Sequans, Alcatel-Lucent collaborate to accelerate the market for LTE broadcast 4G chipmaker Sequans Communications (SQNS) announced that it has successfully completed interoperability testing of Alcatel-Lucent’s (ALU) LTE infrastructure equipment with Sequans’ eMBMS-capable LTE chipsets. eMBMS (evolved multimedia broadcast multicast service), also referred to as LTE Broadcast, is an advanced mobile video delivery technology that enables mobile operators to significantly reduce the cost of delivering high-bandwidth content to multiple users at one time over LTE networks.
Nokia upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded Nokia to Outperform citing long-term savings potential from the merger with Alcatel-Lucent (ALU). The firm raised is price target for shares to EU9 from EU7. It also upgraded Alcatel-Lucent to Outperform.