Yahoo Finance Ericsson (ERIC) Partners With Intel to Augment 5G in Thailand
Ericsson ERIC recently collaborated with Intel Corporation INTC to boost 5G infrastructure development in Thailand. The Southeast Asian country is putting a strong emphasis to develop a digital foundation and ensure greater accessibility and affordability of Internet services across the nation. It is willing to leverage Ericsson and Intel’s advanced technological know-how and vast global experience to realize these goals and construct a resilient digital economy.
The joint venture will work to develop a wide range of enterprise applications that cater to the requirements of various sectors like manufacturing, transport and logistics and support communication service providers (CSP) with a seamless adoption of 5G. The deployment of innovative edge services powered by Intel and Ericsson will support the commercial expansion of local businesses with state-of-art digital solutions. Integrating 5G capabilities will allow CSPs to enhance their business-to-business engagements and foster energy efficiency and sustainability with virtualized RAN and distributed architectures.
Successful implementation of this project is essential to realize Thailand’s vision to build a robust digital economy and promote digital literacy. Ericsson backed by its strong portfolio of over 60,000 patents is committed to create an advance 5G ecosystem that will support local residents and enterprises with secure, scalable and reliable network performance.
Ericsson is benefiting from solid 5G momentum worldwide. Investments in research and development (R&D) have established it as a leader in 5G. In the Mobile Networks business, Ericsson plans to capitalize on the convergence of cloud, software and services by merging Digital Services and Managed Services to form a new segment dubbed Cloud Software and Services. With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased manifold. To maintain superior performance as traffic increases, there is a need for network tuning and optimization. Ericsson solutions are much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity.
Ericsson currently has 147 live 5G networks in 63 countries. Its ‘cost and efficiency program’ has been devised to generate higher cost savings. The company is focused on structural changes that will generate lasting efficiency gains and boost cost competitiveness. Courtesy of investing in R&D combined with operational efficiency, Ericsson has the world’s leading patent portfolio in cellular technology. It is also inclined toward stabilizing its IT, cloud and project portfolio and re-establishing profitability in Managed Services by handling existing contracts as well as investing in automation and artificial intelligence.
The stock has lost 36.4% in the past year compared with the industry’s decline of 14.2%.
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Ericsson currently carries a Zacks Rank #3 (Hold).
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InterDigital, Inc. IDCC, sporting a Zacks Rank #1, delivered an earnings surprise of 170.89%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 579.03%.
It is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular and wireless 3G, 4G and IEEE 802-related products and networks.
Akamai Technologies, Inc. AKAM, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 4.86%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 6.06%.
It is a global provider of content delivery network and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, business applications, etc. Its offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers.
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