HFCL inks pact with Qualcomm for 5G millimeter wave FWA product development; stock spurts ~3%

10 Aug 2022 , 01:30 PM

HFCL Limited has agreed to design and develop 5G millimetre wave (mmWave) FWA (Fixed Wireless Access) CPE (Customer Premise Equipment) products in collaboration with Qualcomm Technologies, Inc.

This collaboration is in line with its 5G product strategy. HFCL is expanding its 5G product portfolio by developing 5G mm-Wave FWA CPE products for India and global markets.

FWA provides operators with a cost-effective method of wirelessly delivering fiber-like internet speeds over 5G networks. It will provide mobile operators with new business opportunities by allowing them to offer fixed internet broadband services to consumers and businesses via their 5G network infrastructure.

The 5G mmWave FWA product portfolio from HFCL aims to bridge the digital divide and enable telcos to successfully deliver broadband internet services in rural, suburban, and dense urban areas.

HFCL’s 5G mm-Wave FWA CPE products will lend support to multiple spectrum bands required for the global markets.

According to ABI Research, the global 5G FWA market will grow from 6 million CPE units per year in 2022 to more than 26 million units per year in 2026.

At around 1.36 PM, HFCL was trading at Rs76.80 up by 3.16% from its previous closing of Rs74.45 on the BSE. The scrip touched intraday high and low of Rs78.20 and Rs74.35 respectively.