Ericsson Collaborates with ODIDO for Upgraded Billing System
Ericsson has announced a pioneering collaboration with ODIDO, the leading mobile phone company in the Netherlands, to deploy Ericsson’s advanced billing system for its mobile virtual network offering. Wipro Limited also played a crucial role in this milestone venture with its profound telco domain knowledge.
Benefits for ODIDO and Its Subscribers
ODIDO’s strategic move to adopt Ericsson’s billing infrastructure is a significant stride towards achieving a unified business support system and integrating a cloud-native architecture. With the successful transition of all subscribers to the new billing system, ODIDO’s mobile network brand, Ben, now offers a seamless and automated billing experience with enhanced scalability, ensuring a premier service for its subscribers
Ericsson’s Robust Billing System
Ericsson’s billing system, hosted in AWS, is a convergent solution that offers a low-risk and efficient way to capture and secure revenue streams, making it an ideal match for a wide spectrum of service providers. Its open architecture enables the in-house development of configurations, promoting self-sufficiency and reducing reliance on system integrators.
Market Standing and Future Outlook
Ericsson is a significant player in the market, with a stronghold in LTE technology and a total of 157 live 5G networks across 66 countries. Moving forward, the company is focusing on 5G system development and anticipating a shift from mainstream 4G to 5G technology.
Stock Performance and Recommendations
ERIC has demonstrated a 1.6% gain in the past year, slightly lower than the industry’s growth of 3.8%. Despite this, Ericsson’s collaboration with Wipro for ODIDO’s upgraded billing system is poised to generate incremental revenues. Incidentally, Ericsson currently carries a Zacks Rank #2 (Buy).
