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MasOrange on track to achieve expected JV synergies

MasOrange was expecting synergies of 500 million euros four years after the closing of the transaction MasOrange, Spain’s largest mobile operator as a result of the merger between local carriers Orange Spain and Masmovil, said it had achieved savings of 85 million euros ($92 million)...

5G subs account for more than half of China Mobile’s base at end-Q3

China Mobile ended September with 539 million 5G network customers China Mobile, the world’s largest operator in terms of subscribers, has ended the third quarter of the year with over 1 billion mobile customers, of which more than half are 5G customers. In the 5G...

ZTE reports revenues of $12.6 billion in Jan-Sep

ZTE said its R&D expenses accounted for for 20.7% of operating revenue during the period Chinese vendor ZTE announced revenues of CNY 90.04 billion ($12.64 billion) for the first three quarters of 2024, representing an increase of 0.7% year-on-year. In a release, the vendor noted...

Jio Platforms reports revenue growth of 17.7% y-o-y in fiscal Q2

Jio reached 148 million 5G subscribers as of the end of September Jio Platforms, the parent company of Indian operator Reliance Jio Infocomm, has reported revenue of $4.43 billion in the second quarter of its fiscal year 2025, up 17.7% year-on-year, the company said in...

Huawei’s revenues grow 34.3% year-on-year in H1

Huawei said its net profit rose 17.8% year-on-year to CNY54.9 billion Chinese vendor Huawei recorded revenues of CNY417.5 billion ($58.8 billion) in the first half of the year, surging 34.3% year-on-year. In a brief statement, Huawei also said its net profit rose 17.8% year-on-year to CNY54.9...

ZTE H1 revenues up 2.9% year-on-year

ZTE noted its R&D expenses amounted to CNY 12.73 billion in H1, accounting for 20.4% of operating revenue Chinese vendor ZTE announced revenues of CNY 62.49 billion ($8.72 billion) for the first half of 2024, representing an increase of 2.9% year-on-year. In a release, the vendor...

China Mobile’s H1 revenues grow 3%

China Mobile plans to launch 5G-Advanced (5G-A) technology in over 300 cities across China this year China Mobile, the world’s largest operator in terms of subscribers, recorded operating revenues of CNY546.7 billion ($76.3 billion) in the first half of the year, up 3% year-on-year, the...

China Tower ends H1 with 2.07mn towers

China Tower added a total of 9,000 sites during the first half of 2024 China Tower ended the first half of the 2024 with a total of 2.07 million towers under management, after a new addition of 9,000 sites during the period. In a release, the...

SK Telecom’s 5G subscriber base surges 10.6% y-o-y in Q2

SK Telecom reported its operating profit rose 16% to KRW537.5 billion ($390.5 million) in the second quarter SK Telecom, South Korea’s largest telecom operator, ended the second quarter of the year with a total of 16.22 billion subscribers in the 5G segment, up 10.6% from...

MasOrange says it saved $50 million in H1 from merger synergies

MasOrange said its revenues in the first half of the year amounted to 3.06 billion euros, almost flat year-on-year MasOrange, Spain’s largest mobile operator as a result of the merger between local carriers Orange Spain and Masmovil, says that it has saved nearly 50 million...

Indian carrier Jio ends March with 108 million 5G subscribers

Jio noted that 5G accounted for 28% of all wireless data carried on its network Indian company Jio Platforms ended fiscal Q4, ending March 31, with 108 million subscribers in the 5G segment. Jio noted that 5G accounted for 28% of all wireless data carried...

America Movil ends Q2 with 12.8 million 5G subscribers in Mexico

In April, America Movil had reached 125 cities across Mexico with its 5G network Mexican telecoms group America Movil ended the second quarter of the year with a total of 12.8 million subscribers in Mexico, according to the carrier’s earnings report. In Mexico, America Movil operates...

Rakuten Mobile reaches 6.8 million mobile customers at end-Q1

Rakuten Mobile aims to reach 8-10 million mobile subscribers by the end of 2024 Japanese operator Rakuten Mobile, which is part of e-commerce giant Rakuten Group, has reached over 6.8 million subscribers as of the end of March, the carrier said in a release. The operator...

Korean telco LG Uplus ends Q1 with 7.19 million 5G subscribers

LG Uplus said its overall mobile user base climbed 27.8% y-o-y to 26.26 million in Q1 Korean operator LG Uplus ended the first quarter of 2024 with 7.19 million 5G subscribers, up 13.2% year-on-year, according to the company’s latest earnings statement. The telco added a total...

SK Telecom’s 5G subscriber base grows 12.6% y-o-y in Q1

During the first quarter of 2023, SK Telecom added nearly 530,000 5G subscribers SK Telecom, South Korea’s largest telecom operator, ended the first quarter of the year with a total of 15.93 million subscribers in the 5G segment, up 12.6% from 14.14 million in the...

ZTE reports revenues of $4.22 billion in Q1

ZTE said its net profits amounted to CNY2.74 billion in Q1, representing an increase of 3.7% year-on-year Chinese vendor ZTE announced revenues of CNY30.58 billion ($4.22 billion) for the first quarter of 2024, surging 4.9% year-on-year. Meanwhile, the vendor’s net profits amounted to CNY2.74 billion, representing...

China Mobile’s Q1 revenues up 5.2% year-on-year

China Mobile ended the first quarter with 488 million 5G subscribers China Mobile, the world’s largest operator in terms of subscribers, recorded operating revenues of CNY263.7 billion ($36.4 billion) in the first quarter of the year, an increase of 5.2% year-on-year, the carrier said in...

Jio reaches 108 million 5G subscribers in India

Jio also said its 5G FWA offering is already available in nearly 5,900 towns and cities in India Indian carrier Reliance Jio Infocomm has rolled out its 5G network across India, with over 108 million subscribers in the country, the telco said in its earnings...

Huawei records revenues of $99.1 billion in 2023

Huawei reported net profits of CNY87 billion in 2023, up 144.5% year-on-year Chinese vendor Huawei reported total revenues of CNY704.2 billion ($99.1 billion) in 2023. In a release, the vendor also reported net profits of CNY87 billion in 2023, up 144.5% year-on-year. In 2023, the company invested...

China Mobile ends 2023 with 465 million 5G subscribers

China Mobile reported a net addition of 138 million 5G subscribers during 2023 China Mobile, the world’s largest operator in terms of subscribers, ended last year with a total of 465 million 5G subscribers, up 42.1% year-on-year, the carrier said in its earnings statement. China Mobile...

ZTE reports revenues of $17.27 billion in 2023

ZTE recently launched a set of 5G-Advanced products at MWC 2024 Chinese vendor ZTE said it has recorded an operating revenue of CNY 124.2 billion ($17.27 billion) during 2023. In a release, the company said its net profit amounted to CNY 9.33 billion last year, representing...

Virgin Media O2’s 5G network reaches half of UK population

Virgin Media O2 said its total mobile base grew to 44.9 million in full year 2023 U.K. telco Virgin Media O2 said its 5G network reached a coverage of 50% of the country’s population as of the end of 2023, the company said in its...

LG Uplus ends 2023 with over 7 million 5G subscribers

LG Uplus said it added 980,000 5G subscribers during 2023 Korean operator LG Uplus ended the fourth quarter of 2023 with 7.04 million 5G subscribers, up 16.2% year-on-year, according to the company’s latest earnings statement. The telco added a total of 980,000 5G subscribers during 2023,...

SK Telecom ends 2023 with 15.67 million 5G subscribers

During the fourth quarter of the year, SK Telecom added nearly 524,000 5G subscribers SK Telecom, South Korea’s largest telecom operator, ended Q4 2023 year with a total of 15.67 million subscribers in the 5G segment, up 17% from 13.4 million in the same period...