MTS and Huawei Co-Debuted World’s First Commercial Use of Smart 8T8R

The FINANCIAL -- MTS, the largest mobile network operator in Russia, and Huawei jointly implemented the world's first commercial use of Smart 8T8R in Moscow recently. The operator's 4T4R networks were upgraded to 8T8R in the city's hotspots, increasing capacity by 1.9 times…

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Huawei brings more than 220,000 jobs in Europe

The FINANCIAL — In an Oxford Economics report released today titled The Economic Impact of Huawei, Huawei was found to have contributed EUR16.4 billion to Europe’s GDP and supported 224,300 jobs in 2019. The company also generated EUR6.6 billion in tax revenues…

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Huawei announced third-quarter results

The FINANCIAL — Huawei today announced its business results for the first three quarters of 2020. During this period, Huawei generated CNY671.3 billion in revenue, an increase of 9.9% over the same period last year. The company’s net profit margin in this…

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Nokia signs 5G deal with BT following Huawei ban

The FINANCIAL — Nokia today announced that it has extended its long-term strategic relationship with BT into the 5G arena, following its selection as a 5G RAN vendor for the UK operator. As part of the deal, which will make Nokia BT’s largest…

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Ericsson second quarter profit rises

The FINANCIAL — Ericsson reported its second-quarter 2020 results, which shows that the gross margin was higher than expected. Ericsson’s position could also be strengthened if more countries follow the U.K. and ban Huawi from 5G. Company is ready to deliver larger volumes of…

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UK bans Huawei and requires to remove all 5G kits by 2027

The FINANCIAL — The British government declared that, it will bar telecom companies from purchasing new equipment made by Huawei Technologies Co. and told them to remove its technology from their 5G networks until 2027. John Browne will step down as chairman of Huawei’s…

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Huawei – “Trojan horses for Chinese intelligence” still welcomed

The FINANCIAL — Huawei Technologies, the world’s top telecom equipment maker, on Thursday said it had secured more than 90 commercial 5G contracts worldwide, an increase of nearly 30 from last year despite the relentless pressure from U.S. authorities. According to NIKKEI…

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