Ericsson To Boost Next-Tech Wireless' Network Capabilities
Zacks Investment Research | Sep 10, 2019 10:11PM ET
Ericsson (BS:ERICAs) (NASDAQ:ERIC) recently inked a deal with wireless carrier Next-Tech Wireless to help it better adapt to the modalities of upgraded network infrastructure to embrace 5G technology. The strategic deal will help Next-Tech Wireless to transform its core network facilities to combat competition as 5G services gradually roll out across the country.
Per the contract, Kansas-based Next-Tech Wireless will deploy Ericsson Fast VoLTE Launch solution, a full-stack industrialized and validated virtual IP multimedia subsystem to enable HD quality VoLTE, Wi-Fi calling and future-enriched communication services. This will help the wireless carrier to be more agile as it aims to launch commercial 5G services using both fixed and mobile access. In addition to improving operational efficiency, the transformation will augment the network capabilities for seamless IoT applications and other potential future services. Ericsson will also provide 3GPP standards-based 5G New Radio hardware and software capabilities along with virtual upgrades of the Cloud Core network.
With the emergence of the smartphone market and subsequent usage of mobile broadband, user demand for coverage speed and quality has increased in recent times. Further, to maintain superior performance as traffic increases, there is also a continuous need for network tuning and optimization. Ericsson, being one of the premier telecom services providers, is much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity. Notably, Ericsson is the world’s largest supplier of LTE technology with a significant market share and has established a large number of LTE networks worldwide.
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