Displaying items by tag: Strategy
Global ride-hailing firm Uber has projected a more measured valuation ahead of its IPO debut on the New York Stock Exchange later this week.
The UAE has adopted a new national AI strategy in the hopes of establishing a brand of artificial intelligence within the nation.
Swiss telecommunications operator Swisscom has launched the continent’s first large scale 5G networks in partnership with Swedish vendor Ericsson.
In a statement released by the Swedish telecommunications behemoth it confirmed that the 5G network was launched in 54 cities across Switzerland after the operator secured a license to operate a 5G network in the country.
Ericsson has seen its financial coffers significantly boosted by its success in the North American market following the publication of its Q1 results.
Ericsson CEO Borje Ekholm expressed his delight at the launch of the 5G networks in Switzerland and predicted that the company would up the ante in relation to 5G in the large parts of Asia by the end of this year.
Ekholm said, “To date we have publicly announced commercial 5G deals with 18 named operator customers, which, at the moment, is more than any other vendor. The company would continue to incur costs for field trials and we’re expecting large-scale deployments of 5G to begin in parts of Asia by the end of 2019. Combined, this will gradually impact short-term margins but strengthen our position in the long term.”
Shares of Ericsson rocketed on the Stockholm stock exchange with the company reporting an increase of 3% which represented a four-year high for the vendor.
Ericsson, one of Chinese telecom giant Huawei's main rivals in the 5G market, said earlier this year it hadn't felt any effects from US pressure on countries to ban Huawei's equipment amid fears that it could compromise the security of the mobile phone networks.
Ericsson has reported its first quarter results which reflect an increase driven by the growth the Swedish vendor has registered in North America.
Telecom Egypt announced that it has signed a Memorandum of Understanding (MoU) with Nokia to introduce 5G network and test use cases This announcement took place during the GSMA Mobile World Congress (MWC) in Barcelona, Spain. The MoU has been signed by Adel Hamed, Managing Director and Chief Executive Officer of Telecom Egypt, and Amr K. El Leithy, head of the Middle East and Africa market, Nokia, in the presence of a number of dignitaries from the two companies.
Under this MoU, collaboration between the two sides will focus on 5G deployment as well as the evaluation of appropriate use cases of the 5G technology in the Egyptian market. As a matter of fact, this MoU represents a turning point for Telecom Egypt towards its digital transformation strategy, particularly because the company has already a set of state-of-the-art 5G-ready solutions and services from Nokia.
Adel Hamed, Managing Director & CEO of Telecom Egypt, said: “We are delighted to sign this MoU with our strategic partner Nokia which paves the way for the development of 5G use cases in Egypt. This MoU marks a new chapter of the partnership between the two companies as it will allow our company to support the realization of the digital transformation strategy in Egypt.
We are confident that Nokia with its global expertise will help us maintaining our leading position in providing the best and latest technological solutions to our customers. This is also an ideal opportunity for us to put a strategic roadmap to develop our network capabilities and make sure of its readiness to deploy 5G technologies.
Amr K. El Leithy, head of the Middle East & Africa market at Nokia, said: “This MoU is part of the long-term strategic partnership between the two companies. Nokia, as one of the global leading providers of network and communications technology, is keen to provide the latest communications technologies to the Egyptian market.
We are committed to innovating new and exciting 5G solutions to meet the business objectives of our operator customers. 5G solutions will allow Telecom Egypt to proactively address the increasing data traffic, create new revenue streams as well as continue working on the improvement of customer experience".
Nokia and Telecom Egypt are working together to deploy 5G network with Nokia’s end-to-end 5G solutions that provides ultra-fast connectivity with ultra-low latency. This will allow the operator to flexibly support various use case scenarios and many business models in addition to connecting billions of Internet of Things (IoT) devices to enable smart cities and improve the quality of life for citizens.
In advance of Mobile World Congress, Nokia today announces a raft of enhancements to its Anyhaul transport portfolio that help operators prepare their networks for 5G by delivering throughput speeds of up to 25 Gbps to base stations.
The launches span microwave, optical, IP and broadband technologies within a carrier Software Defined Networking (SDN) transport architecture. This simplifies the integration of transport with cloud-based radio access and core networks, thereby enabling an automated end-to-end 5G network slicing and service provisioning system.
Nokia Anyhaul is the industry's most extensive range of transport solutions. These solutions can be rapidly and dynamically provisioned to support the massive connectivity, extreme low latency and very high throughput demands of 5G services.
Programmability and automation dynamically create transport network slices to quickly and cost-effectively match diverse application and user needs with end-to-end service delivery guarantees.
The Nokia Anyhaul portfolio enables operators to deploy the optimal mix of transport technologies to create a flexible fabric that matches their unique network and business needs.
The new Nokia 1830 Versatile WDM Module (VWM) Translation Line Unit (TLU)-200 provides high density wavelength translation at 10 Gbps and 25 Gbps speeds. Purpose-built for Cloud RAN and Edge Cloud requirements, it simplifies operations and improves reliability of fronthaul connectivity for 4G Common Public Radio Interface (CPRI)/Open Base Station Architecture Initiative (OBSAI) and 5G eCPRI data.
A new, compact interconnect router, the Nokia 7250 IXR-e, is purpose-built to support 5G and edge cloud requirements at or near base stations with 1/10/25/100 GE interfaces. The 7250 IXR-e features a compact architecture with efficient cooling and optimized space efficiency for minimal installation costs. It complements the previously released 7250 IXR-R6, which also supports 5G requirements and 1/10/25/100 GE interfaces.
A proof of concept of Nokia Broadband Anyhaul 25G Passive Optical Network (PON) demonstrates the viability of building on existing fiber infrastructure to offer 25 Gbps speeds. Co-existing with 2.5G and 10G PON technologies, 25G PON enables more radio access sites to be connected on the same fiber to reduce costs.
Nokia has successfully trialed 25G PON proof of concept with T-1 operators in North America and Japan in January 2019.
Jimmy Yu, Vice President at Dell'Oro Group, said: "Mobile backhaul has always been done with a variety of transport technologies to balance the needs of performance, time, and economics. This will continue with 5G, and for this reason, operators will need an assortment of transport technologies-microwave, optical, IP and PON-that suit their unique requirements in 5G fronthaul and backhaul. The rollout of 5G has just started this year and if our predictions are correct, demand for 5G backhaul transport systems (not including fiber) will begin ramping in a year's time and surpass $1 billion of annual sales in the following two years."
Phil Twist, VP of Networks Marketing and Communications, at Nokia said: "Our Anyhaul portfolio is a key element of the Nokia 5G Future X architecture, which equips our customers to take advantage of the promise of this next generation of network technology. Nokia Anyhaul has been deployed globally and is now being selected in countries such as the US, Japan, China, and South Korea where we are helping the fast-movers transform to 5G. The expertise and invaluable best practices we gain will further simplify and reduce risk for other operators as they move to 5G."
Huawei founder Ren Zhengfei was in defiant mood during an exclusive interview with the BBC in which he declared that the world cannot do without Huawei and its cutting-edge technology and innovations.
Huawei has been subjected to intense scrutiny and scathing criticism as the US continues its efforts to blacklist the Chinese vendor from participating in the rollout of 5G networks on a global scale.
The Huawei CEO claims Huawei has become the victim of a politically motivated campaign by the US as part of its ongoing trade war with China. He blasted the US for attempting to blacklist the company but vowed that the US will not stop Huawei and insisted that the world needs its ‘advanced technology’
Zhengfei told the BBC, “There's no way the US can crush us. The world cannot leave us because we are more advanced."
He also denounced the arrest of his daughter and Huawei CFO Meng Wanzhou in Canada in December, but said he was confident that the courts will find exonerate her after she was accused of violating trade sanctions with Iran.
There is now a growing resistance towards the US campaign against Huawei with many operators in Europe voicing their concerns that a blanket ban on the Chinese vendor would not only be costly, but would also significantly delay the deployment of 5G networks on the continent.
In addition to this, the UK government has said it can mitigate the risk from using Huawei equipment in the buildout of its 5G networks, which suggests they will not ban Huawei like Australia and New Zealand. However, New Zealand look set to backtrack on that decision following the resistance in Europe.
Zhengfei fired a parting shot at the US during his BBC interview by saying the US doesn’t represent the world.
He said, “If the lights go out in the West, the East will still shine. America doesn't represent the world. Even if they persuade some more countries not to use us temporarily, we can always downsize and become smaller."
South Korean conglomerate Samsung has unveiled its ambitious strategy to enhance its market share in the US by launching three new retails stores nationwide.
Samsung officially announced that it will open the new retail facilities as it gears up to launch an updated version of its flagship Galaxy handsets in the United States.
Some consumer experts are also claiming that the marketing strategy adopted by Samsung indicates clearly that the Seoul-based behemoth is directly challenging Apple in its domestic market.
Samsung said in a detailed statement that it made the move based on feedback from its customers.
The statement said, "They told us that they love having the ability to walk into a store and experience how the latest technology from Samsung works together to create a unique, immersive experience. Galaxy fans, in particular, mentioned that they were looking for a space to call their own, a place where they can get a feel for Samsung products first-hand."
It was further disclosed that the new stores will be located at the Americana at Brand mall in Los Angeles; Roosevelt Field in Garden City, New York; and The Galleria in Houston, Texas.
In addition to this, Samsung is holding a product launch in San Francisco amidst speculation it may launch a folding smartphone, which would make it the first of the major handset makers in the segment.
President of Samsung Electronics America, YH Eom, expressed his delight at the announcements and said the decision would solidify Samsung’s position as the world’s most popular smartphone manufacturer.
He said, “Our new Samsung Experience Stores are spaces to experience and see Samsung technology brought to life, to empower people to do what they never thought was possible before. We want to build a 'playground' for Samsung fans -- a place to learn about and try out all of the amazing new products we have to offer."
Samsung remained the number one global handset maker with a 20.8 percent share in 2018 despite an eight percent sales slump for the year, according to research firm IDC -- which also said last year showed the worst overall decline in sales for the smartphone sector.
US ride-hailing colossus Uber disclosed its financial earnings for the final quarter of 2018 which showed its revenue growth has slowed ahead of its much anticipated stock market debut.
The financial figures released by Uber indicated that for the final three months of the year its loss amounted to $865 million, compared with $1.1 billion in the same period a year earlier.
The San Francisco-based firm reported revenue of $3 billion, which represented a 25 percent increase from a year earlier. Uber remains a private company, but routinely discloses some earnings information.
CEO Dara Khosrowshahi has managed to guide Uber through choppy waters since assuming the CEO role from Travis Kalanick.
He is also being tasked with the responsibility of steering the high-value startup to a stock market debut this year, and has promised greater transparency as he seeks to restore confidence in the global ridesharing leader that has been hit by a wave of misconduct scandals and has become embroiled in a series of legal battles regarding its services, particularly in Europe.
Revenue for the full year rose 43 percent to $11.3 billion, with Uber's annual loss shrinking 15 percent to $1.8 billion, according to an official statement from the startup.
Uber operates its’ rideshare business in dozens of countries and has expanded to new areas including food delivery, electric scooters and bikes. The company is recognized as the largest of the venture-backed startups with a presumed valuation of some $70 billion.
Uber CFO Nelson Chai expressed his satisfaction with Uber’s financial results and said, “Last year was our strongest yet, and Q4 set another record for engagement on our platform. Our ridesharing business maintained category leadership in all regions we serve, Uber Freight gained exciting traction in the US, JUMP e-bikes and e-scooters are on the road in over a dozen cities."
Based on gross bookings, Uber Eats has apparently become the largest online food delivery business outside of China.
US technology behemoth Google has announced that it will spend $13bn in expanding its US data centre network.