lay off 8,500 employees

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 […]

Verizon Forecasts Profit Below Estimates

Verizon Communications Inc’s annual profit forecast fell short of Wall Street estimates on Tuesday, as it grapples with slowing growth in wireless customer sign-ups compared with last year and makes heavy investments in 5G technology. Shares in the Dow Jones Industrial Average company fell 2.5% to $38.65 in premarket trading. Verizon, whose plans are the […]

Verizon vs AT&T

The telecoms industry has been one of the most profitable for centuries. In some corners of the world, there are ongoing battles over the markets, such as Verizon vs AT&T. In the U.S., only a handful of telcos have decent coverage. As a result, these companies have almost monopolized the markets and set the most […]

cloud computing use cases

The application of cloud computing is unfettered and powerful in any sector, especially telecommunications. At its core, cloud computing is a set of hardware, networks, storage, services, and interfaces enabling the delivery of computing as a service. In addition, these services offer software, infrastructure, and storage delivery through the internet. Its characteristics can be summed […]

AT&T Verizon

The battle for mobile service and internet providers is raging in the United States, with AT&T and Verizon in direct competition. Both carriers offer excellent extensive service, and the margin of competition is slim. Yet the AT&T Verizon rivalry is hitting its peak currently, on many levels. Providing internet, phone services, and data plans, both […]

Verizon, Zixi, Bloomberg Media, and Amazon Web Services (AWS) are cooperating to test how 5G and mobile edge computing can alter the way global business news is produced, delivered and consumed. This is done by using Verizon 5G Edge in cooperation with AWS Wavelength. Bloomberg Media will mange to package and deliver live 4K Ultra […]

U.S.-based telecom giants AT&T and Verizon expressed on Sunday their utter rejection of U.S. regulatory demand to postpone their 5G rollout of some wireless services, initially set to be released this week. The telcos’ chief executive officers (CEO), John Stankey and Hans Vestberg sent to U.S. regulators a joint letter igniting tensions between the companies […]