HFCL Limited has entered into an agreement with Qualcomm Technologies, Inc. for HFCL's design and development of 5G millimeter wave (mmWave) FWA (Fixed Wireless Access) CPE (Customer Premise Equipment) products. In continuation with its 5G product strategy, HFCL is expanding its 5G product p01tfolio by launching product development of 5G mm Wave FWA CPE products for India and global markets.
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 po1tfolio aims to bridge the digital divide and will also enable telcos to successfully deliver broadband internet services in rural, suburban and dense urban areas.
HFCL's 5G mm Wave FWA CPE products will support multiple spectrum bands required for the global markets. HFCL's FWA CPE products will leverage some of the advanced features of the Qualcomm® 5G Fixed Wireless Access Platform Gen 2 featuring Snapdragon® X65 5G Modem-RF System like extendedrange, carrier aggregation and Qualcomm® Dynamic Antenna Steering to deliver a superior customer experience.
"Qualcomm Technologies is a recognized world leader in 5G technology and we are very pleased with this collaboration with Qualcomm Technologies, which also aligns with our commitment to bridge the digital divide globally. FWA CPE will help strengthen HFCL 's evolving 5G product por(folio 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, " said Mahendra Nahata, Managing Director, HFCL.
"We are excited that HFCL selected the Qualcomm® 5G Fixed Wireless Access Plaiform Gen 2 to incorporate in its 5G mm Wave FWA CP E products, fi1rther supporting the digital transformation of India by developing a suite of 5G infrastructure products. Qualcomm Technologies is committed to powering innovations and supporting India's participation as a supplier of advanced 5G infrastructure products both to India and globally. We strongly believe that 5G mm Wave fixed wireless access technology will help connect the unconnected and also offer wireless fiber connectivity to Indian consumers," said Rajen Vagadia, Vice President, Qualcomm India Private Limited and President, Qualcomm India & SAARC.
Global technology intelligence firm ABI Research forecasts worldwide 5G FWA market will increase from 6 million CPE units per year in 2022 to more than 26 million per year in 2026.
Shares of HFCL Limited was last trading in BSE at Rs. 74.45 as compared to the previous close of Rs. 68.05. The total number of shares traded during the day was 3461430 in over 17013 trades.
The stock hit an intraday high of Rs. 75.50 and intraday low of 67.60. The net turnover during the day was Rs. 249747097.00.