Bharti Airtel recently announced that it has tied up with
LM Ericsson Telephone Company
) to deploy the latter's Intelligent Modernization Network
Solution for its prepaid subscribers. As per the agreement,
Ericsson's Network solution will upgrade one of the world's
largest prepaid customer bases, by offering flexible data plans
to prepaid customers and real-time control of chargeable
services, thereby enhancing customer experience.
With the help of Ericsson's Modernization Network solution,
customers will be able to customize their data plans across
mobile, land line and broadband by shifting to multiple domains
such as 2G, 3G, 4G and WI-FI. According to Bharti Airtel
management, prepaid customers are demanding more and more
flexibility in their packages. Given the large base of prepaid
customers, it is obvious that Airtel needs a network solution
similar to Ericsson to meet the requirements of its customers.
Further, Airtel and Ericsson have been working together for
approximately two decades now. The tremendous growth in the use
of mobiles, particularly smartphones and tablets, has led to a
substantial increase in the mobile network traffic. Hence, the
requirement of upgrade and modernization into superior technology
with high speed and cross bundling is becoming the need of the
hour for the telecom companies.
Recently, Ericsson has been receiving contracts from major
telecom operators across the globe for managing their networks as
well as for the mobile backhaul network. Similarly, Airtel, also
recently announced that it intends to acquire 74% joint venture
stake between Airtel and
Ericsson currently has a Zacks Rank #2 (Buy) while its
competitors such as
) have a Zacks Rank #1 (Strong Buy). However,
) has a Zacks Rank #2.
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