Ericsson (ERIC - Free Report) has collaborated with MTS, a Russian network provider, to provide high-quality mobile broadband experience to thousands of football-lovers, who are going to attend the upcoming month-long 2018 FIFA World Cup sporting extravaganza in Russia. More than 1.5 million international fans are expected to arrive in Russia for the tournament from Jun 14 to Jul 15.
The strategic deal entails the largest deployment of Massive MIMO (Multiple Input, Multiple Output) across Europe to date. Football fans will be able to experience ultra-high data speeds at various public places in seven of the 11 tournament cities, without any loss in speed or quality.
In Moscow, the deployment covers two stadiums and fan zones, Sheremetyevo airport, Red Square, Tverskaya Street and Gorky Central Park. Saint Petersburg coverage includes stadium and fan zones, Dvortsovaya Square and Moskovsky railway station. Other covered cities include Yekaterinburg, Kazan, Niznny Novgorod, Samara and Rostov-on-Don.
Ericsson AIR 6468
For superior network connectivity, Ericsson has installed AIR 6468 for MTS at more than 40 sites across the seven cities. Ericsson AIR 6468 is the industry’s first 5G New Radio (NR)-capable radio, which features 64 transmit and 64 receive antennas, enabling it to support 5G plug-ins for Massive MIMO and Multi-User MIMO.
The AIR 6468 is designed for compatibility with the 5G NR standard while supporting Long Term Evolution (LTE). The high-performance beamforming, required for Massive MIMO, is enabled through the use of a split Cloud RAN (radio access network) architecture, which brings the required intelligence and scalability to this radio.
As mobile operators continue to invest in the LTE technology, Ericsson’s latest innovations enable them to transform their networks and business.
Massive MIMO improves capacity by transmitting data to multiple user devices using the same time and frequency by the intelligent reuse of system resources. It makes easier for operators to evolve their networks for a 5G future.
Share Price Performance
Ericsson is focusing on three key areas — core business growth, targeted growth and cost & efficiency — to enhance its cash flows in the coming quarters. Over the past three months, Ericsson’s shares have outperformed the industry with an average return of 6% against a decline of 0.7% for the latter.
Zacks Rank and Stocks to Consider
Ericsson currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Comtech Telecommunications Corp. (CMTL - Free Report) , Motorola Solutions, Inc. (MSI - Free Report) and Ubiquiti Networks, Inc. (UBNT - Free Report) . While Comtech sports a Zacks Rank #1 (Strong Buy), Motorola and Ubiquiti carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech has a long-term earnings growth expectation of 5%. It beat earnings estimates in each of the trailing four quarters, the average being 123.7%.
Motorola has a long-term earnings growth expectation of 8%. It beat earnings estimates in each of the trailing four quarters, the average being 12.1%.
Ubiquiti has a long-term earnings growth expectation of 18.6%. It exceeded earnings estimates thrice in the trailing four quarters with an average positive surprise of 8.9%.
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