Nokia Corp.
NOK
has been selected by Teletalk Bangladesh to deploy the first 5G network in the South Asian country.
Teletalk is the only state-owned GSM, 3G, LTE and 5G-based mobile phone operator in Bangladesh.
The initiative aligns with the government’s digital ambitions to drive automation and Industry 4.0 in the country. The 5G network will bring faster speed and lower latency, supporting the transformation of virtually every industry.
Initially, Nokia will provide equipment from its ReefShark System on Chip-powered AirScale equipment portfolio. It will also supply its high-performance 64TRX AirScale massive MIMO Adaptive Antennas to cover all deployment settings.
Nokia has a long-standing partnership with Teletalk, covering the deployment of 2G, 3G and 4G technologies. It also supplies transport and core solutions, and inked a network modernization deal.
Nokia’s shares have gained 50.5% in the past year compared with the
industry
’s growth of 24.4%.
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Teletalk is upgrading its network to support rural areas with digital tools and launch the 5G service in the major cities. With a state-of-the-art network, Teletalk aims to deliver superior communications services to its customers. The initiative will help the operator attract subscribers in the rural region and reduce churn in the urban areas.
Nokia currently has 204 commercial 5G deals with communications service providers worldwide. It is well-poised to benefit from the ongoing technology cycle, given the strength of its end-to-end portfolio.
The company has made meaningful progress in its three-phased journey of value creation. Its focus on capital allocation and technology leadership is likely to help it grow. Nokia aims to expand its business into targeted and high-margin vertical markets to address growth opportunities beyond its traditional primary markets.
NOK currently carries a Zacks Rank #3 (Hold). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
.
Clearfield, Inc.
CLFD
is a better-ranked stock in the industry, currently carrying a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for its current-year earnings has been revised 8.8% upward over the past 60 days.
Clearfield delivered a trailing four-quarter earnings surprise of 50.8%, on average. The CLFD stock has soared 146.5% in the past year.
Qualcomm, Inc.
QCOM
, presently carrying a Zacks Rank #2, is another solid pick for investors. The consensus estimate for QCOM’s current-year earnings has been revised upward by 0.5% over the past 30 days.
Qualcomm delivered a trailing four-quarter earnings surprise of 11.2%, on average. The QCOM stock has appreciated 25.7% in the past year.
Sierra Wireless, Inc.
SWIR
currently carries a Zacks Rank #2. The consensus mark for SWIR’s current-year earnings has been revised upward by 20.5% over the past 60 days.
Sierra Wireless has a trailing four-quarter earnings surprise of 34.2%, on average. The SWIR stock has returned 15.5% in the past year.
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