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4-Traders Homepage  >  Equities  >  Nyse  >  Verizon Communications Inc.    VZ

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Verizon Communications : , Ericsson start 5G network trial in the US

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02/24/2017 | 05:19pm CET

US wireless communications service provider Verizon and Swedish communication technology firm Ericsson are set to put 5G network on trial in multiple cities across the US. The pre-commercial customer pilots are scheduled to begin in the first half this year.

Verizon is driving the commercial deployment of 5G with the collaboration and innovation of the Verizon 5G Technology Forum, including partners like Ericsson, said Ed Chan, Senior Vice President (Technology Strategy and Planning) of Verizon. Ericsson has been field testing various applications across the 5G network to evaluate the application behaviour.

According to the Ericsson Mobility Report, there will be 550 million 5G subscriptions globally in 2022 with North America leading the way with 25 percent of all mobile subscriptions forecast to be 5G. Ericsson 5G radios have been providing multi-gigabit speeds into subscriber locations by using advanced radio techniques. For example, beamforming can be used to find the best path for the 28GHz radio signal to reach the user, said Arun Bansal, Head of Business Unit Network Products at Ericsson.

(c) 2017 Universal Solutions S.A.E. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 125 262 M
EBIT 2017 28 834 M
Net income 2017 15 773 M
Debt 2017 94 020 M
Yield 2017 4,63%
P/E ratio 2017 13,00
P/E ratio 2018 12,63
EV / Sales 2017 2,39x
EV / Sales 2018 2,36x
Capitalization 205 095 M
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Mean consensus HOLD
Number of Analysts 32
Average target price 52,0 $
Spread / Average Target 3,4%
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NameTitle
Lowell C. McAdam Chairman & Chief Executive Officer
John G. Stratton President-Operations & Executive Vice President
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Roger Gurnani Chief Information & Technology Architect, EVP
Clarence Otis Independent Director
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