Blog Coverage Cisco and Ericsson Announced Partnership Extension – Set to Include New Wi-Fi Solutions

LONDON, UK / ACCESSWIRE / January 6, 2017 / Active Wall St. blog coverage looks at the headline from Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) and Cisco Systems Inc. (NASDAQ: CSCO) as both companies announced on January 05, 2017, an extended strategic partnership, where, a new Wi-Fi solution offering, named Evolved Wi-Fi Networks (EWN) will be developed. The EWN will reportedly bring Cisco’s Wi-Fi portfolio along with Ericsson’s core networks, 3GPP access, and applications on the same platform. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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About the Companies

Ericsson is headquartered in Stockholm, Sweden and has been operating for more than 140 years. The firm has been the global leader in delivering ICT (Information and Communications Technology) solutions, and currently, 40% of the world’s mobile traffic is carried over Ericsson networks. Ericsson boasts of a pan-nation presence across 180 countries with a patent portfolio of over 39,000 patents.

Cisco is one of the leading designer and sellers of integrated solutions to develop and connect networks around the world. The firm reported $12.6 billion revenue for Q4 2016 and an employee count of 73,711. Cisco is the worldwide leader in networking and related solutions where it helps its customers build networks and automate, orchestrate, digitize, and integrate information technology-based products and services.

The Long-Term Partnership Venture

Cisco and Ericsson announced a global strategic business partnership, almost a year back, on November 09, 2015. The firms announced a technology partnership where, the joint venture would include 5G, IoT, SDN & NFV, and Cloud R&D collaboration. The joint venture focused on developing and end-to-end product and services portfolio to accelerate new business models. The firms additionally aimed at developing highly secure technology architecture to ensure seamless indoor/outdoor integration through wireless networks.

This announced collaboration to develop EWN is another indication towards the development of Cloud, SDN & NFV capabilities. The Wi-Fi traffic is predicted to grow to 50% of the total IP traffic by the year 2020. Hence, service providers will aim to offer the best-in-class experience to their customers through advanced Wi-Fi solutions.

Evolved Wi-Fi Networks

Cisco views this collaboration as an opportunity to deliver best-in-class Wi-Fi solutions to its enterprise clients and macro consumers. EWN is set to be offered as a fully managed service across more than 180 countries.

The EWN Networks are set to bring in several benefits, including:

Indoor Small Cells: Enhanced deployment in both Wi-Fi and Cellular Connectivity segments by combining indoor Ericsson access networks and Cisco WLAN solutions.
Operator Wi-Fi: Operators, who have outdoor Ericsson access networks, can use Cisco WLAN to offer access to their subscribers.
Traffic Steering: Integration of Cisco WLAN with Ericsson indoor or macro access networks through Ericsson’s Real Time Traffic Steering feature enabling operators to steer users seamlessly between Mobile and Wi-Fi access networks.

Stock Performance

At the close of trading session on January 05, 2017, Ericsson’s stock price slightly fell 0.34% to end the day at $5.87. A total volume of 2.30 million shares were exchanged during the session. The Company’s share price has gained 10.75% in the past one month and 0.69% on YTD basis. The stock currently has a market cap of $19.32 billion. Additionally, the Company’s shares are trading at a PE ratio of 16.97 and have a dividend yield of 7.84%.

Cisco’s share price finished yesterday’s trading session at $30.17, marginally up by 0.23%. A total volume of 18.36 million shares exchanged hands. The stock has advanced 2.17% in the last month, 5.84% in the past six months, and 19.10% in the previous twelve months. The stock is trading at a PE ratio of 14.40 and has a dividend yield of 3.45%. The net market capital for the firm stood at $152.65 billion at the close of Thursday’s trading session.

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