Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday. The deal is between Radisys Corp, a unit of Jio Platforms, and US-based Airspan Networks Holdings, which owns Mimosa. Mimosa has a portfolio […]
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Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson’s move would be the largest layoff to hit […]
Ready to dial into some good news? The telecom industry, notorious for its high energy consumption and electronic waste, is getting a green makeover. That’s right, the top telecom companies are stepping up their sustainability game, and it’s something to get excited about. With the increasing global focus on environmental and social responsibility, it has […]
Saudi Arabia is Nokia’s biggest market in the Middle East and Africa, and it plays a significant role in society in the nations where it does business. Accordingly, Nokia sees Saudi Arabia as a crucial market. The company is dedicated to offering the most cutting-edge technologies. Including 5G. To help the country develop a robust […]
Applications for intelligent terminals are growing, including those for smart cities, smart transportation, virtual reality, and augmented reality. The various needs mean that 5G networks still need to be enhanced. However, the exploration and use of upcoming 6G networks still heavily depend on effectively utilizing the resources. A new era of the Internet of everything would begin […]
5G core networks powering digitalization are helping industries cut costs, bring in new sources of revenue, and expand their business offerings. The utility sector is one such vertical, evolving from a labor-intensive organization that provides electricity, water, or gas, to one that uses Artificial Intelligence (AI) and drones to inspect equipment and offers additional services […]
China’s tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue remained flat, suggesting that its sales decline due to U.S. sanctions had come to a halt. Despite sales increasing a mere 0.02%, rotating chairman Eric Xu struck an upbeat tone in the company’s annual New Year’s letter, where he revealed the figure. […]
Chinese technology giant Huawei will bring in more patent income than it pays to other companies for their patents for the second straight year in 2022, as it seeks to offset the impact of U.S. export curbs on sales in its hardware business, the company announced late Thursday. Huawei, known for its telecoms equipment and […]
Chinese technology giant Huawei will bring in more patent income than it pays to other companies for their patents for the second straight year in 2022, as it seeks to offset the impact of U.S. export curbs on sales in its hardware business, the company announced late Thursday. Huawei, known for its telecoms equipment and […]
Swedish telecom equipment maker Ericsson said on Thursday it would reach the lower end of its long-term target of a profit (EBITA) margin of 15-18 percent by 2024 as several of its more profitable markets show signs of slowing down. The company, one of the world’s biggest suppliers of 5G technology, forecast the 5G radio […]