Nokia Corp. NOK has launched a load configuration microservice for its existing Nokia Converged Charging (NCC) monetization solution.
Designed for the dynamic needs of the 5G economy, NCC provides real-time recharging capabilities that enable communication service providers (CSPs) to monetize new revenue opportunities and deliver a better experience to their customers.
Converged charging brings together online and offline systems to address emerging 5G use cases. Introduced by the 3rd generation partnership project, the charging function collects all network and service usage data.
In April, Nokia rolled out its cloud-native converged charging solution to Amazon AMZN Web Services to accelerate the migration of CSPs from high frequency charging applications to the public cloud and to deliver the benefits of the cloud for 5G.
Nokia shares have gained 42.7% in the past year compared to industry growth of 21.9%.
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The latest charging solution enables CSPs to create new charging logic and service offerings, and speed time to market when setting up 5G services. It uses an intuitive business user interface with drag and drop functionality and natural language instructions for creating deals.
Without the need for coding, CSPs have the flexibility to scale their network and meet the needs of subscribers. The solution enables CSPs to keep pace with changing customer needs to monetize services such as network slices and IoT offerings for businesses and consumers.
Using cloud-native containerized microservices, NCC delivers ultra-low latency, high frequency load. It relies on industry standards to minimize the time it takes to onboard new customers.
Nokia’s cloud-native load configuration software increases the ability of CSPs to quickly create new pricing plans. Charging solutions support major CSPs and over one billion subscribers worldwide. It will be rolled out to existing NCC customers in October.
Nokia currently has 189 5G trade deals with CSPs and 72 live 5G carrier networks. It is well positioned to benefit from the growing demand for next-generation connectivity.
The stock currently carries a Zacks Rank # 2 (Buy).
Some other top-ranked stocks in the industry are InterDigital, Inc. IDCC, sporting a Rank 1 of Zacks (strong buy) and Qualcomm, Inc. QCOM, wearing a Zacks Rank # 2. You can see The full list of today’s Zacks # 1 Rank stocks here.
InterDigital delivered a surprise profit over the last four quarters of 536%, on average.
Qualcomm has achieved a surprise profit over the last four quarters of 13.5% on average.
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