YOU ARE AT:TagsFinancial results

BROWSING: financial results

China Mobile to add 340,000 new 5G base stations this year

China Mobile has already deployed 5G-Advanced technology in hundreds of Chinese cities, as of the end of last year. China Mobile, the world’s largest mobile carrier in terms of subscribers, has outlined plans to deploy 340,000 additional 5G base stations in 2025. With these new...

ZTE reports revenues of $16.65 billion in 2024

ZTE explained that the external environment remained complex and volatile last year, marked by adjustments in industry investment structures Chinese vendor ZTE Corporation reported full-year revenue of CNY 121.30 billion ($16.65 billion) for 2024, the vendor said in a release. During last year, net profit attributable...

MasOrange boost 5G in 2024, unlocks merger synergies

MasOrange said its 5G network now covers nearly 90% of the Spanish population across more than 3,700 municipalities MasOrange, Spain’s largest mobile operator as a result of the merger between local carriers Orange Spain and Masmovil, achieved total revenues of 7.388 billion euros ($7.724 billion)...

AI-driven expansion fuels SK Telecom’s growth in 2024

SK Telecom had reorganized its operations into seven key divisions, with a strong focus on AI Korean telco SK Telecom has reported its financial results for the fiscal year 2024, highlighting significant advancements in artificial intelligence (AI) alongside steady revenue growth in its telecommunications and...

Jio ends 2024 with 170 million 5G subscribers

Jio added 22 million 5G subscribers in its fiscal Q3 2025, which ended on December 31 Indian telco Reliance Jio Infocomm ended 2024 with 170 million 5G subscribers, according to the quarterly report issued by Reliance Industries, Jio’s parent company. The company noted that 5G accounted...

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...