HFCL zooms 10 per cent on partnering with Qualcomm to build a 5G millimetre wave

The shares of HFCL zoomed 10.36 per cent during Monday’s trading session.

The shares of HFCL zoomed 10.36 per cent during Monday’s trading session. Its shares traded at Rs 75.10 at the time of market closing on August 8. The current stock price is 45 per cent higher than its 52-week low, which makes it attractive to investors.   

HFCL Limited announced today that it has entered into an agreement with Qualcomm Technologies, Inc. for its design & development of 5G millimetre wave (mmWave) FWA (fixed wireless access) CPE (customer premise equipment) products. In continuation with its 5G product strategy, HFCL is expanding its 5G product portfolio by launching product development of 5G mmWave FWA CPE products for India and global markets. Global technology intelligence firm - ABI Research forecasts worldwide that the 5G FWA market will increase from six million CPE units per year in 2022 to more than 26 million per year in 2026.  

FWA helps operators with a cost-effective way to deliver fiber-like internet speeds wirelessly over 5G networks. It will enable new business opportunities for mobile operators by allowing them to offer fixed internet broadband services to consumers and enterprises using their 5G network infrastructure. HFCL’s 5G mmWave FWA product portfolio aims to bridge the digital divide and will also enable telcos to successfully deliver broadband internet services in rural, suburban & dense urban areas.   

“Qualcomm Technologies is a recognised world leader in 5G technology and this collaboration with Qualcomm Technologies aligns with our commitment to bridge the digital divide globally. FWA CPE will help strengthen HFCL’s evolving 5G product portfolio and help create new revenue streams for our customers. It also aligns with our strategy to bring new products, to new customers, and to newer geographies,” stated Mahendra Nahata, Managing Director, HFCL.   

HFCL Limited is a leading technology enterprise engaged in the manufacturing of high-end transmissions. It has access equipment, optical fiber & optical fiber cables (OFC) and is specialised in setting up modern communication networks for telecom service providers, railways, and defence.