Ribbon's IP Optical Solutions Selected By American Electric Power For Supply Chain Reliability And Enhanced Network Capabilities
Portfolio Pulse from Benzinga Newsdesk
Ribbon Communications Inc. (NASDAQ:RBBN) has been selected by American Electric Power (AEP) to supply IP and Optical products to enhance AEP's network capabilities and supply chain reliability. This partnership underscores the importance of digital transformation in the utilities sector, meeting regulatory, security mandates, and improving services. Ribbon's solutions will support AEP's critical communications needs, emphasizing the significance of Ribbon's technology in modernizing and securing national infrastructure networks.
February 08, 2024 | 1:12 pm
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Ribbon Communications Inc. (RBBN) partners with AEP to provide IP and Optical solutions, highlighting Ribbon's role in enhancing national infrastructure networks.
The partnership with AEP, a leader in the utilities sector, not only showcases Ribbon's technological capabilities but also potentially opens doors for further contracts within the sector. This could lead to increased demand for Ribbon's products, positively impacting its stock price in the short term.
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IMPORTANCE 85
RELEVANCE 90