Displaying items by tag: CEO
Ericsson President and CEO Börje Ekholm says Ericsson will switch on 5G globally in 2019, backed by a strong, secure and available portfolio.
Addressing media and analysts as he launched Ericsson’s MWC Barcelona 2019 in Barcelona, Ekholm also stressed the role of 5G as a critical national infrastructure, and emphasized the advantages for early adopters.
“We are truly switching on 5G around the world in 2019,” he said.
Ekholm said that Ericsson has announced commercial 5G deals with 10 named service provider customers, as well as 42 memorandums of understanding. The company is already rolling out 5G networks across the globe: in the US, Europe, Asia, and Australia. And he promised more announcements to come.
“Consumers and enterprises are waiting for 5G,” Ekholm said. “According to Ericsson ConsumerLab research, one-third of smartphone users globally will change either immediately or within six months to a service provider that switches on 5G. Today, the US and Asia are leading in 5G development.”
Ékholm said the first commercial scale 5G beneficiaries will be mobile broadband consumers with massive and highly cost-efficient capacity expansions facilitating new applications in augmented reality and virtual reality in areas such as gaming and sports broadcasts.
But he also stressed how 5G would move the industry beyond consumer products and into the industrial internet, citing ongoing collaborations in both mobile robotics and all-electric, autonomous vehicles as examples.
Ekholm also highlighted how Ericsson Radio System hardware has been 5G-ready since 2015 and can be used also for 5G New Radio (NR) with a remote software installation.
This means that Ericsson has already shipped more than 3 million 5G-ready radios to its customers worldwide. Ericsson’s unique spectrum sharing capabilities and common core and dynamic orchestration solutions would put Ericsson customers in the lead with 5G, he said.
“Our unique Ericsson Spectrum Sharing is the most economically feasible way to introduce 5G in existing bands achieving immediate nationwide coverage,” he said. “We can dynamically mix 4G and 5G traffic on the same spectrum. Some said this kind of spectrum sharing was impossible. Wrong! Our engineers are truly world class. With spectrum sharing, our customers have a real 5G frontrunner advantage.”
Ekholm announced that Ericsson intends to acquire Kathrein’s antenna and filters business for mobile networks. This will expand the company’s capabilities and competences in the advanced active and passive antenna domain. Ericsson will be adding around 4,000 highly-skilled professionals in R&D, production and sales based in more than 20 locations, including Germany, Romania, Mexico and China.
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."
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.
T-Mobile US CEO has confirmed the worst fears of Chinese telecommunication behemoths Huawei and ZTE by officially announcing that it will not use any equipment supplied by either vendor.
US telecommunications operator Sprint has posted a disappointing performance in its financial returns for Q4 in 2018.
South Korean conglomerate Samsung has suffered a blow following the announcement that the CEO of Samsung Electronics in North America has decided to retire.
Tim Baxter has been with the company for over 12 years and has played a pivotal role in establishing Samsung as a powerhouse in the North America ICT market in his role as CEO.
Baxter has shown incredible leadership and vision and as ensured Samsung’s products has resonated with American consumers. He announced his decision to retire in a LinkedIn post, and confirmed that he pass the reins to his current deputy in North America Young Hoon Eom.
Samsung confirmed the departure in an official statement to Mobile World Live and placed on record its sincere thanks to Baxter who they described as an ‘exceptional business leader’ that has helped define Samsung as a pioneering innovator in the consumer electronics industry.
Baxter joined Samsung as EVP of sales and marketing for consumer electronics in 2006, and held various leadership positions before being appointed to his current post in July 2017. The role gave him full autonomy of Samsung’s $30 billion consumer and enterprise businesses in the US and Canada, including oversight of teams across mobile, consumer electronics, home appliances, customer care, services and new business.
The move comes at a pivotal moment as mobile operators across the US and Canada, start the transition towards the deployment of 5G. All four tier-one US operators have confirmed that they are working with Samsung on 5G handsets set for release in the first half of 2019.
British telecommunications behemoth Vodafone has confirmed that it has delayed the installation of equipment supplied by Chinese vendor Huawei amidst security concerns surrounding the company.
However, Vodafone’s CEO Nick Read moved quickly to highlight that a blanket ban on Huawei would significantly hamper the roll out of 5G as the innovative Chinese enterprise has become the global leader in relation to 5G development.
Read said that the cautionary measure was taken by Vodafone because of the controversy currently swirling around Huawei following the high-profile arrest of its CFO Meng Wanzhou in Vancouver, and the detainment of another executive in Poland on suspicion of espionage.
Vodafone will engage in further discussions from authorities who have flagged their safety concerns over Huawei. However, Vodafone has insisted that but it will use the vendor’s equipment in its radio networks.
Read stated that the authorities had not forced Vodafone’s decision, but did acknowledge and concede that the negativity around Huawei had now become unhealthy in Europe and required for a more structured conversation that presented the facts so that we’re making the right decision for the industry, and isn’t politically motivated.
Vodafone Group said that it uses only a small amount of Huawei equipment in its core networks in a number of markets in Europe, which includes. However, interestingly the CEO did confirm that Huawei’s equipment was not used in its core network in the UK.
In addition to this, Read highlighted the importance of the availability of Huawei infrastructure, adding the industry needed to “look at it more holistically” and be “more grounded.” He noted rival vendors Ericsson and Nokia also have R&D facilities and significant manufacturing facilities located in China.
Vodafone has continued to pursue its digital strategy and has yielded good financial returns by simplifying its operating model and accelerating digital transformation. Vodafone has also announced an extension of a network sharing deal with Telefonica’s O2 UK, and added that it is planning to explore opportunities to monetize its UK tower assets.
US technology giant Apple has announced that it will impose a recruitment cutback - which has been primarily forced due to weak sales on the company’s iPhone devices in the lucrative Chinese market.
Bloomberg has reported that Apple CEO, Tim Cook, announced the recruitment cutbacks just a day after he sent a letter to Apple investors that warned the company was bracing itself for a year-on-year decline in revenue for its fiscal Q1, which would shave $5bn from its guidance.
In a series of meetings that were held following the disclosure, it was reported that Cook informed some staff that a number of divisions would reduce hiring, but stated that he didn’t think a complete freeze in recruitment would be an appropriate solution to take.
In addition to this, it has been further disclosed that the CEO is also yet to determine which divisions will face hiring cutbacks. However, it is believed that divisions such as Apple’s AI team will not be affected due to the leverage of investment made by the US tech company into the emerging technology.
The move will also not affect plans to open a state-of-the-art new office in Austin, Texas or its expansion plans in Los Angeles, where the company is fleshing out its original video content ambitions.
Bloomberg also pointed out that Apple has hired new staff at a significant rate over the past decade. The company recruited 9,000 workers in its most recent fiscal year, taking the total up to 132,000, while adding 7,000 a year earlier.
US technology behemoth Apple has signed a new agreement with Samsung in relation to its streaming and content services in an effort to offset a decline in iPhone sales. The deal brokered between Apple and the South Korean conglomerate will enable the use of iTunes streaming services on Samsung smart TVs.