LCRA and Ericsson to deploy private LTE network for utilities in Texas
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Ericsson has partnered with the Lower Colorado River Authority to deploy a private LTE network in Texas, enhancing grid modernization and utility operations.
February 04, 2025 | 2:15 pm
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Ericsson has entered a multi-year agreement with LCRA to deploy a private LTE network in Texas, which will aid in grid modernization and secure utility operations.
The partnership with LCRA to deploy a private LTE network is a significant development for Ericsson, as it enhances their presence in the utility sector and supports grid modernization. This could positively impact Ericsson's stock price in the short term due to the potential for increased revenue and market influence.
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IMPORTANCE 80
RELEVANCE 90