Chinese vendor ZTE reported operating revenue of CNY83.83 billion ($13.13 billion) in the first nine months of the year, an increase of 13.1% compared to the same period the previous year, the company said in its earnings release.
During the period, net profit attributable to...
Chinese vendor ZTE reported operating revenue of CNY53.07 billion ($8.19 billion) in the first half of the year, an increase of 12.4% compared to the same period the previous year, the company said in its earnings release.
During the period, net profit attributable to holders...
Korean carrier LG Uplus ended the second quarter of the year with 3.73 million 5G subscribers, up 108.8% year-on-year, according to the company’s latest earnings statement.
The telco added a total of 971,000 5G subscribers in the first half of the year, while total net...
Chinese vendor Huawei reported a decline in earnings in the first half of the year, largely due to the impact of trade restrictions imposed by the U.S. government.
Huawei’s revenues declined by 29.4% year-on-year to CNY320.4 billion ($49.5 billion), while its net profit margin rose...
American Tower Corporation (ATC) has been investing in more efficient and scalable power solutions at many of the company’s sites to be ready for the requirements of U.S. carriers extending their 5G networks nationwide, the company’s President and CEO, Tom Bartlett, said during a...
Chinese vendor Huawei’s business felt the impact of the ongoing U.S. sanctions in the first quarter of the year, with a 16.5% year-on-year decline in revenues.
In a release, Huawei reported revenues of CNY152.2 billion ($23.5 billion) in the first quarter, while its profit margin...
Huawei reports it was up 3.8% year-over-year in 2020 with China accounting for 65% of revenues
Chinese vendor Huawei reported its sales revenues reached CNY 891.4 billion (USD 136.7 billion) in 2020, up 3.8% year-on-year while its net profit rose 3.2% to CNY 64.6 billion,...
Chinese vendor ZTE said it expects its first-quarter net profit to more than double year-on-year, to an estimated CNY 1.8-2.4 billion ($276.7-368.9 million), mainly driven by continued revenue growth and improving gross margins and profitability.
In its 2020 earnings statement, the Asian vendor reported a...
ZTE posted operating revenues of CNY 74.13 billion ($11 billion) in the first three quarters of the year, an increase of 15.4% compared to the year-ago period, the Chinese vendor said in a statement.
During the period, net profits amounted to CNY 2.71 billion, while...
Huawei reported revenues of CNY671.3 billion ($100.5 billion) for the first three quarters of the year, an increase of 9.9% over the same period last year, the company said in a release.
In the same period the previous year, the vendor had recorded a revenue...
China Mobile, the world’s largest operator in terms of subscribers, added 44 million 5G subscribers in the third quarter of 2020, the carrier said in its earnings release.
The state-run telco said it ended September with a total of 114 million 5G subscribers, compared to...
China Telecom ended the first half of the year with a total of 37.8 million 5G subscribers and expects to reach 80 million customers in the 5G segment by the end of the year.
In the first half of the year, the operator added 33.3...
China Mobile, the world’s largest operator in terms of subscribers, had a total of 188,000 active 5G base stations across the country as of the end of June, the company’s chairman Yang Jie said in a presentation.
This network allowed the carrier to offer 5G...
Korean carrier KT expressed confidence in achieving the target of closing 2020 with 3.5 million 5G subscribers.
On an earnings call, CFO Yoon Kyung-keun said that the 5G subscribers goal would be achieved due to the launch of new 5G-enabled devices including the Galaxy Note...
South Korean operator KT added 360,000 5G subscribers in the first quarter of the year, the telco said in its earnings statement.
The carrier, which launched commercial 5G services in April 2019, ended Q1 with a total of 1.78 million 5G customers.
“Since the launch of...
5G subscribers represented 9.4% of Korean telco LG Uplus’ overall mobile subscriber base at the end of the first quarter, the telco said in its earnings release.
The carrier said that 5G subscribers amounted to 1.45 million at the end of Q1 2020, up 24.9%...
Bell Canada has decided to put on hold the commercial launch of its 5G network due to the COVID-19 pandemic, the company’s CEO Mirko Bibic said during a conference call with investors.
“We are ready with our initial 5G network, but frankly we don't think...
SK Telecom, South Korea’s largest telecom operator, ended the first quarter of the year with a total of 2.65 million subscribers in the 5G segment, the carrier said in its earnings statement.
At the end of last year, the telco had a total of 2.22...
South Korea tech giant Samsung Electronics expects to see a slowdown in 5G investments in the second quarter of the year due to the negative impact of the COVID-19 pandemic, JongMin Lee, VP of Samsung's mobile communications business, said during the firm’s earnings call.
“It...
Japan’s largest carrier, NTT DoCoMo, expects to attract 2.5 million subscribers in the 5G segment by March 2021, the operator said in its earnings statement.
The telco, which launched 5G service last month, said it signed up 14,000 5G users at end-March.
5G coverage is forecast to increase...
Chinese vendor ZTE reported operating revenue of CNY21.48 billion ($3 billion) in the first quarter of 2020, down 3.2% year-on-year, chiefly due to the negative impact of Covid-19 (coronavirus) lockdown measures in China.
The vendor said that net profit attributable to holders of ordinary shares...
China Unicom said the outbreak of the COVID-19 pandemic in China has slowed the deployment of 5G networks and impacted business development.
In a statement, the company said the pandemic has also increased demand for digitalization, which could translate into new business opportunities.
The carrier’s net...
Chinese vendor Huawei reported revenues of CNY182.2 billion ($25.75 billion) in the first quarter of 2020, up only 1.4% year-on-year, the company said in a release.
Huawei also said its net profit margin for the quarter was 7.3%, down from 8% in Q1 2019.
In the...
