Tuesday afternoon, JPMorgan's Rod Hall provided some comments on the issue, which he believes will have a slight-positive impact on Alcatel Lucent and a neutral impact on Nokia. The analyst said:
Alcatel Lucent "has been named by China Telecom as one of its top three suppliers for the rollout of LTE across China."China Telecom is preparing to expand LTE services in both new and existing regions of China, following the award of full FDD-LTE licenses by the Chinese Government, an expansion that will address exploding demand for high-performance data and video content.
"Under the contract, ALU will supply its 9926 eNodeB RAN portfolio and services during H1'15. (ALU)."
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.