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Ericsson narrows losses in Q1, to continue R&D push for 5G

2018-04-20 09:16:00| Telecompaper Headlines

(Telecompaper) Ericsson said its restructuring process, which made the company write down assets and let go of personnel, started showing positive results in the first quarter, with still lower revenues, but higher margin and profit figures. The company reduced its total workforce by over 3,000 in the quarter, bringing the full number to almost 18,000 since reductions were started in July. The annual run-rate of savings has so far reached SEK 8.5 billion, and the goal is to reach SEK 10 billion by mid-year.

Tags: continue rd push ericsson

Category: Telecommunications

ZTE to seek talks, legal action against 'unfair' US export ban

2018-04-20 08:48:00| Telecompaper Headlines

(Telecompaper) ZTE said it will seek talks with US officials and take legal action if necessary, after the US government "unfairly" imposed a ban on components from the US to the Chinese company. In its first official statement since the ban was announced, ZTE said the seven-year order will "not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of US companies". 

Tags: legal action export seek

Category: Telecommunications

Telia posts Q1 loss on divestments, starts share buyback as cash flow improves

2018-04-20 08:23:00| Telecompaper Headlines

(Telecompaper) Telia reported a net loss of SEK 600 million for the first quarter, versus a profit of SEK 7.05 billion a year ago, due to losses on divestments in central Asia. Revenues were still up 3.2 percent to SEK 19.85 billion, and adjusted EBITDA rose 7.4 percent to SEK 6.50 billion. Telia also announced plans to buy back SEK 5 billion in shares over the next three years. 

Tags: share posts loss cash

Category: Telecommunications

Red Hat and Altran join Madrid based 5G Innovation Lab

2018-04-20 02:00:00| Total Telecom industry news

Specialist 5G research and innovation lab, 5Tonic, has recruited US firm Red Hat and Altran. The pair will join other key industry players such as Ericsson, Telefonica and Intel in taking part in the research initiative…read more on TotalTele.com »

Tags: based join red hat

Category: Telecommunications

Friday Review: Back(haul) to the future

2018-04-20 02:00:00| Total Telecom industry news

With all the hype and furore surrounding 5G, you could be forgiven for thinking that the roll out of nationwide 5G coverage was set to be announced at any minute. The reality, of course, is that there are still many, many hurdles to clear before the awesome power of 5G is unleashed upon mobile consumers across the globe. Kudos to Huawei, then, for playing down the 5G fanfare at its recent Analysts' Summit in Shenzhen…read more on TotalTele.com »

Tags: review future friday backhaul

Category: Telecommunications

Ericsson posts challenging financials for Q1 2018

2018-04-20 02:00:00| Total Telecom industry news

Ericsson has revealed a 9 per cent drop in its annual sales revenue to SEK43.4 billion ($5.14 billion), as the company posted a challenging set of financials for the first quarter of 2018.  Ericsson has been implementing a programme of cost cutting measures to try and improve efficiencies within the business and boost profitability…read more on TotalTele.com »

Tags: posts ericsson challenging financials

Category: Telecommunications

Motorola launches new G, E range smartphones for mid market

2018-04-19 16:53:00| Telecompaper Headlines

(Telecompaper) Motorola has unveiled a new generation of Moto G and E smartphones for the low to mid-range market. The Android 8 phones will launch first in its biggest markets in Latin America before gradually reaching the US, Europe and elsewhere. 

Category: Telecommunications

South Korea sets 5G spectrum auction opening price at KRW 3.3 trillion

2018-04-19 14:39:00| Telecompaper Headlines

(Telecompaper) The three operators will compete for 28 blocks in the 3.5GHz spectrum and 24 blocks in the 28GHz spectrum, with the period of use starting in December for 10 years and five years, respectively, the ICT ministry said. The government set the minimum bidding price for the 3.5GHz blocks at KRW 2.65 trillion and for the 28GHz blocks at 621.6 billion after taking into consideration the last auction for 4G spectrum. In 2016, the opening price for the 4G spectrum auction was set at KRW 2.6 trillion.

Tags: price south sets opening

Category: Telecommunications

Bouygues Telecom launches new fixed broadband plans, 4K STB, 'guaranteed internet' pledge

2018-04-19 12:40:00| Telecompaper Headlines

(Telecompaper) Bouygues Telecom will refresh its fixed broadband proposition on 23 April with the introduction of three new plans replacing its current Bbox offering. As part of this announcement, the operator has also officially launched an enhanced STB supporting 4K content and has integrated a 'guaranteed internet' pledge within its fixed broadband offering, based on a back-up of 60 GB of 3G/LTE data.

Tags: internet plans fixed guaranteed

Category: Telecommunications

Qualcomm to refile NXP bid after China rejects initial remedies

2018-04-19 12:16:00| Telecompaper Headlines

(Telecompaper) Qualcomm has withdrawn its application for competition clearance in China for its takeover of NXP Semiconductors, after an initial negative reaction to its proposed remedies. Qualcomm said it refiled the application in another effort to obtain approval. 

Tags: china initial bid remedies

Category: Telecommunications

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