Ericsson (ERIC) Inks Deal With Du For IT Management Services

Communication technology and services giant, Ericsson (ST:ERICAs) (NASDAQ:ERIC) secured a long-term contract from UAE-based telecommunications operator du, to manage and operate the latter’s IT infrastructure.

IT systems today play a crucial role, as operators seek more tightly integrated networks and business processes. du’s partnership with Ericsson will lend support to its growth and will enable it to offer high-quality services to its clients.

Per the agreement, Ericsson will have the end-to-end responsibility for du’s IT infrastructure, application operations as well as security compliance. The company will deploy its processes, tools and working methods to develop du’s infrastructure performance and support high-quality customer experiences.

Particularly, Ericsson will be responsible for managing du’s data center operations, IT service desk, and user computing and enterprise system management processes. Ericsson will also handle IT application operations for du’s Operational and Business Support Systems and Enterprise Support Systems.

By deploying Ericsson’s solutions, du will be able to transform its IT landscape, optimize service quality and reduce time to market.

Ericsson’s offers a wide range of telecom IT managed services, which covers all activities required to run a typical IT environment. In addition to cross-domain IT expertise, Ericsson’s offerings bring an exhaustive understanding of the intricacies and opportunities that operators face.

Ericsson has been persistently seeking opportunities to expand its footprint in the global telecom IT industry. Such deals strengthen the company’s foothold in the market, expand its reach into new geographies and boost its core business, thus driving growth.

However, stiff competition and currency fluctuations have been weighing on this Zacks Rank #4 (Sell) company’s performance lately.

Some better-ranked stocks in the broader computer & technology sector include Clearfield, Inc. (NASDAQ:CLFD) , PetMed Express, Inc. (NASDAQ:PETS) and Sonus Networks, Inc. (NASDAQ:SONS) , each carrying a Zacks Rank #2 (Buy).