Business

Nokia will deploy largest ever GSM-R solution in Poland
Business Wireless
Nokia will deploy largest ever GSM-R solution in Poland
Espoo, Finland – Nokia, together with its partners Herkules, Pozbud and Wasko, and Poland’s state-owned railway operator PKP Polskie Linie Kolejowe S.A. (PKP PLK) have signed a five-year contract to deploy a nationwide turnkey GSM-R and mission-critical backhaul network to enhance railway security and reliability throughout the country. This project, Nokia’s largest-ever GSM-R contract, will provide PKP/PLK with one of the biggest state-of-the-art railway communications networks in Europe.Once completed, the…
Ericsson's CEO summarized company business direction and strategy
Business Wireless
Ericsson’s CEO summarized company business direction and strategy
Speaking at the Ericsson Annual General Meeting (AGM), President and CEO Börje Ekholm summarized the company’s focused business strategy, its financial performance and the measures taken to improve company performance during 2017. A focused business strategy Ekholm explained that the starting point for Ericsson’s strategy is the focus on its customers, the service providers, and their three main challenges – decreasing the cost per gigabit, becoming fully digital, and finding…
Deutsche Telekom and ZEISS cooperate for Smart Glasses development
Business Internet of Things
Deutsche Telekom and ZEISS cooperate for Smart Glasses development
ZEISS and Deutsche Telekom are expanding their partnership for Smart Glasses, the future-oriented technology first presented at the Mobile World Congress 2017. Each company holds a 50 percent stake in tooz technologies Inc., a joint venture created to bundle the development projects. The new company is headquartered in the United States and in the city of Aalen, Germany. Managed jointly, tooz technologies has assumed strategic and operational responsibility for the…
Apple's quarter sales stunning result with 13% increase
Business
Apple’s quarter sales stunning result with 13% increase
Apple announced financial results for first fiscal quarter of 2018. Company achieved tremendous result of 88.3 billion USD (13% quarterly YoY increase). 65% of sales coming from international business. 3.89 USD quarterly earnings per diluted share which is 16% increase. “We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone lineup. iPhone X surpassed our expectations and…
ZTE preliminary financial statement guides for 293% net profit increase
Business
ZTE preliminary financial statement guides for 293% net profit increase
Company is forecasting a total net profit of RMB 4.55 billion for the whole year ZTE Corporation published guidance for a 293% increase in net profit for the whole year of 2017 ended 31 December 2017, bolstered by growth in the company’s carrier networks and consumer businesses. According to the company, the operating revenue was RMB 108.82 billion, 7.49% higher than a year earlier. Net profit attributable to holders of…
Nokia has defended business scale in difficult market time – 2017 result
Business
Nokia has defended business scale in difficult telco market time – 2017 result
Nokia’s Networks business • 2% net sales growth at constant currency in Q4 2017 was driven by IP Networks and Applications and by Ultra Broadband Networks. The large year-on-year variations in foreign exchange rates had a negative impact on reported net sales, with net sales down 4% compared to the year-ago period. • Strong operational discipline produced a solid Q4 2017 gross margin of 37.6%, and an operating margin of…
Ericsson's 2017 result far below long-term ambition
Business
Ericsson’s 2017 result far below long-term ambition
Ericsson has published results for 2017 fourth quarter and full 2017 year. As globally LTE network deployments have slowed down before 5G era will really come, Ericsson it’s not alone on the market with problem of business growth. Net sales went down by 12% to estimated value of 25.5 B USD. Most of the financial and operational KPIs looks quite depressing, but according to company plan it supposed to be…
Business
Deutsche Telekom most valuable European telecommunications brand
Deutsche Telekom defends the top spot as the most valuable telecommunications brand in Europe, followed by Orange and Vodafone. According to the “Brand Finance Global 500” ranking, the company has achieved the highest brand value in its history, at 40.2 billion U.S. dollars. This is an increase of ten percent on the previous year’s value. Since its relaunch in 2008, the brand has seen continuous growth in value, increasing by…
Business
Samsung Announces 2017 Results
Samsung Electronics posted KRW 65.98 trillion (~$61.7 billion) in consolidated revenue and KRW 15.15 trillion (~$14.5 billion) in operating profit for the fourth quarter of 2017. Overall, the company reported full-year revenue of KRW 239.58 trillion (~$224 billion) and full-year operating profit of KRW 53.65 trillion (~$50.2 billion). Fourth quarter earnings were driven by the components business, with the largest contribution coming from the Memory business that manufactures DRAM and…
Business
Telenor Strong Earnings in Q4 2017
Telenor, after a strong first 3 quarters of 2017, achieved an even more impressive Q4 with $4.16 billion of revenue. The company closed 2017 with a total of $16.2 billion comparing to 2016’s $16.3 billion. Fourth quarter 2017 summary On an organic basis, revenues dropped 0.5%, while subscription and traffic revenues rose by 3%, positively impacted by a negative one-time item in Sweden last year. Currency adjusted opex decreased by…