Appalachian Wireless, An East Kentucky Network company, Selects Ericsson 5G
Portfolio Pulse from Benzinga Newsdesk
Ericsson (NASDAQ:ERIC) has been selected by Appalachian Wireless, an East Kentucky Network (EKN) company, for a multi-year Radio Access Network (RAN) modernization project to bring 5G technologies to underserved communities in Appalachia. The project will expand Ericsson's 5G capacity and coverage and replace aging RAN equipment with Ericsson Radio System solutions. The majority of the modernization efforts will take place in 2023 and 2024.
October 16, 2023 | 1:03 pm
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POSITIVE IMPACT
Ericsson's selection for the 5G modernization project by Appalachian Wireless could boost its revenues and strengthen its position in the 5G market.
The news directly pertains to Ericsson as it has been selected for a multi-year 5G modernization project. This could potentially increase its revenues and strengthen its position in the 5G market, which could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100