KIANEWS Nokia is selling its Gainspeed portfolio to Vecima Networks
12. 08. 2020 Wednesday / By: Robert Denes / Business / Exact time: BST / Print this page
Read this new portfolio sale, which of course Nokia Corporation has driven and sold its Gainspeed portfolio, along with all supporting technologies and devices, to Vecima Networks in Canada. Based in Victoria, Canada, Vecima is a leader in the development of integrated hardware and scalable software solutions for broadband access, content delivery and telematics. The financial terms of the transaction were not disclosed by the parties.
According to the deal, the technology and product portfolio will be integrated into Vecima’s existing Entra Distributed Access product family. Nokia employees in these key technologies will move to Vecima. Nokia intends to maintain an ongoing business relationship with Vecima, which includes enabling technologies to manage unified cable access capabilities.
Nokia’s Gainspeed cable access portfolio fits perfectly into the Vecima Entra family, which deals with the transition to the cable 10G platform and includes Distributed Access Architecture and 10G-Ethernet passive optical networking. However, the company will retain its cable-related products and solutions. This includes mobile, routing, transport, optical and wireless wireless access technology, as well as network operations and customer experience solutions. Meanwhile, the Finnish telecommunications equipment manufacturer is making progress in mobile access while improving cash generation. The company aims to accelerate its product development schedules and cost competitiveness with additional 5G investments in 2020. Nokia is showing a healthy momentum in the software and business focus areas, which is a good step forward for the licensing business. The company is in a position to benefit from the introduction of copper and fiber in passive optical networks. It is the only global vendor dedicated to O-RAN with commercial 5G Cloud-RAN networks. Nokia has expanded its IP routing business into the data center market. The company aims to accelerate strategy implementation, increase customer focus and reduce long-term costs. Nokia’s long-term revenue growth expectation is 15.6%, compared to 15.1% in the industry. The stock has risen 37.5%, compared to the industry’s growth of 30.6% in the past three months.Plantronics ’four-quarter revenue-surprise capability averaged 540%. The company’s results have exceeded Zacks Consensus Estimate’s estimate in three of the past four quarters.
Clearfield’s fourth-quarter revenue-surprising ability averaged 45.6%. The company’s revenue has made a consensus estimate over the past four quarters. Out of thousands of stocks, 5 Zacks experts have chosen their favorites to win at least 100% in the coming months. Of those five, Zacks research director Sheraz Mian chooses the one most explosive. With users in 180 countries and huge revenues, it will increase in teleworking long after the end of the pandemic. No wonder he recently submitted an impressive $ 600 million share buyback plan. The sky is the limit of this emerging technology giant. And the sooner you enter, the greater the potential profit. Via Link