๐๏ธ STOCKHOLM, Dec 5 โ In a groundbreaking move, AT&T (T.N) has announced a massive $14 billion agreement with Ericsson (ERICb.ST), aiming to revolutionize its telecom network with Open RAN technology. This deal is expected to cover 70% of AT&T’s wireless traffic in the United States by late 2026.
๐ In-Depth Analysis:
- ๐ The Deal: The five-year contract will not only enhance Ericsson’s standing in the global telecom market but also diminish Nokia’s (NOKIA.HE) influence in North America.
- ๐ Market Impact: Following the announcement, Ericsson shares soared by 9%, marking a significant triumph over Nokia, whose shares dropped by 8%.
- ๐ง Technology Shift: ORAN, or open radio access network, offers cost-effective solutions, leveraging cloud-based software and diverse supplier equipment, challenging the current proprietary norms set by Nokia, Ericsson, and Huawei (HWT.UL).
- ๐ Global Perspective: While companies like Telefonica (TEF.MC) and Vodafone (VOD.L) have tested ORAN, its widespread adoption has been gradual. AT&T’s commitment signifies a major shift in the industry.
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๐ Quotes & Insights:
- ๐ฃ๏ธ Chris Sambar, EVP of Network at AT&T: “All new equipment will be Open RAN capable. This deal is a testament to our commitment to revolutionizing the industry.”
- ๐ Analyst View: Mads Lindegaard Rosendal of Danske Bank notes, “Despite losing this contract, Nokia will maintain other sales avenues with AT&T, ensuring the relationship remains intact.”
๐ฎ Future Outlook:
- ๐ Timeline: AT&T plans to have fully integrated Open RAN sites operational in coordination with Ericsson and Fujitsu (6702.T) starting in 2024.
- ๐จ Diversified Suppliers: By 2025, AT&T’s network will include equipment from various suppliers like Corning (GLW.N), Dell Technologies, and Intel (INTC.O).
- ๐ง Industry Implications: “This isn’t just a trial; it’s a full-scale industry shift,” states Sambar, highlighting the significance of this partnership.
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