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Nokia (NOK) & TPG Telecom Launch 5G Standalone in Australia
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Nokia Corporation (NOK - Free Report) and TPG Telecom recently launched a live 5G standalone (SA) network on the 700MHz spectrum band in Australia.
TPG Telecom is a leading telecommunications company in Australia, which owns brands like Vodafone, TPG, iiNet, AAPT, Internode, Lebara and felix. It is reportedly the first operator in the world to achieve low band 5G SA at 700MHz.
The network will enable TPG Telecom to provide wide outdoor 5G services and deep indoor 5G coverage in urban and suburban areas. The company is committed to delivering exceptional services and products to customers.
In this project, Nokia is supplying equipment from its ReefShark-powered AirScale product portfolio. These include its triple-band remote radio unit that supports 700, 850 and 900 MHz bands. The unit also supports 3G, 4G and 5G at the same time across all TPG Telecom’s low-band frequencies.
Nokia has strengthened its long-standing partnership with TPG Telecom with this development. Together, they have developed Nokia’s triple-band radio solution specifically for TPG Telecom.
TPG Telecom’s 5G SA service is currently available in parts of Sydney. This will allow its customers to benefit from the greater availability of 5G.
Importantly, low band 5G goes further outdoor and deeper into buildings than existing 5G deployments. So this will allow the operators to provide 5G to more customers.
TPG Telecom’s low band 5G will extend its 5G reach and support its goal of covering 85% of the population in Australia’s top six cities by the end of 2021.
Nokia is expected to benefit from the increasing demand for next-generation connectivity. The Finland-based company is on track to achieve sustainable, profitable growth and technology leadership.
Nokia’s shares have gained 33.4% in the past six months compared with the industry’s growth of 4.3%.
Image Source: Zacks Investment Research
The stock currently carries a Zacks Rank #2 (Buy).
Ericsson has a trailing four-quarter earnings surprise of 22.2%, on average.
U.S. Cellular has a trailing four-quarter earnings surprise of 123.9%, on average.
Cogent has a trailing four-quarter earnings surprise of 29%, on average.
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Image: Bigstock
Nokia (NOK) & TPG Telecom Launch 5G Standalone in Australia
Nokia Corporation (NOK - Free Report) and TPG Telecom recently launched a live 5G standalone (SA) network on the 700MHz spectrum band in Australia.
TPG Telecom is a leading telecommunications company in Australia, which owns brands like Vodafone, TPG, iiNet, AAPT, Internode, Lebara and felix. It is reportedly the first operator in the world to achieve low band 5G SA at 700MHz.
The network will enable TPG Telecom to provide wide outdoor 5G services and deep indoor 5G coverage in urban and suburban areas. The company is committed to delivering exceptional services and products to customers.
In this project, Nokia is supplying equipment from its ReefShark-powered AirScale product portfolio. These include its triple-band remote radio unit that supports 700, 850 and 900 MHz bands. The unit also supports 3G, 4G and 5G at the same time across all TPG Telecom’s low-band frequencies.
Nokia has strengthened its long-standing partnership with TPG Telecom with this development. Together, they have developed Nokia’s triple-band radio solution specifically for TPG Telecom.
TPG Telecom’s 5G SA service is currently available in parts of Sydney. This will allow its customers to benefit from the greater availability of 5G.
Importantly, low band 5G goes further outdoor and deeper into buildings than existing 5G deployments. So this will allow the operators to provide 5G to more customers.
TPG Telecom’s low band 5G will extend its 5G reach and support its goal of covering 85% of the population in Australia’s top six cities by the end of 2021.
Nokia is expected to benefit from the increasing demand for next-generation connectivity. The Finland-based company is on track to achieve sustainable, profitable growth and technology leadership.
Nokia’s shares have gained 33.4% in the past six months compared with the industry’s growth of 4.3%.
The stock currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader industry are Ericsson (ERIC - Free Report) , United States Cellular Corporation (USM - Free Report) and Cogent Communications Holdings, Inc. (CCOI - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Ericsson has a trailing four-quarter earnings surprise of 22.2%, on average.
U.S. Cellular has a trailing four-quarter earnings surprise of 123.9%, on average.
Cogent has a trailing four-quarter earnings surprise of 29%, on average.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%.
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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