support system to Ericsson Network Manager.
In addition to developments in mobile broadband quality and coverage, the agreement also supports Movistar Argentina's first steps toward Internet of Things (IoT) and 5 Generation (5G) through Ericsson Radio System's 5G-development capabilities. Also, certain energy-effective networks will be applied in Movistar Argentina’s RAN to lower its carbon and consumption emissions.
Going forward, this RAN transformation will aid in improving and expanding Movistar Argentina’s mobile network in Argentina.
Over the past three months, Ericsson’s shares have rallied 5.7%, as against the 0.7% decline recorded by the industry.
This Zacks Rank #3 (Hold) stock is poised to grow on the back of increased 4G deployments, 5G revolution, cost-streamlining efforts and ongoing growth projects. Per our estimates, the company’s earnings will likely be up 136.2% and 23.5% for 2018 and 2019, respectively.
Stocks to Consider
Some better-ranked stocks in the Zacks Computer and Technology sector are listed below:
Akamai Technologies, Inc. (AKAM - Free Report) sports a Zacks Rank #1 (Strong Buy). The company pulled off an average positive earnings surprise of 7.70% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Axcelis Technologies, Inc. (ACLS - Free Report) carries a Zacks Rank #2 (Buy). The company generated an average positive earnings surprise of 17.61% in the trailing four quarters.
Advanced Energy Industries, Inc. (AEIS - Free Report) also holds a Zacks Rank of 2. The company came up with an average positive earnings surprise of 6.38% during the same time frame.
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