Nokia Wins Two-Year 5G Deal Extension From Indosat: Stock to Gain?

Nokia Corporation NOK recently announced a two-year deal extension with Indosat Ooredoo Hutchison, a leading mobile operator in Indonesia. The deal will leverage Nokia’s advanced connectivity and technological solutions to expand Indosat’s 4G and 5G network infrastructure across the country.Digging Deep Into NOK-Indosat Extended DealAs part of the agreement, Nokia will deploy equipment from its state-of-the-art industry-leading 5G AirScale equipment portfolio, comprising multiband radio technology and high-capacity baseband solutions. This portfolio integrates Nokia’s energy-efficient ReefShark System-on-Chip technology to deliver faster speeds, lower latency and greater capacity to help Indosat meet growing demands. These technologies, combined with AI and machine learning, will facilitate better monitoring and management of the network with fewer people to ensure seamless equipment installation and superior performance. Additionally, Indosat will benefit from Nokia's FastMile Fixed Wireless Access solutions, which are renowned for their network optimization capabilities. The 5G FastMile gateway of the solution features high-gain antennas that help maximize bandwidth and have innovative technologies to help customers position the gateway for the best 5G signal. The combination of expanded 4G and 5G coverage, along with these advanced technologies, is expected to fuel economic growth and improve connectivity for millions of residents in the South East Asian country.Does NOK Stand to Gain From the Extended Collaboration?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. Nokia’s expertise in mission-critical networks is well-established, with deployments across more than 2,600 leading enterprise customers in the transportation, energy, manufacturing, webscale and public sector segments worldwide.This extended collaboration with Indosat is likely to propel the stock with incremental revenue generation and inducement of similar deals from other carriers in the future. The deal is also expected to strengthen Nokia’s position as a leading telecommunications equipment provider in the region.NOK’s Stock Price PerformanceShares of Nokia have gained 39% over the past year compared with the industry’s growth of 38.8%.Image Source: Zacks Investment ResearchNOK’s Zacks Rank and Key PicksNokia currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader industry have been discussed below.Ericsson ERIC carries a Zacks Rank of 2 (Buy) at present. In the last reported quarter, ERIC delivered an earnings surprise of 22.22%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Headquartered in Stockholm, Sweden, Ericsson is a leading provider of communication networks, telecom services and support solutions. The company is a leader in telecommunications and is now expanding its role into an ICT (Information and Communications Technology) solutions provider.InterDigital, Inc. IDCC sports a Zacks Rank of 1 at present. It has a long-term growth expectation of 17.44%IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. Ubiquiti Inc. UI sports a Zacks Rank #1 at present. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. Its highly flexible global business model remains apt to adapt to the changing market dynamics to overcome challenges while maximizing growth.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ericsson (ERIC): Free Stock Analysis Report Nokia Corporation (NOK): Free Stock Analysis Report InterDigital, Inc. (IDCC): Free Stock Analysis Report Ubiquiti Inc. (UI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks