Ericsson released an update following the 5G equipment testing invitation it received from China’s four major telecom operators. The Stockholm-based company is currently in the process of issuing a half a billion euro unsecured 8-year bond under its euro medium-term note (EMTN) program.
Emirates has signed a Memorandum of Understanding (MoU) with Huawei, one of the world’s global tech giants, to further extend its existing partnership, allowing both brands to expand their reach in China and the Middle East and Africa (MEA) markets.
Huawei and its key partners in Saudi Arabia focused and discussed the importance of partnerships and open collaborations in creating a win-win situation for all parties during its virtual Saudi Core Partner Convention 2021.
Stockholm-based telecom equipment vendor Ericsson is now walking on a tightrope in China, following the ban of Huawei and ZTE in its home country’s 5G construction business.
Cisco reported third quarter results for the period ended May 1, 2021 with revenue of $12.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.9 billion or $0.68 per share, and non-GAAP net income of $3.5 billion or $0.83 per share.
Since shipping the inhouse-designed Quillion chipset-based broadband solutions for next-gen fiber and copper telecommunication networks in 2020, Nokia has achieved the 100-customer milestone for the Quillion which now being deployed in more than 40 countries around the world.
The world has transitioned to a more distributed workforce, and with recent global happenings, hybrid work culture seems to be the new way forward. Users now expect to connect from anywhere and on any device.
Ericsson has reached an agreement with Nokia for settling a damages claim of 80 million euros ($97 million). The settlement relates to events that were the subject of a 2019 resolution with the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) of investigations into Ericsson’s violations of the U.S. Foreign Corrupt Practices Act (FCPA).
Nokia announced that it has been selected by Net4Mobility, the joint venture between Swedish mobile operators, Tele2 and Telenor, to roll out commercial 5G services across significant areas of Sweden in a five-year deal. Nokia will supply equipment from its comprehensive AirScale portfolio helping Net4Mobility to deliver game-changing ultra-high-speed, low-latency, and highly secure 5G connectivity to its subscribers. The move will also enable a range of new use cases across Industry 4.0, entertainment, cloud gaming, transportation, education, and healthcare. Nokia will replace the incumbent vendor with deployment already underway.
In its bid to continually invest substantial resources in bringing advanced technology networking products and solutions to the market, CommScope has partnered with Optical Cable Corporation (OCC), a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions, for "a long-term agreement to cross-license portions of their patent portfolios," according to a statement.
