Search Results for: Open RAN
Highlights of 3GPP Stage 1 Workshop on IMT 2030 (6G) Use Cases
This 3GPP May 8-10,2024 workshop held in Rotterdam, Nederlands brought the 3GPP community closer to the initiatives of regional and global research organizations, market partners (MRPs), operators’ associations and the ITU. The workshop presented the opportunity for different communities to share their views on 6G/IMT2030 Use Cases. Those communities are Operators; Verticals; Regional Alliances and… Read more
GSA: More 5G SA devices, but commercial 5G SA deployments lag
Findings from the latest GSA report on the 5G standalone (SA) ecosystem include: 1,764 announced devices with claimed support for 5G SA, up 43.7% from 1,227 at the end of 2022. Devices with support for 5G SA account for 68.1% of all 5G devices, as of the end of March 2024, up from 43.3% in… Read more
US cable and telecom network operators feel the pain
According to the financial analysts at TD Cowen, prominent cable companies like Charter and Comcast collectively lost 186,000 customers in the first quarter 2024, ahead of their estimates of 141,000. “The quarter is proving that Cable and Wireless are in the throes of market maturity, both facing a smaller pool with churn at historically low… Read more
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