Ribbon Communications Announced Plans For A Major Network Modernization Program With Verizon To Retire Legacy TDM Switching Platforms And Replace Their Function With Modern Cloud-based Technologies
Portfolio Pulse from Benzinga Newsdesk
Ribbon Communications has announced a significant network modernization program in collaboration with Verizon. This initiative aims to retire legacy TDM switching platforms and replace them with modern, cloud-based technologies. This move signifies a major step forward in network infrastructure evolution, highlighting both companies' commitment to embracing cutting-edge technology solutions.
April 24, 2024 | 11:19 am
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POSITIVE IMPACT
Ribbon Communications' partnership with Verizon for network modernization could significantly boost its market position and visibility, potentially leading to increased demand for its cloud-based solutions.
The announcement of a major network modernization program with Verizon positions Ribbon Communications favorably in the market. This partnership not only enhances its credibility but also likely increases investor confidence in its cloud-based technologies, potentially driving up its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Verizon's initiative to modernize its network with Ribbon Communications' cloud-based technologies could improve its operational efficiency and customer satisfaction, potentially having a positive impact on its stock.
By partnering with Ribbon Communications for its network modernization, Verizon is set to retire outdated TDM switching platforms, which could significantly enhance its operational efficiencies and service offerings. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term uplift in its stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80