HFCL gains on collaboration with Qualcomm Technologies

6 Oct 2022 , 02:54 PM

Under the partnership, HFCLs investment in 5G outdoor small cell products will enable faster rollout of 5G networks, improved 5G user experience and more efficient utilization of 5G spectrum, said the company. HFCLs 5G outdoor small cell is an all-in-one small cell and supports both 5G non standalone (NSA) and standalone (SA) mode. It supports flexible deployment options and can be deployed on street poles, walls of building and on rooftops to cover traffic hotspots, fill network coverage holes and also to improve the coverage at public venues like railway-station, stadiums and airports. Small cell deployments help to enhance coverage in places where existing macro cells have coverage holes or blackspots, or where coverage does not exist all. In addition, small cells provide capacity enhancements by offloading traffic from macro cells in densely occupied locations. Global market research firm Fortune Business Insights forecasts worldwide 5G small cell market will increase from $740 million in 2020 to $17.9 billion by 2028 at a CAGR of 54.4%. Mahendra Nahata, managing director of HFCL said, ?Qualcomm Technologies is the worlds leading wireless technology innovator, and we are very pleased to be working with them on 5G Small Cell. As operators start rolling out 5G networks in India, they need outdoor small cells to complement their macro networks for a seamless 5G experience. Qualcomm Technologies innovative and highly integrated 5G small cell platform enables us to more quickly develop a portfolio of small cell products for both sub-6 GHz and millimeter wave to address India and global markets.? Rajen Vagadia, vice president of Qualcomm India and President at Qualcomm India & SAARC said, ?As 5G becomes mainstream in India, small cells will be crucial for successful 5G infrastructure and realizing the potential of IoT and smart cities. Qualcomm Technologies is committed to supporting and accelerating Indias 5G journey, and we are pleased to be working closely with an industry leader such as HFCL to enhance network densification, accelerate 5G adoption and deliver unparalleled consumer experiences in India.? HFCL is a technology enterprise engaged in manufacturing of high-end transmission and access equipment, optical fiber, optical fiber cables (OFC). It is specialized in setting up modern communication network for telecom service providers, railways and defense. The companys consolidated net profit (from continuing operations) tumbled 41.45% to Rs 53.10 crore on 12.9% decline in net sales to Rs 1,051.02 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News