Ericsson (ERIC) was selected as the exclusive supplier of advanced converged LTE (Long-Term Evolution) FDD/TDD and Evolved Packet Core network capabilities by China Mobile Hong Kong, one of Hong Kong`s dominant mobile operators. The enhancements will further improve user experience and optimize network operations, thus benefiting the subscribers of the operator.
The deal also entails Ericsson to develop China Mobile Hong Kong’s commercial LTE network with TD-LTE (LTE TDD) in Hong Kong.
Ericsson will augment features including Evolved IP network solution, voice over LTE (VoLTE), Ericsson Charging System, and Proactive Support Services. The VoLTE technology facilitates instant call-set-up, finer HD voice call quality and speedy LTE data services during calls. The Ericsson Charging System will give users access to personalized offers and allow better management of roaming expenses with notifications in real time. Also, the feature will quicken the time to market for China Mobile Hong Kong with its options of creating and assessing new services and bundles.
Ericsson is an established player in IP core networks, radio, Operation and Business Support System and strong system support services, and enjoys a strong foothold in the LTE technology market. With Ericsson’s advanced capabilities, operators can upgrade the IP network requirements with better performance and scalability in an economical manner.
The communications giant has been the exclusive supplier of China Mobile Hong Kong`s LTE FDD network, and its network partner for over 17 years. The deal will allow China Mobile Hong Kong subscribers to continue to benefit from Ericsson’s technological expertise and global network base.
Ericsson has been benefiting from the rising demand for 4G/ LTE technologies across emerging nations like China, India and the Middle East, as growing adaptability of mobile devices drives consumer demand for coverage speed and quality. Ericsson is tapping this opportunity by offering efficient and reliable solutions for network upgrades to telecom companies across the globe.
Ericsson presently carries a Zacks Rank #3 (Hold). Some better-ranked companies in the wireless equipment industry include Aruba Networks, Inc. (ARUN), InterDigital, Inc. (IDCC) and ViaSat Inc. (VSAT). While Aruba and InterDigital hold a Zacks Rank #1 (Strong Buy), ViaSat sports a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment