Friday Financial Roundup
News A summary of all the essential financial news in the telecoms world Ericsson’s Q2 sales drop In a recent financial report, Swedish telecoms equipment vendor Ericsson noted that while the company’s net sales were up 3% from last year, to SEK 64.4 billion $6.3 billion, the company’s Q2 sales had fallen. The company’s organic sales fell by 9% in Q2 and EBITA halved from SEK 7.5 billion ($730 million) to SEK 3.7 billion ($360 million). Network sales fell by 13%, despite vast sales...
EU and Japan sign deals for subsea cables and semiconductors
News The partnership will enhance collaboration on digital issues to strengthen supply chains and reduce reliance on China for key technologies Following the first Japan–EU Digital Partnership Council meeting held last week, Japan and the EU have signed two Memoranda of Cooperation (MoC) to advance work in crucial areas in connectivity. As part of the deal, the two parties plan to support the development submarine cable connectivity via the Arctic, which will provide secure, reliable, and...
Could Huawei return to the 5G smartphone market?
News Following new technological developments, the firm plans to release new 5G smartphones within the year, according to reports Recent technological advancements from both Chinese chip firm Semiconductor Manufacturing International Co (SMIC) and Huawei’s own semiconductor design capabilities means that Huawei are now able to procure their 5G chips domestically, according to sources at unnamed research companies. This could allow Huawei to establish a reliable supply chain without...
Home Office lambasted over Emergency Services Network delays
News A report from the Commons Public Accounts Committee (PAC) said the Home Office still had no “realistic plan” for the new Emergency Services Network (ESN), with the delay costing the UK’s emergency services millions of pounds every year The government’s plan to create the new 4G-based ESN was first announced in 2015, initially aiming to launch the system in 2017 and completely replace the existing Airwave network by 2019. At the time, the project was expected to cost around $5 billion....
FiberTech adopts an innovative approach to boost the digital economy in Jordan
VIEWPOINT Fiber-based connectivity is emerging as a key driver of economic growth in the post-pandemic era as people carry out more and more tasks on digital platforms. Be it shopping, working, learning or staying in touch with your loved ones, digital platforms have become our preferred mediums for executing professional and personal tasks. Further, it is not possible to deploy fiber in remote and difficult-to-reach areas. Adopting an Innovation-Oriented Approach Jordan’s FiberTech has...
Grain Bring FTTP Broadband Rollout to Blyth in Northumberland
Homes and businesses in the Northumberland (England) town and civil parish of Blyth have been named as some of the next to benefit from Grain‘s (Grain Connect) ongoing roll out of a new gigabit-capable Fibre-to-the-Premises (FTTP) broadband ISP network – using Point-to-Point (PTP) architecture. Grain says they’ve already started work on their latest addition of […]
Comms Council Unveil 2023 Best UK VoIP Provider Award Finalists
The Comms Council UK, which represents the United Kingdom’s national Unified Communications and Voice-over-Internet-Protocol (VoIP) phone industry, has today published their annual shortlist of finalists for the organisation’s 2023 industry awards event. Eli Katz, Chair of Comms Council UK, said: “It is very exciting to be celebrating CCUK’s 15th Awards this year, and it is […]
Tesco Mobile, Sky Mobile and Giffgaff Praised for UK Customer Satisfaction
The Institute of Customer Service (ICS) has just published their latest biannual UK Customer Satisfaction Index (July 2023), which finds that Tesco Mobile (ranked 7th), Sky Mobile (ranked 16th) and giffgaff (ranked 34th) were the only telecommunications providers to make their table of the top 50 organisations. The research reflects the results from a large […]
Survey Claims Some UK People Struggle to Pay Broadband Bills
A new Which? survey conducted by Yonder has claimed that 7.2% of households missed a bill or housing payment during June 2023 and, among those who missed one or more bills, 32% struggled to pay for broadband and / or TV, rising to 42% for energy bills, 40% for council tax and 38% for water. […]
Ofcom probes VMO2 as customers complain about contract cancellation
News The regulator is aims to ensure that Virgin Media O2 (VMO2) customers are not being disincentivised from changing to another service provider due to onerous termination procedures Today, UK telecoms regulator Ofcom has announced an investigation into Virgin Media O2 following complaints from customers about the company’s cancellation practices. Ofcom rules require that VMO2 ensure that the conditions or procedures for contract termination do not act as disincentives for customers against...