Smartfren Telecom And Aviat Establish Strategic Collaboration In Indonesia; Agreement Leverages Unique Capabilities From Each Company To Address Industry Digitalization And Automation In Private Networks Across Indonesia
Portfolio Pulse from Benzinga Newsdesk
Aviat Networks, Inc. (NASDAQ:AVNW) has entered into a strategic collaboration with PT Smartfren Telecom Tbk to provide wireless connectivity and digitalization services for private networks in Indonesia. The partnership aims to capitalize on the growing market for private LTE and 5G networks, which is expected to reach $7.4 billion by 2027. Aviat, having recently acquired NEC's Wireless Transport Business, is now a leading provider in Indonesia and will supply equipment and services for Smartfren's private network offerings.
January 08, 2024 | 2:34 pm
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Aviat Networks' strategic partnership with Smartfren to provide private network services in Indonesia could enhance its market position and revenue potential in a growing market.
The collaboration with Smartfren is likely to have a positive impact on Aviat Networks' short-term prospects due to the expansion into a new market with a growing demand for private LTE and 5G networks. The acquisition of NEC's Wireless Transport Business and the existing local presence in Indonesia further strengthen Aviat's competitive position, which could lead to increased investor confidence and a potential rise in stock price.
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