Huawei’s 20th annual Global Analyst Summit (HAS) under the theme “Thrive With Digital, Striding Towards the Intelligent World” saw attendance by over 1,000 industry analysts, financial analysts, key opinion leaders and media representatives from around the world.
Nokia has been selected by Zain Jordan in a multi-year deal to supply 5G Radio Access Network (RAN) equipment throughout Jordan. Through the deal, Zain will be able to support the digital transformation of the country by offering superior 5G services with enhanced connectivity and capacity to customers. A major part of the deployment is expected to be completed in 2023.
Nokia has reported that net sales increased by 10% in Q1 2023, benefiting slightly from foreign exchange rate fluctuations along with the following drivers.
Huawei reported 35.6 billion yuan ($5.12 billion) in net profits in 2022, a drop of 68.7% as compared to 2021 (113.7 billion yuan) in its annual report. The company generated 642.3 billion yuan ($92.37 billion) in revenue. During a press conference, Huawei said that it would continue to strengthen investment in R&D, with an annual expenditure of 161.5 billion yuan ($23.22 billion) in 2022, representing 25.1% of the company's annual revenue and bringing its total R&D expenditure over the past 10 years to more than 977.3 billion yuan ($140.55 billion).
Ericsson has reported its first-quarter 2023 earnings results. In summary, net income fell 46% to SEK 1.6 billion in the January-to-March period, while net sales rose 14% but were flat when taking currency exchanges and other parameters into account.
Cisco announced the appointment of Ossama Eldeeb as its new regional director for Partner Organization in the Middle East and Africa. Ossama is taking over from his predecessor, Abdelilah Nejjari, who was recently appointed as Cisco’s managing director for the Gulf region.
Nokia has launched four third-party applications for MX Industrial Edge (MXIE), which help enterprises connect, collect and analyze data from operational technology (OT) assets on a robust and secure on-premises edge.
Benya Group, an integrated digital solutions and ICT infrastructure provider in Egypt, the Middle East and Africa, has signed a partnership agreement with SAP International, a leader in software production for business operations management, to support digital transformation in Egypt, Saudi Arabia and the UAE.
Bouygues Telecom and SFR are seeking financial compensation from the government for having to remove and replace Huawei's radio equipment, according to a local news source.
Nokia announced it has been chosen as one of the “World’s Most Ethical Companies®” by Ethisphere. In 2023, 135 honorees were recognized spanning 19 countries and 46 industries. Nokia is one of two winners in the telecommunications industry and the only Finnish company to be honored.
