Search Results for: China 5G
Vodafone: GenAI overhyped, will spend $151M to enhance its chatbot with AI
GenAI is probably the most “overhyped” technology for many years in the telecom industry, said Vodafone Group’s chief technology officer (CTO) Scott Petty at a press briefing this week. “Hopefully, we are reaching the peak of those inflated expectations, because we are about to drop into a trough of disillusionment,” he said. “This industry is… Read more
Nokia to acquire Infinera for $2.3 billion, boosting optical network division size by 75%
Nokia has agreed to buy optical networking equipment vendor Infinera in a deal worth $2.3 billion. 70% of the sum will be paid in cash, the remaining 30% in Nokia shares. Nokia said it will accelerate its share buyback program to offset the dilution. The acquisition will grow the size of its Optical Networks division… Read more
Analysys Mason’s gloomy CAPEX forecast: “there will not be a cyclical recovery”
Telco capex declined worldwide in 2023, and predictions in end-of-financial year results indicate further declines this year. Analysys Mason warns that a “long decline” in capital expenditure has now started. “There will not be a cyclical recovery,” says one subhead (see below). Analysys Mason crunched a lot of numbers to arrive at this conclusion, processing… Read more
ZTE reports higher earnings & revenue in 1Q-2024; wins 2023 climate leadership award
China’s ZTE reported 3.7% higher Q1-2024 earnings of 2.7 billion Chinese yuan (US$380 million), with sales up 5% to RMB30.6 billion ($4.2 billion). With decreased CAPEX from China’s network operators, ZTE accelerated its transition from full connectivity to “connectivity + computing power” ino order to expand its addressable market. Internationally, ZTE said it “continued to… Read more
IDC: Worldwide Smartphone Shipment +7.8% YoY; Samsung regains #1 position
According to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, global smartphone shipments increased 7.8% year over year to 289.4 million units in the first quarter of 2024 (1Q24). This marks the third consecutive quarter of smartphone shipment growth, a strong indicator that a recovery is well underway. “As expected, smartphone recovery… Read more
Huawei is back – net profits more than doubled in 2023!
China’s Huawei Technologies said its net profit more than doubled last year, marking a stunning comeback for the company years after U.S. export controls cut it off from advanced technology. The tech giant on Friday said profit rose to 87 billion yuan, or $12 billion, a rise of more than 140% from the same period… Read more
Dell’Oro: 2023 global telecom equipment revenues declined 5% YoY; Huawei increases its #1 position
Preliminary Dell’Oro Group data found that worldwide telecom equipment revenues across the six telecom programs tracked – Broadband Access, Microwave & Optical Transport, Mobile Core Network (MCN), Radio Access Network (RAN), and SP Router & Switch – declined 5% year-over-year (YoY) for the full year 2023, performing worse than expected. First and foremost, challenging comparisons in… Read more
Téral Research: global wireless infrastructure market sank 9% YoY in 2023; will decline 6% in 2024
As expected, the global wireless infrastructure market comprised of all RAN and core networks sank 9% YoY despite a strong China-driven 4Q23 that was not enough to offset 3 consecutive quarters of sales declines. 2023 will be remembered by the U.S. market posting its steepest drop in history, the strong 5G rollouts in China which is way… Read more
Highlights of GSMA study: Mobile Net Zero 2024, State of the Industry on Climate Action
Reducing carbon emissions has been a top priority for global network operators and equipment vendors for the past few years. Many have published net zero targets and use every opportunity to include their sustainability agenda into their public announcements. In 2019, the mobile industry set a goal to reach net zero by 2050, becoming one… Read more
Dell’Oro & Omdia: Global RAN market declined in 2023 and again in 2024
A new report from the Dell’Oro Group reveals that the global Radio Access Network (RAN) market concluded the year with another difficult quarter, resulting in a global decrease of nearly $4 billion in RAN revenues for the full year of 2023. However, despite these challenges, the results for the quarter exceeded expectations, partly due to robust… Read more