Ericsson ERIC recently collaborated with T-Mobile TMUS to bolster the growing need for remote work culture. It has been anticipated that about 22% of the American workforce, which equates to 32.6 million employees, will be working remotely by 2025. Per the agreement, T-Mobile will deploy connectivity backed by Secure Access Service Edge (SASE) capabilities for Ericsson employees’ 5G laptops.
Headquartered in Bellevue, WA, T-Mobile is a national wireless service provider offering mobile voice, messaging and data services in the postpaid, prepaid and wholesale markets. The company is extensively deploying 5G and 4G LTE (Long-Term Evolution) networks. T-Mobile’s business largely depends on its “Un-carrier Value Proposition,” which aims to enhance customer satisfaction by providing the latest products at cheaper rates and uncomplicated terms of conditions.
With 5G laptops in its Enterprise Virtual Cellular Network (EVCN) pilot in the United States, Ericsson aims to address the security concerns of enterprise IT teams and employees. The initiative is likely to mitigate fraudulent activities and enhance cybersecurity for corporate employees working remotely. T-Mobile’s best-in-class SASE solution, along with T-SIMsecure, delivered through T-Mobile’s Security Slice, is likely to give an edge to Ericsson’s EVCN solution.
The integration of the tech giants is likely to accelerate employee satisfaction and increase productivity while operating from a hybrid setup. Through eSIM profile activation, 5G laptops can be automatically connected to the TMUS network, ensuring a seamless flow of work and safety against cyber threats. With the ground-breaking deal, Ericsson is expected to shape the evolution of digitalization and a flexible work environment in the near future.
The multi-faceted collaboration with America’s most awarded 5G network provider is likely to place Ericsson at the forefront of the wireless equipment market. It believes that the standardization of 5G is the cornerstone for digitizing industries and broadband. The company is likely to ink similar contracts in the future to strengthen its position in the operating sector by elevating its technological capabilities and reliability. It currently has 158 live 5G networks across the globe, spanning 67 countries.
The stock has lost 1.5% over the past year against the industry’s growth of 11.5%
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Zacks Rank & Key Picks
Ericsson carries a Zacks Rank #3 (Hold) at present.
NVIDIA Corporation NVDA, currently sporting a Zacks Rank #1 (Strong Buy), delivered a trailing four-quarter average earnings surprise of 20.18%. In the last reported quarter, it delivered an earnings surprise of 13.41%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. IDCC, carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 170.50%. In the last reported quarter, it delivered an earnings surprise of 16.53%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular, as well as wireless 3G, 4G and IEEE 802-related products and networks.
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