BROWSING: Business

Additional cost saving measures include a reduction of consultants, streamlining of processes and reduced facilities, said Ericsson In anticipation of a challenging mobile market 2024, Ericsson has announced plans to cut its workforce in Sweden by 1,200. In a statement, the company explained that the...

Greetings from the Midwest as we get ready for the Big Game. This week, after a full market commentary, we will resume our earnings analysis as we look at the state of traditional cable providers Comcast and Charter. As we mentioned in last week’s interim Brief,...

Greetings from Missouri.  This has been a couple of “at home” weeks prior to a travel-heavy February, which has allowed us to probe a little deeper into fourth quarter earnings.  Since the last Brief, Jim’s interview with the 5G Guys podcast has been published (here and...

Nokia has agreed to sell its Device Management (DM) and Service Management Platform (SMP) businesses to Canadian telecom and media software company Lumine Group for $185 million euros (approximately $203 million). Nokia said that its Device Management software capabilities help communication service providers...

Rapid growth in technology has led to a boom in the telecommunications industry. New advancements pave the way as professionals connect with consumers and keep their businesses running. Whether a small business reaches out via email or pings an app, it all runs smoothly...

Telco market is primed for disruption, analyst firm finds, due to impacts of GenAI and more What telecom trends can the industry expect to shape 2024? Juniper Research has put forward a list of 10 that it sees as being paramount for telcos in the...

Orange Group first expressed interest in purchasing a 45% stake in Ethio Telecom two years ago Orange Group has decided to withdraw from a process to acquire a 45% stake in Ethiopia’s state-owned operator Ethio Telecom. The French operator confirmed that, due to existing market...

China has given regulatory approval to Broadcom's acquisition of VMware, which is now expected to close tomorrow. China was the final global regulator that needed to approve the merger in order for it to go forward, and Broadcom is moving quickly now that all...

Dish CEO Erik Carlson has also officially exited the company Dish Network will lay off more than 500 employees in Colorado by the end of the week, telling Forbes the decision was the result of “changing business demands on some teams." The news comes shortly...

Private wireless is a relatively new space in the wireless industry. It is very different from public wireless, which is what we are familiar with. This has been with us for a few years, but both interest from various enterprise customers and increased vendor...

Liberty Latin America will purchase the combined assets from Dish for about $256 million Dish Network is selling spectrum and approximately 120,000 Boost Mobile prepaid customers in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America. The combined asset purchase will amount to...

Optics BidCo, controlled by KKR, will take over the assets from TIM at a current enterprise value of 18.8 billion euros Italian telecom company TIM has approved a proposal from Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire TIM's fixed network assets or NetCo,...

CES 2024 and MWC 2024 are busy, loud, chaotic, making it hard to be found The Consumer Electronics Show (CES) of 2024 is two months away and I am already getting requests for briefings from large and small competitors who want to get on my...

Elisa will walk away with a 37.5% stake in MVC Mobile VideoCommunication’s international video-conferencing business Elisa intends to sell the majority stake in its workplace collaboration subsidiary Elisa Videra to MVC Mobile VideoCommunication. The deal is a share swap, and so, the Finnish operator will...

Wireless is the future. That does not mean that it’s an easy business. There have been many ups and downs over time. The past decade has been rough for both AT&T and Verizon. Now, suddenly this quarter they finally both reported strong performance along...

Amazon and HP aren't "playing by the rules," said Nokia's chief licensing officer Nokia has filed lawsuits in the U.S., Germany, India, the U.K. and the European Unified Patent court against Amazon and HP for allegedly infringing several of its patents related to video...

Vodafone CEO describes sale as part of "right-sizing" effort Vodafone is existing the highly-competitive Spanish market with the sale of its business there to Zegona Communications. According to Vodafone, it's receiving €4.1 billion in cash and €900,000,000 in "redeemable preference shares...for an amount comprising the...

Energy consumption is becoming a pressing issue for telcos, driven by the global energy crisis. High global energy prices, triggered by the Russia-Ukraine conflict, have pushed up Operational Expenditure (OPEX), draining cashflow and thereby constraining infrastructure investment. The GSMA has estimated that the telco...

Ceragon Networks is looking to buy Siklu for $13 million to $15 million Israeli 5G wireless transport provider Ceragon Networks is looking to acquire connectivity solutions provider Siklu for an enterprise value of $13 million to $15 million. In a press statement, Ceragon CEO Doron Arazi...

Verizon reported 100,000 postpaid phone customers adds in Q3 While Verizon’s Q3 2023 earnings were down from last year, both its earnings and wireless subscriber growth topped Wall Street estimates, giving the carrier a much-needed boost in the stock market, with shares rising more than...

Qualcomm will layoff 1,258 workers in San Diego and Santa Clara, beginning in December Pointing to the ongoing poor sales performance of its phone chips, Qualcomm notified the California Employment Development Department that it plans to cut 1,258 positions in San Diego and Santa Clara,...

The filing, submitted to a U.S. district court, indicates this the licensing transgressions have occurred 'in multiple jurisdictions' Ericsson is suing Lenovo and its subsidiary Motorola Mobility for allegedly infringing 5G patents. The filing, submitted to a U.S. district court, indicates that the licensing transgressions...

Chris Houghton has been appointed to chief operating officer and Åsa Tamsons will assume the role of head of Business Area Enterprise Wireless Solutions Ericsson is shaking up its executive team with two major developments: Chris Houghton has been appointed to chief operating officer (COO),...

Lenovo will use the Rakuraku and arrows brands to create a new company under its mobile business group Lenovo has completed the purchase of FCNT Ltd’s assets, which include the arrows and Rakuraku smartphone brands in Japan. Lenovo will use these new assets to create...