Verizon

Open Radio Access Network Is Telecom's Next Big Thing

Network Operators Got $42.3 Million for Open RAN Their Testing Needs The U.S. federal government has granted $42.3 million to a consortium of major telecom network operators and suppliers to make their Open Radio Access Network ambitions come true. The National Telecommunications and Information Administration (NTIA) has granted $42.3 million for the deployment of Open […]

Ericsson to Lay Off 8,500 Employees - Memo

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 […]

Top Telecom Companies Leading the Charge in Sustainability

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 on Slowdown Worries, Shares Fall

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 […]