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Ericsson Inks Deal to Raise Ooredoo's Network Capacity

Premium wireless equipment company EricssonERIC recently inked a five-year agreement with Ooredoo Group, for offering its premium radio, transmission and core solutions, along with certain related integration and implementation services. The value of the deal is, however, not disclosed.

Ericsson's above-mentioned software value packages, coupled with its non-imitable software model, would help fulfill Ooredoo Group's user-end expectations in a more proficient manner and hence improve its network performance. Per the agreement, Ericsson would provide 2nd Generation (''G''), 3G and 4G indoor small cells and radio equipment solutions to Ooredoo Group.

Ericsson believes that the new deal with Ooredoo Group would support the process of digital transformation in the Middle East and African countries, led by innovative telecom solutions and services.

Ericsson is a popular provider of communication networks, telecom services and support solutions. A leader in telecommunications, the company remains keen on expanding its role as an ICT (Information and Communications Technology) solutions provider. We believe the above-mentioned deal would not only boost Ericsson's brand value in the market but also help improve its revenues in the upcoming quarters.

Stocks to Consider

Ericsson currently carries a Zacks Rank #4 (Sell). Better-ranked stocks in the industry include Juniper Networks, Inc. JNPR , Motorola Solutions, Inc. MSI and ViaSat Inc. VSAT . All three stocks hold a Zacks Rank #2 (Buy).

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JUNIPER NETWRKS (JNPR): Free Stock Analysis Report

ERICSSON LM ADR (ERIC): Free Stock Analysis Report

MOTOROLA SOLUTN (MSI): Free Stock Analysis Report

VIASAT INC (VSAT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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