[ACCESSWIRE]
LONDON, UK / ACCESSWIRE / January 17, 2017 / Active Wall St. blog coverage looks at the headline from Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) and China Mobile Ltd. (NYSE: CHL) as both companies announced on January 12, 2017, that they have entered a collaboration on Internet of Things pursuant to the strategic agreement signed at the China Mobile Global Partner Conference Guangzhou, China, on December 20, 2016. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.
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The Ericsson Device Connectivity Platform
China Mobile views growth through Ericsson Device Connectivity Platform to facilitate seamless provisioning and to deploy services to capitalize new business opportunities in the industry. Ericsson's Device Connectivity Platform is an IoT connectivity management platform, which enables enterprises to manage connectivity on a global scale throughout the lifecycle of the concerned device. The flagship platform from Ericsson lowers the operational costs through:
- Real-time monitoring and control over connectivity performance.
- Complexity removal through a single, uniform interface and integration across multiple mobile operator networks.
- Simplified and improved device production and distribution processes.
The Device Connectivity Platform is based on a single Mobile Core Network and is accessible to all operators across the globe. It will enable China Mobile to integrate resources of roaming partners and offer global enterprise customers reliable connectivity upon service level agreements. Several other benefits including the selection of access network and unified approach to customer portals will be offered under the collaboration.
Ericsson's Device Connection Platform was launched in 2008 and is used by more than 24 operators and supports 1,700 customers across the industry. The Company works with Bridge Alliance and the Global M2M association to offer a seamless user experience summed with worldwide coverage and superior quality services for IoT applications.
The 5G growth portfolio
Ericsson views this collaboration as a step towards growth in the development and deployment of 5G technology. On August 30, 2016, Ericsson stated that it would start delivering all components necessary to roll out fifth-generation, 5G, mobile-phone networks in 2017. The declaration came ahead of the previous 2020 deadline set by inter-government agencies to agree on frequencies and standards for the new infrastructure.
By delivering 5G prototypes to customers, network-equipment makers view an opportunity to gain influence on the standard-setting process. On December 24, 2015, Ericsson and China Mobile Research Institute (CMRI) signed and MoU to collaborate on 5G research and development. Nokia and Huawei also stated that future equipment is being tested with customers. Networks represented 50% of the net sales for Ericsson in 2015 with the net sales amounting to SEK 123.7 billion ($ 13.85 billion) for the segment.
Ericsson's growth strategy
Prior to this collaboration with China Mobile, Ericsson partnered with KDDI on June 30, 2016, to deliver IoT connectivity to enterprise customers. The Device Connection Platform offered enhanced connectivity to KDDI's enterprise customers and supported the deployment of IoT solutions on a global scale. Ericsson signed a MoU with CMRI on January 11, 2017, to promote collaborative research and development of Cloud RAN (The key facilitator on the network evolution from 4G to 5G).
Stock Performance
At the closing bell, on Friday, January 13, 2017, Ericsson's stock marginally rose 0.68%, ending the trading session at $5.92. A total volume of 2.45 million shares were traded at the end of the day. In the last month and previous three months, shares of the Company have advanced 4.04% and 8.82%, respectively. Moreover, the stock gained 1.54% since the start of the year. The Company's shares are trading at a PE ratio of 16.87 and have a dividend yield of 7.77%. The net market capital for the firm stood at $19.43 billion considering Friday's closing price.
Last Friday, China Mobile's stock price slightly climbed 0.75% to end the day at $55.15. A total volume of 506.59 thousand shares were exchanged during the session. The Company's share price has gained 8.52% in the past twelve months and 5.19% on YTD basis. The stock currently has a market cap of $228.47 billion. The Company's shares are trading at a PE ratio of 13.91 and have a dividend yield of 3.14%. The net market capital for the firm is currently at 225.58 billion.
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