Nokia Secures 3G Network Contract From Chunghwa Telecom

Nokia (HE:NOKIA) Corporation’s (NYSE:NOK) wholly-owned subsidiary, Nokia Solutions and Networks, has won approximately TWD 1.75 billion contract from Chunghwa Telecom Co. Ltd. (NYSE:CHT) , a Taiwanese telecommunication service provider for 3G network quality maintenance.

Moreover, Nokia in collaboration with Chunghwa Telecom plans to bring G.Fast — ultra-broadband access technology — in Taiwan. This is because a surge in 4K TV and HD video services in Taiwan is exerting severe pressure on the service providers’ capacity to deliver ultra-broadband access to customers.

Consequently, Chunghwa Telecom has started investing heavily to build a formidable fiber to the home/building network in Taiwan, which combines both fiber and copper technology for optimum results.

Recently, Nokia has also announced plans to supply an LTE Network in the 700 megahertz spectrum band to Shanghai Oriental Pearl Group. The deployment will transform the Hongkou district of Shanghai through an array of smart city services.

Additionally, the company will provide advanced wireless communications based on FDD-LTE technology to smart cities as well as public safety applications.

Nokia Gears Up for 5G

To ensure a smooth switch over to 5G, Nokia is expanding its ultra-broadband product portfolio, thus helping operators to improve LTE coverage and enhance network performance.

In fact, the company is enhancing its AirScale Remote Radio Head portfolio to enable operators to boost its performance and cell capacity as a result reducing space requirements at cell sites.

Going forward, Nokiawill also bring into play new dual- and single-band FDD-LTE and TD-LTE radios, which in turn will use carrier aggregation techniques, 4x4 MIMO and 8x4 Beamforming.

Notably, to improve coverage and capacity in the busiest hotspots and crowded urban environments Nokia has launched Flexi Zone small cells. On the Femtocell portfolio Nokia has extended the self-organizing network features ascertaining smooth integration and elevated performance in heterogeneous networks.

Furthermore, the company has added new features on its Flexi Zone Citizen Band Radio Service small cells that will support Spectrum Access Server and Citizen Broadband Radio Service Device Proxy connectivity. Also, Nokia Wavence microwave supports Carrier SDN, to offer backhaul flexibility for very dense city networks.

Zacks Rank & Price Performance

Shares of Nokia have declined 5.5% compared with the industry’s fall of 9.8%, over the past three months. The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Stocks to Consider

Investors interested in the broader Computer and Technologysector may consider better-ranked stocks like Arista Networks, Inc. (NYSE:ANET) and Motorola Solutions, Inc. (NYSE:MSI) .

Arista Networks currently sports a Zacks Rank #1 and expects earnings per share (EPS) growth rate of 19.3%, over the next three to five years.

Motorola Solutions currently holds a Zacks Rank #2 (Buy). The company expects EPS growth rate of 5.2%, over the next three to five years.

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