Per media reports, Ericsson (ERIC - Free Report) has been chosen by Batelco to commercially deploy 5G technology to improve day-to-day operations of people, enterprises and industries across Bahrain. Financial terms of the deal were not disclosed. The nationwide rollout is likely to take place in phases in key locations.
Notably, this agreement strengthens the Swedish telecom equipment provider’s long-standing partnership with Batelco, a leading telecommunications company in Bahrain.
Ericsson has been continually investing in its competitive 5G-ready portfolio to enable communications service providers to seamlessly migrate to 5G and capture the full value of connectivity. This strategic move will see its commercial 5G equipment, which includes 5G New Radio, mobile transport and core, being deployed in Batelco’s network.
Notably, the company’s high-speed and low-latency 5G technology will likely help Batelco to address the increasing demand for data traffic, while providing better mobile broadband and fixed wireless experiences. Ericsson has upgraded its comprehensive 5G Platform with portfolio additions across core, radio access, transport areas and service orchestration. Remarkably, the add-ons make the platform more dynamic and flexible, enabling service providers to easily transform their networks and deploy 5G at scale.
The latest deal will help mobile broadband subscribers and industries to capitalize on 5G technology, Internet of Things (IoT) and the fourth industrial revolution. The shift to 5G will bring enhanced mobile broadband to subscribers across Bahrain with greater speed and low-latency for superior customer experience.
With concerted efforts, Ericsson is focusing on the development of 5G ecosystem to position itself for market leadership. The company believes that standardization of 5G is the cornerstone of digitization of industries and broadband. As 5G accelerates the digital transformation in many industries, enabling new use cases in areas such as IoT, automation, transport and Big Data, Ericsson is poised to benefit from favorable growth dynamics.
Ericsson is actively pursuing three key areas — core business expansion, targeted growth, and cost and efficiency. It continues to execute its strategy and is well on track to achieve 2020 financial targets. It maintains strong control of its cost position to stay competitive and profitable.
Ericsson’s R&D investments over the past two years have secured a competitive and industry-leading offering. Artificial intelligence and automation remain key enablers for the company’s future business development, creating customer and shareholder value.
Driven by diligent execution of operational strategies alongside collaborations with industry frontrunners, shares of Ericsson have rallied 48.3% compared with the industry’s rise of 9.5% in the past year.
Currently, Ericsson has a Zacks Rank #4 (Sell). Some better-ranked stocks in the industry are Ubiquiti Networks, Inc. (UBNT - Free Report) , Harris Corporation (HRS - Free Report) and Motorola Solutions, Inc. (MSI - Free Report) . While Ubiquiti sports a Zacks Rank #1 (Strong Buy), Harris and Motorola carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ubiquiti has a long-term earnings growth expectation of 20.4%.
Harris has a long-term earnings growth expectation of 8%.
Motorola has a long-term earnings growth expectation of 8%.
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