Nokia Corporation (ENOUGH – Free report) recently struck a deal with Indosat Ooredoo to launch the carrier ‘s 5G services in Surabaya, a port city in Indonesia. The deal will allow Indosat to offer commercial 5G services in the region and work together to deploy premium digital services in the near future.
Under the deal, the telecommunications equipment maker will provide 5G RAN solutions from its flagship AirScale portfolio for wide indoor and outdoor coverage. AirScale Radio Access products provide low-latency, high-capacity, low-cost mobile connectivity and can be easily upgraded with software updates, reducing network complexity. Nokia will also offer Indosat Dynamic Spectrum Sharing (DSS) technology, which synchronizes spectrum usage between 4G and 5G and helps network operators reuse lower-frequency 4G radio networks to deploy 5G. The DSS strategy enables the distribution of both 4G and 5G in the same band and proactively allocates spectrum resources between them, depending on consumer demand.
By unlocking network efficiency with shared interoperability, software delivery, and increased hardware sharing, Nokia has been able to reduce the overall cost of ownership for mobile operators. The company is well positioned for the current technology cycle given the strength of its portfolio from end to end. Its installed base of high-capacity AirScale products is growing rapidly. With industry-leading software, 5G RAN and IP-Backhaul solutions for this project, Nokia will help develop reference design and build case-based solutions with local partners Sepuluh Nopember Institute of Technology and the University of Oulu. This in turn is likely to help him use the huge potential of 5G to stimulate innovation in Indonesia.
The company stimulates the transition of global enterprises to smart virtual networks by creating a single network for all services, converging mobile and fixed broadband, IP routing and optical networks with software and services for their management. Using state-of-the-art technology, Nokia is transforming the way people and things communicate and connect with each other. These include a seamless transition to 5G technology, ultra broadband, IP and software-defined networks, cloud applications and the Internet of Things.
The company makes it easier for customers to move from an economically large-scale network operation to demand-based operations by offering the easy programmability and flexible automation needed to maintain dynamic operations, reduce complexity and improve efficiency. Nokia remains focused on building a stable, scalable software business and expanding it into structurally attractive neighboring businesses. He has signed more than 183 commercial 5G contracts worldwide. The company’s end-to-end portfolio includes products and services for each part of the network that help operators activate key 5G capabilities, such as networking, distributed cloud and industrial IoT. Accelerated implementation of the strategy, sharpened focus on customers and reduced long-term costs are expected to position the company as a world leader in providing 5G solutions from end to end.
Shares have risen 37.5% over the past year compared to industryrally of 29.2%.
Image source: Zacks Investment Research
We are impressed by the inherent growth potential of this stock of Zacks Rank # 2 (Buy). Some other top rated stocks in the industry are Clearfield, Inc. (CLFD – Free report), holding Zacks Rank # 1 (Strong Buy), and InterDigital, Inc. (IDCC – Free report) and Qualcomm Incorporated (QCOM – Free report), wearing the # 2 rank of Zacks. You can see the full list of today’s shares of Zacks # 1 here.
Clearfield made a surprising four-quarter profit of 49% on average.
InterDigital has a long-term profit growth of 15%. It brought an average of 536% profit for the last four quarters.
Qualcomm expects long-term profit growth of 21%. It brought a surprise profit of 13.5% on average over the four quarters.
Comments are closed.