Huawei released its audited financial results for 2017, reporting solid business growth. The company's total annual revenue was CNY603.6 billion (US$92.5 billion based on year-end exchange rates), an increase of 15.7 percent over 2016. Net profits were CNY47.5 billion (US$7.3 billion), an increase of 28.1 percent year-on-year.
Chinese ICT solutions provider Huawei announced the initiation of its "Slice Mall" innovation project, based on the concept of "slicing as a service and as a commodity." This global project aims at accelerating the commercialization of 5G slicing and helping carriers achieve business success in a range of vertical industries.
Swedish telecom equipment vendor Ericsson plans to reduce costs by at least SEK 10 billion (around $1.2 billion) by mid-2018 to compensate sluggish profits. Ericsson revealed at its annual general meeting (AGM) that for the full year 2017 net sales decreased by 10 percent to SEK 201 billion, and operating income was down 38.1 percent.
HMD Global enjoyed incredible success globally with its diverse range of Nokia smartphones in 2017, and it firmly believes it can replicate that success in 2018 with its latest portfolio of devices. The Finnish company markets and manufacturers smartphones under the fabled Nokia brand. At Mobile World Congress in Barcelona, it unveiled four new Android devices to its line-up and introduced a revival of the Nokia 8110 which was originally released in 1996.
At an exclusive launch event held on March 27 in Paris, Huawei Consumer Business Group unveiled the HUAWEI P20 and HUAWEI P20 Pro. The HUAWEI P20 Pro features the world's first Leica triple camera, and both devices include unprecedented AI advances, the company said in a statement. Huawei also unveiled the Porsche Design HUAWEI Mate RS (Race Sport).
Etisalat Misr (Etisalat Egypt) and Huawei have completed the world's first verification of Huawei's CloudAIR GL15MHz spectrum dynamic sharing solution on Etisalat Misr's 1800MHz network in Cairo, Egypt. The solution enables spectrum dynamic sharing between GSM and LTE with unprecedented overlap between the two, which increases both LTE data rate and cell capacity available in the 1800MHz spectrum allocation.
Ericsson has joined forces with Vertiv (formerly Emerson Network Power) and Swedish battery producer NorthStar to form the Ericsson Energy Alliance, a unique complementary site solution partnership to drive cost-effective and sustainable service provider network evolution towards 5G, within the Ericsson Radio Site System. More companies are also expected to join the alliance this year.
Qualcomm announced Tuesday that it is delaying its 2018 Annual Meeting of Stockholders pursuant to an Interim Order received on March 4 from the Committee on Foreign Investment in the United States (CFIUS). Qualcomm slammed Broadcom's response to the order, after it accused Qualcomm of secretly filing a request for CFIUS review.
United States President Donald Trump issued a Presidential Order on 12 March blocking semiconductor company Broadcom from acquiring chipset maker Qualcomm for $117 billion. Under the terms of the order released by the White House, all of Broadcom's director nominees are disqualified from standing for election as directors of Qualcomm.
Ericsson has been chosen by Saudi Telecom Company (STC) Group for a major nationwide expansion of its 4G network in Saudi Arabia, including the deployment of LTE Advanced and Narrow Band-Internet of Things (NB-IoT) in Radio Access Network.