Leading telecommunications provider
) recently announced that it has signed a deal with Canada-based
) to develop and deploy state-of-the-art multimedia services. The
financial terms of the deal remain undisclosed.
The contract requires Ericsson to provide TELUS with its IP
Multimedia Subsystem (IMS) solution to ensure that the latter can
offer an advanced integrated network experience to both wireline
and wireless consumers across the country.
IMS is the latest addition to the family of network
convergence solutions, and is designed innovatively to provide
advanced applications for multimedia services including voice,
data and video calling services. This service besides being
competitive is also cost effective for the consumers.
Ericsson's service will make TELUS a leading provider of core
communications services specialty in LTE (Long Term Evolution)
services for HD (High Definition) voice and video calling. The
consumers can also avail and manage the services across multiple
The solution is likely to augment TELUS' revenue by focusing
on the deployment of Rich Communication Services (RCS) and Voice
over LTE (VoLTE) services. This will further strengthen TELUS's
ongoing initiatives to emerge as an advanced consolidated
provider of network services for its 12 million customers spread
Ericsson is the world's largest supplier of LTE technology
with approximately 13% market share. To date, Ericsson has
established about 150 LTE networks worldwide and has made
communication easier and more convenient by providing high-speed
data for mobile phones and data terminals.
Ericsson currently has a Zacks Rank #3 (Hold). Investors
interested in the utility industry and telecom industry may also
consider stocks like
Ubiquiti Networks Inc.
Alliant Energy Corp.
). Ubiquiti carries a Zacks Rank #1 (Strong Buy), while Alliant
Energy presently retains a Zacks Rank #2 (Buy).
ERICSSON LM ADR (ERIC): Free Stock Analysis
ALLIANT ENGY CP (LNT): Free Stock Analysis
TELUS CORP (TU): Free Stock Analysis Report
UBIQUITI NETWRK (UBNT): Free Stock Analysis
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