Amid increasing financial struggles, TalkTalk remains in turbulence after suffering a loss of £72 million in the first half of 2024. Key to navigating these setbacks is the aggressive refinancing strategy driven by Sir Charles Dunstone to bolster TalkTalk amidst fierce competition and customer attrition.
A DLA Piper study reveals that global data centers are optimistic about AI-driven growth, with 70% of investors predicting increased investment in the next two years. However, energy supply concerns persist, with 98% of respondents worried about power reliability.
Huawei is revolutionizing the wrist-worn device market, especially in China, by bucking global trends and achieving significant growth. With a 42% year-on-year increase in shipments, Huawei leads thanks to strategic market expansion and robust domestic performance.
The anticipated turnaround in the augmented and virtual reality (AR/VR) market remains elusive, as first-quarter shipments have once again plummeted. According to recent data from IDC, the volume of AR/VR shipments dropped by a staggering 67.4% compared to the same period last year. This decline follows a 54.4% drop in the first quarter of 2023 from the previous year.
Filtronic, a UK-based manufacturer of RF, microwave, and mmWave components, projects substantial growth in both revenue and earnings for its recently concluded financial year, driven by its involvement in the low-Earth orbit (LEO) satellite market and sales to Elon Musk’s SpaceX. The company forecasts an EBITDA of £4.8 million for the year ending May, marking a notable increase from the £1.3 million recorded in fiscal 2023.
Samsung played a pivotal role in the German smartphone market’s recovery during the first quarter of 2024, ending a prolonged period of decline. According to Counterpoint Research’s Q1 2024 Market Monitor Shipment Tracker, smartphone shipments in Germany increased by 13% year-over-year.
The European Commission has launched a thorough investigation into UAE-based telecom company e&’s acquisition of PPF Group’s telecom operations in Eastern Europe. This move excludes PPF Telecom’s Czech business.
Veon, a telecommunications giant, unveiled ambitious growth plans during its Capital Markets Day, sparking optimism among investors. CEO Kaan Terzioglu emphasized the promising landscape of emerging markets where Veon operates, asserting that the company’s digital transformation has positioned it for substantial growth.
In developed markets, copper telecom networks are rapidly being replaced by more efficient fiber optic cables. Despite this shift, the value of copper is surging in other sectors, particularly in electric vehicles and renewable energy. The metal’s worth has soared over 50% from pre-pandemic levels due to high demand and lower mining outputs, with forecasts suggesting a further 50% increase in demand by 2040.
After more than two years of declines, the European smartphone market has started to show signs of recovery, with a 10% year-on-year increase in shipments during the first quarter of 2024, according to Counterpoint Research. However, analysts are cautious about predicting a significant long-term upswing.
