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Ericsson’s (ERIC) Partnership With Telefonica Gets Extension


Ericsson ERIC has been selected for a three-year deal by Telefônica Brasil S.A. VIV, to power the latter’s range of advanced TV services across its operating businesses in Latin America. The financial terms of the deal were undisclosed. The deal builds on the long-standing partnership between the companies, which has lasted for more than a decade.

The solution will be implemented in 13 countries. It will be available in Argentina, Brazil, Chile, Colombia and Peru by the end of 2018, with eight other Latin American countries to follow by the end of 2020.

Per the deal, Ericsson Media Solutions will deploy its Video Storage and Processing Platform (VSPP) to enable Telefonica to launch seven-day catch up and time shift services to subscribers across the region.

As part of the deployment, Ericsson Media Solutions will optimize current system architectures, and increase system capacity to enable a full range of personalized and seamless advanced TV everywhere experiences.

This deployment will enable Telefonica to transform its service delivery by virtualizing the storage and processing capabilities of its servers ensuring that catch-up and VOD services are delivered reliably, seamlessly and quickly to subscribers all over Latin America.

Service providers today are faced with huge libraries of content and HD recordings that they need to quickly and efficiently deploy as part of complex time-shifted TV services. The deal has already witnessed deployment of VSPP by Telefonica in Peru. Telefonica has also deployed Ericsson Media Solutions services in Spain.

Over the last six months, shares of Ericsson have outperformed the industry with an average return of 10.4% compared with growth of 5.7% for the latter.

Ericsson carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry are Comtech Telecommunications Corp. CMTL and BlackBerry Limited BB, both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Comtech Telecommunications has an expected long-term earnings growth rate of 5%. It exceeded earnings estimates in each of the trailing four quarters, with an average of 111.4%.

BlackBerry has an expected long-term earnings growth rate of 18.6%. It exceeded earnings estimates twice in the trailing four quarters, with an average of 500%.

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