Time New York: Sat 20 Jan 08:00 am  |  Save 15% on H&R Block Online


Nokia and Vodacom to Jointly Try Out 5G in South Africa


Nokia Corporation NOK signed a Memorandum of Understanding with Vodacom Group to trial its 5G technology in South Africa.

Per the agreement, the two companies will use Nokia 5G technology to conduct lab and network trials of new services and business cases. In fact, Vodacom’s goal of being the first to launch 5G in South Africa will be supported by Nokia’s superior technology.

The companies will boost economic growth by bringing digitalization benefits to the healthcare, energy and manufacturing plus consumer services industries.They will initially emphasize on the delivery of Ultra-HD and virtual reality video services, utilizing the enhanced mobile broadband and ultra-low latency capabilities of 5G.

Nokia will undergo several workshops and trials with Vodacom. In the process, it will share the latest 5G innovations such as massive MIMO Adaptive Antennas, AirScale Radio Access, AirGile Cloud-native Core, Multi-Access Edge Computing and end-to-end Mobile Anyhaul transport networks to evaluate their uses to meet fluctuating demands of the country.

Moreover, the deal facilitates Vodacom’s efforts to promote digitalization, which will benefit businesses and individuals in South Africa.

Zacks Rank & Key Picks

Nokia carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Computer and Technology sector are Sonus Networks, Inc. SONS, Comtech Telecommunications Corp. CMTL and Harris Corporation HRS. While Sonus Networks sports a Zacks Rank #1 (Strong Buy), Comtech Telecommunications and Harris carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Sonus Networks, Comtech Telecommunications and Harris have surged more than 22%, 95% and 37%, respectively, in a year.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.