Search Results for: Open RAN
Bloomberg: Higher borrowing costs hurting indebted wireless companies; industry is 2nd largest source of distressed debt
S&P Global estimates total outstanding debt in the speculative-grade U.S. telecom and cable sector is about $275.4 billion. Most of the telecom debt issuers took advantage of historically low interest rates in 2020 and 2021 to refinance their capital structures and push out maturities until 2026 and 2027. Wireless carriers spent heavily on acquiring spectrum… 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
FCC restores net neutrality order, but court challenges loom large
The FCC voted on Thursday, April 25th along party lines to pass its order on Safeguarding and Securing the Open Internet, restoring net neutrality and reestablishing the Commission’s Title II authority over broadband services. The restored “net neutrality” rules prevent broadband internet service providers/ISPs (e.g. Comcast and AT&T) from favoring some sites and apps over… Read more
Summary of Verizon Consumer, FWA & Business Segment 1Q-2024 results
Verizon Consumer: Verizon reported better-than-expected wireless customer results for the Q1-2024, but still lost subscribers. The U.S. #2 telco consumer revenue the quarter was $25.1 billion, an increase of 0.8% YoY as gains in service revenue were partially offset by declines in wireless equipment revenue. While Verizon lost 158,000 wireless retail postpaid phone customers in… Read more
China Mobile reports record operating revenues in 1st Quarter 2024
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 its earnings statement. The company’s net profit increased 5.5% year-on-year to CNY29.6 billion. Also, the telco reported that revenue from telecommunications services… Read more
Nokia (like Ericsson) announces fresh wave of job cuts; Ericsson lays off 240 more in China
reported a smaller-than-expected rise in quarterly profit on Thursday as sluggish demand for 5G gear in key markets North America and India continued to weigh on sales. “This will still be a weak year, for the mobile RAN (radio access network) market and we expect, as I said, it to gradually pick up during the year,”… Read more
WSJ: China’s Telecom Carriers to Phase Out Foreign Chips; Intel & AMD will lose out
China’s largest telecom firms were ordered earlier this year to phase out foreign computer chips from their networks by 2027. That news confirms and expands on reports from recent months. It was reported in the Saturday print edition of the Wall Street Journal (WSJ). The move will hit U.S. semiconductor processor companies Intel and Advanced… Read more
Swisscom (with Ericsson) to offer the world’s best and most sustainable mobile network
Swisscom, the leading network operator in Switzerland, is planning to transform its wireless 3G/4G/5G network into a “smart network” by extending its partnership with Ericsson for another three years. Under the partnership, Ericsson will continue to supply the hardware and software for Swisscom, enabling it to enhance its customer experience and further develop the mobile… Read more
Analysis: FCC attempt to restore Net Neutrality & U.S. standards for broadband reliability, security, and consumer protection
FCC Chairwoman Rosenworcel announced the tentative agenda for the April 2024 Open Meeting scheduled for 10:30 am EDT on Thursday, April 25, 2024. As part of the agenda, the Commission will consider a draft Declaratory Ruling, Order, Report and Order, and Order on Reconsideration (Order) that would restore Net Neutrality [1.] and bring back a… Read more
NTT & Yomiuri: ‘Social Order Could Collapse’ in AI Era
From the Wall Street Journal: Japan’s largest telecommunications company and the country’s biggest newspaper called for speedy legislation to restrain generative artificial intelligence, saying democracy and social order could collapse if AI is left unchecked. Nippon Telegraph and Telephone, or NTT, and Yomiuri Shimbun Group Holdings made the proposal in an AI manifesto to be… Read more