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...
China Mobile, the world’s largest operators in terms of subscribers, added 29.17 million 5G subscribers in the first quarter of 2020, the company said in its earnings release.
The carrier said it ended March with a total of 31.72 million 5G subscribers, compared to 2.55...
Chinese vendor Huawei recorded revenues of CNY858.8 billion ($123 billion) in 2019, up 19.1% year-on-year, while its net profit reached CNY62.7 billion, up 5. 6% versus 2018, the company said in its annual report.
Huawei invested 15.3% of its 2019 revenue – or CNY131.7 billion...
Chinese vendor ZTE announced its 2019 net profit amounted to CNY5.15 billion ($726 million), a year-on-year growth of 173.7%.
The company attributed the positive performance to double-digit growth in Asia and Africa, and strong gains in the vendor’s network group, which offset a decline in...
Mexican telecom group America Movil, the telecoms giant controlled by the family of billionaire Carlos Slim, expects to launch 5G technology in certain Latin American markets by the end of the year, the company’s CEO Daniel Hajj said during a conference call with investors.
“In...
South Korean mobile operator SK Telecom expects to reach 6-7 million subscribers in the 5G segment by the end of 2020, the company’s CFO, Poong-Young Yoon, said durin a conference call with investors.
At the end of last year, the operator reached 2.08 million 5G...
ZTE reports net profits up more than 150% year-over-year
ZTE Corporation posted revenues of CNY 64.2 billion ($9.1 billion) in the first three quarters of the year, an increase of 9.3% compared to the year-ago period, the Chinese vendor said in a statement.
During the period,...
Huawei Technologies posted revenues of CNY 610.8 billion ($86 billion) in the first three-quarters of the year, climbing 24.4% year-on-year, despite a trade ban imposed by the U.S. government earlier this year.
The company's net profit margin in this period was 8.7%, Huawei said in...
ZTE counted 25 commercial 5G deals
Chinese vendor ZTE reported operating revenue of CNY 44.6 billion (6.2 billion) in the six months ended June 30, climbing 13.1% compared to the same period the previous year, the company said in a statement.
The company also said that...
Chinese vendor Huawei recorded revenues of CNY 401.3 billion ($ 58.3 billion) in the first half of the year, climbing 23.3% compared to the same period the previous year, the company said in its earnings statement.
Huawei’s net profit margin for the first six months...
Huawei subsidiary Futurewei cut 600 researchers from US operations
Chinese vendor Huawei Technologies’s revenue grew nearly 30% in the first half of the year as the company managed to secure the supply of critical components to keep production going despite U.S. technology export restrictions, Bloomberg...
Chinese vendor ZTE posted a CNY860 million ($128.2 million) profit for the first quarter of the year, compared with a loss of CNY5.4 billion in Q1 2018.
Operating revenue of CNY22.2
billion in Q1 2019 was down 19.3% from CNY27.5 billion in the same quarter...
Huawei posted revenues of CNY179.7 billion ($26.8 billion) in the first quarter of 2019, an increase of 39% year-on-year, the company said in a release.
The vendor's net profit margin in Q1 2019 was about
8%, slightly higher compared to the same period last year.
“Huawei maintained...
Ericsson aims to obtain a share of 5G contracts in the Chinese market once local carriers start to deploy the technology, the company’s president and CEO Börje Ekholm said during a conference call with investors.
“Our
estimate is that they will commence rollouts in the later...
ZTE expects profits for the first quarter to reach almost $179 million
Chinese vendor ZTE Corporation forecasted a first quarter profit of up to CNY 1.2 billion ($178.18 million) as it recovers from sanctions imposed by the U.S. government in 2018.
Shares of ZTE rose as...
ZTE's management said the vendor expects to return to profits in Q3
Chinese vendor ZTE reported a net loss of CNY 7.8 billion ($1.1 billion) for the first half of 2018, in line with its earlier warning over the impact of an export ban imposed...
Cisco’s revenues for fiscal Q4 were up 6% year-on-year
Cisco foresees large investments by telecom operators in 5G technologies in 2020, the company’s CEO Chuck Robbins said on a conference call with investors.
“We expect that is still a year out before many will start ...
International revenues represented 67.6% of Deutsche Telekom's quarterly revenues
German telecom group Deutsche Telekom posted a net profit of 495 million euros ($567 million) in the second quarter of the year, down 43.4% compare to 874 million euros in Q2 2017 due to a one-time...
