This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Etisalat Group And Ericsson Collaborate To Power The Networked Society Initiatives

  • Etisalat Group to boost its high-speed communications and video delivery networks using Ericsson's innovative technologies and services
  • Citizens to have access to public services from any internet-enabled mobile device, anywhere and anytime

STOCKHOLM, Sweden, Feb. 25, 2014 (GLOBE NEWSWIRE) -- In recognition of the ICT (information and communications technology) market transformation and the need to adopt the latest digital technologies to satisfy consumers, Etisalat and Ericsson (NASDAQ: ERIC) have signed a Memorandum of Understanding for a new collaboration at Mobile World Congress (MWC). The collaboration will enable a high-speed, responsive network, laying the foundation for next-generation infrastructure for m-government and smart city initiatives.

High-speed broadband connectivity is fundamentally changing the way people live, interact and do business; consumers expect access to information, entertainment and businesses with faster speeds.

Through this partnership, Etisalat Group will launch trials of innovative Ericsson technologies such as LTE Broadcast, Ericsson Radio Dot System, and Ericsson's heterogeneous network solutions.

"Over the years, Etisalat Group has demonstrated its ability to build and sustain the most advanced and innovative networks," says Mr. Hatem Bamatraf, Chief Technology Officer at Etisalat Group. "Conducting such innovative trials is only the first step. This will pave the way for further collaborations and the eventual delivery of more advanced, reliable and faster broadband access to users across the region," he added.

Etisalat will jointly collaborate with Ericsson to roll out a mobile identity based service, and to explore opportunities for expanding these services across each of the countries Etisalat Group operates in. Mobile identity is a key foundation for m-government, m-commerce and m-health services. The service allows subscribers to use their mobile identity securely via a one-click sign in, giving access to diverse applications, government services and websites, without the risk of being data-mined by the various ID providers.  

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs