CommScope reported its results for the second quarter of 2022, showing an 8.5% year-on-year (YoY) increase in core net sales. Momentum continues to build in the Connectivity and Cable Solutions segment as net sales increased 26% year-over-year (YoY).

Read more: CommScope Q2 22: Core Net Sales at $1.8B, up by 8.5% YoY

Nokia continued to execute well in the second quarter (Q2) of 2022, showing an 11% year-on-year (YoY) change in net sales and a 31% YoY change in profit for the period. The operating margin also increased to 9.6% while the gross margin slightly declined to 40.2%.

Read more: Nokia Q2 2022: Continued Strong Business Profitability

Nokia has announced that they have signed a five-year 5G deal with AST SpaceMobile, Inc., the company building the first and only space-based cellular broadband network accessible directly by standard 4G or 5G mobile devices. Under the deal, Nokia and AST SpaceMobile will work to achieve their joint ambition to expand universal coverage and connect underserved communities around the world. The launch of AST SpaceMobile’s BlueWalker 3 test satellite later this year will kick off global testing with mobile network operators on six continents.

Read more: Nokia Radio Technology to Enable Direct-to-Cell Phone Connectivity From Space

CommScope’s DOCSIS leadership and end-to-end solution portfolio will be leveraged in the industry’s first DOCSIS 4.0 (D4.0) initiative in Europe. The company will deploy a new custom node and Remote MACPHY Device (RMD) platform, specifically for Liberty Global.

Read more: CommScope Engages on Europe's First DOCSIS 4.0 Initiative

Nokia announced research that forecasts 5G subscriptions reaching 263 million in the Middle East and Africa (MEA) region by 2026. The 5G subscription growth will primarily be in Gulf Cooperation Council (GCC) countries, including Saudi Arabia, the UAE, Qatar, Oman, Kuwait and Bahrain. Additionally, subscribers in South Africa, Nigeria and North African countries will increase adoption following the release of new spectrum. This trend is triggered by the increasing use of high-bandwidth consumer applications and industrial use cases.

Read more: Nokia Expects 5G subscriptions in MEA To Exceed 64% by 2026

Ericsson has shown strong business momentum in the second quarter (Q2) of 2022, despite a year-on-year (YoY) decline in gross margin. The telecom vendor continues to fulfill customer commitments, strengthen competitive advantage and invest in supply chain resilience as well as research and development (R&D).

Read more: Ericsson Shares Q2 2022 Position

Ericsson announces the appointment of Nicolas Blixell as Vice President and Head of Gulf Council Countries (GCC) effective 20 July 2022. As part of his role, Nicolas Blixell will be responsible for the GCC excluding the Kingdom of Saudi Arabia, which is a separate market at Ericsson.

Read more: Nicolas Blixell is Ericsson’s New Vice President and Head of GCC

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