Nokia’s recent decision to cut over 2,000 jobs in China and Europe is part of a broader strategic restructuring plan aimed at optimizing operations and realizing significant cost savings. This workforce reduction aligns with Nokia’s efforts to respond to changing global market dynamics.
At the recent United Nations Summit of the Future 2024, ZTE showcased initiatives to bridge the digital divide in remote regions using advanced digital technologies. Highlights included a 5G base station at Kekexili for real-time monitoring of endangered species and various 5G projects supporting environmental conservation.
Huawei saw its revenue soar 34.3% to CNY417.5 billion ($58.8 billion) in the first half of the year, boosting net profit by 17.8% to CNY54.9 billion. Despite a slight dip in profit margins, Huawei aims to enhance business resilience and optimize its portfolio. Their innovative 5.5G network promises to revolutionize VoIP technology.
The Office of the Communications Authority (OFCA) in Hong Kong will auction new spectrum in the 850/900 MHz, 2.3 GHz, and 6/7 GHz bands to boost 5G network capacity, speed, and coverage. This strategic allocation is vital for enhancing public mobile communications, offering long-term licenses to successful bidders.
In a groundbreaking move, Hong Kong has allocated mmWave frequencies to its four mobile network operators without charging for the spectrum. The Office of the Communications Authority (OFCA) announced on Tuesday that it will distribute 1.2 GHz of spectrum in the 26 GHz and 28 GHz bands in the third quarter of this year, following applications from the telcos earlier this year.
As companies globally adopt innovative strategies, leveraging considerable commercial benefits from their 5G investments is at the forefront. Pioneered by Chinese service providers, the paradigm shift towards traffic value-based operations has significantly enhanced revenue. Unique 5G experiences such as ultra-high speed and low latency have unlocked new function scenarios, exemplified by the booming live broadcast industry in China. Meanwhile, European and Middle East counterparts effectively implement rate-based charging models, showcasing the versatility of the 5G platform. This status quo suggests that as we advance, the necessity to adapt traffic value-oriented operations for effective monetization becomes paramount, opening new revenue vistas and novel business models.
In the quest for digital transformation, Huawei, at MWC Shanghai 2023, introduced groundbreaking ICT and software innovations. Bruce Xun, Huawei’s Vice President, emphasized the company’s intention to construct robust networks with global carriers while focusing on creating intelligent digital talent. Embracing the dual-E concept, Huawei is striving for a green, efficient integration looking to reduce carbon emissions and enhance user experience.
At the recent “5G Business Dialogue” during MWC Shanghai 2023, industry champions pondered on the positive impact of 5G adoption four years after its commercial introduction. Notably, it now makes up 10% of total revenue for China’s three providers. Furthermore, Enhanced Mobile Broadband (eMBB) services are noting considerable success due to swift user migration and industrial digitization. Innovation strides such as the Naked-eye 3D and 5G New Calling reflect the telecom sector’s future. However, with increasing Pan-Asian 5G uptake, the dialogue also ventured into the idea of “5.5G”, envisioned as a natural progression from its precursor. It’s intriguing to anticipate further transformative innovations within this industry.
Hangzhou leads the digital revolution with the Dual 10 Gigabit City project, partnering with industry giants like Huawei to foster 5.5G technology, enhance connectivity and pioneer innovative applications for a smarter future.
UK telecoms sector agrees to help customers in need The UK government and operators have approved a new deal to help customers who are struggling to pay their broadband and mobile bills. Andrew Glover, chair of the Internet Service Providers’ Association (ISPA), stated, “The telecoms sector knows that people are facing real challenges with the cost-of-living crisis. Our members are determined to do what they can to help their customers through this period and, together with the government, we will work to raise greater awareness of the support available.” Among other measures, telcos have agreed to allow vulnerable customers to switch to cheaper tariffs without charge or penalty, or adjust their plans to make payments more manageable. Read more at https://tinyurl.com/msjxsp2f Sinch achieves HIPAA compliance for its voice, fax and UCaaS services Sinch has announced that it has successfully achieved third-party validation of its compliance with the Health Insurance Portability…
