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The U.K. competition regulator on Thursday referred the proposed merger between Vodafone and CK Hutchison's Three mobile network to an in-depth investigation. The CMA has given itself a deadline of Sept. 18 to complete the in-depth probe, also known as a phase 2 investigation. The CMA has previously said the deal could lead to customers facing higher prices and reduced quality, a lessening of competition in the U.K. mobile market. Announced last year, Vodafone and CK Hutchison's transaction would merge the two brands' U.K. businesses, giving Vodafone a 51% controlling stake and leaving CK Hutchison with the minority interest. Vodafone and Three reiterated that "there will be no change to each operator's pricing strategy as a result of the merger."
Persons: Margherita Della Valle, CK Hutchison Organizations: Vodafone, CK, Markets Authority, CMA, Regulators, CK Hutchison Locations: London, British, United Kingdom
Ericsson to lay off 1,200 people in Sweden amid challenging market
  + stars: | 2024-03-25 | by ( ) www.cnbc.com   time to read: +1 min
Sweden's Ericsson on Monday said it would lay off about 1,200 employees in Sweden as a part of costs cuts announced earlier this year, citing a challenging mobile networks market and lower volumes in 2024. After a few years of high demand for 5G equipment, buying by telecom providers has slowed, prompting firms such as Ericsson and Nokia to lay off thousands of employees to save costs. "As previously stated, Ericsson expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious," the company said in a statement. Ericsson will continue its initiatives to increase operational efficiency during 2024, but will not make any separate statements on those, it added. Ericsson had told Reuters in January it could look at further cost cuts this year including layoffs but without giving a specific number.
Persons: Sweden's Organizations: Sweden's Ericsson, Ericsson, Nokia, Reuters Locations: Sweden
And yet bosses of major carriers are already talking about building something called "5.5G," or "5G Advanced." Carriers in China, South Korea, the United States, and Europe, properly got underway with launches of 5G networks in 2019. 5G Advanced, or the name for the next stage of 5G, is the next evolution of mobile networks. 5G advanced — 5G standalone, that's absolutely fine. Telcos haven't yet revealed how much more a 5G Advanced data plan will cost compared with 5G.
Persons: Angel Garcia, it's, GSMAi, Milind Kulkarni, Howard Watson, 5.5G, Watson, execs, Mats Granryd, Granryd, Karen Tso, Telcos, Philip Song Organizations: Bloomberg, Getty, Spain — Telecom, Mobile, Congress, MWC, Deutsche Telekom, Telefonica, BT, Vodafone, Facebook, YouTube, Netflix, Apple, Apple Vision, Meta Quest, Telecommunications, 3GPP, CNBC, telco, Huawei, 5G, 5.5G Locations: BARCELONA, Spain, Barcelona, Orange, China, South Korea, United States, Europe, East, Asia Pacific, America
The company didn’t publicly acknowledge the outage until it first posted on its site about the outage at 11:15 am ET. Reports on outage tracking service Downdetector showed the network initially went down more than seven hours earlier: Reyes said he experienced the outage starting at 3:50 am ET. AT&T posted just once on X about the outage, pointing customers seeking more information to a faulty link. For many AT&T customers, the network outage was far more than an inconvenience. A "No Service" message is seen on an iPhone in Atlanta during an AT&T outage on February 22.
Persons: CNN —, Damián Reyes, , , I’m, Reyes, Uber, didn’t, Reyes ’, ” Reyes, Mojtaba, John Breyault, Brook Joyner, CNN Breyault, Catherine Thorbecke, Clare Duffy Organizations: CNN, Mobile, T’s Twitter, Villanova University, Wireless Networking Laboratory, National Consumers League, San Francisco’s Department of Emergency Management Locations: Jacksonville , Florida, Atlanta
London CNN —Tourists who fancy getting a top-down view of London may soon be able to book themselves a room in the city’s famous BT Tower. Situated in Fitzrovia, central London, it was officially opened by the then-prime minister, Harold Wilson, the following year. An aerial view of the BT Tower Tim Motion/Construction Photography/Avalon/Getty ImagesOriginally known as the Post Office Tower, the building was designed to relay microwave signals carrying telecommunications from London around the country. It remained London’s tallest building until 1980, when it was overtaken by the NatWest Tower in the financial district. It’s been a privilege to adapt the TWA Flight Center into new use for future generations, as it will be the BT Tower.”
Persons: Harold Wilson, Tim, Brent Mathews, “ It’s, Eero Saarinen’s, John F, Kennedy, Muhammad Ali, Tyler Morse, Morse, It’s Organizations: London CNN — Tourists, BT, , BT Group, British, Post, NatWest, MCR, TWA, Big Apple, Art Deco New Yorker, TWA Flight, Center Locations: London, Westminster, Fitzrovia, England, New, JFK
LONDON — British telecoms group BT said Wednesday it had agreed to sell London's iconic BT Tower — once an important piece of network infrastructure — to developer MCR Hotels for £275 million ($346.6 million). The 189-meter structure has loomed over the capital city's central Fitzrovia neighborhood since 1965, when it opened as the Post Office tower. It was also known for a revolving restaurant on its 34th floor, which took 22 minutes to complete a rotation. MCR Hotels owns 150 properties, including the TWA Hotel located in the former TWA Flight Center at John F. Kennedy International Airport. Tyler Morse, CEO of MCR Hotels, said the group would "preserve this beloved building and will work to develop proposals to tell its story as an iconic hotel."
Persons: John F, Tyler Morse Organizations: LONDON, BT, MCR, Post, MCR Hotels, TWA, TWA Flight, John, Kennedy International Locations: Fitzrovia, London
London falls far behind other major European cities when it comes to the quality of its 5G connection, according to a report shared with CNBC. According to MedUX, Berlin has the best 5G coverage of any European city overall, according to MedUX, with a 89.6% reach. It is also the best city overall for 5G streaming, with average latency of less than 40 milliseconds. Berlin, Barcelona, and Paris scored the highest among European cities on MedUX's overarching 5G quality benchmark. London, on the other hand, was close to the bottom of the ranking for European 5G networks.
Persons: MedUX, Berlin's, Rafael Galarreta, Galaretta Organizations: CNBC, London, Paris, 5G Locations: Reno, London, Europe, Berlin, Barcelona, Paris, Lisbon, MedUX, Milan, Porto, Munich, Germany
Nokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023. Comparable operating profit fell 27% year-on-year to 846 million. The company forecast comparable operating profit will reach between 2.3 billion euros and 2.9 billion euros in 2024. India, which has been investing heavily in its next-generation mobile networks over the past couple of years, is beginning to slow down. Mobile networks, Nokia's biggest division by revenue, saw sales fall 17% year-on-year to 2.5 billion euros in the fourth quarter.
Persons: Pekka Lundmark, Lundmark Organizations: Nokia, Mobile, Mobile Networks, AT, Ericsson, U.S . AT Locations: India
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. The company currently connects more than 17 million vehicles and Napier said Cubic can update the car from the assembly all the way through its lifetime. "We can update the car in the production line, we can update the car on the ship, we can update the car when it arrives anywhere," Napier said. Cubic will become a consolidated subsidiary of SoftBank Corp, and the deal is set to close in the first half of 2024. Jefferies served as lead financial adviser to Cubic on the deal, while PJT Partners acted as lead financial adviser to SoftBank.
Persons: Issei Kato, Junichi Miyakawa, Barry Napier, SoftBank, Napier, Jefferies, Nick Carey, Nick Zieminski Organizations: SoftBank, REUTERS, SoftBank Corp, Cubic Telecom, Japan, Volkswagen, Qualcomm, Consulting, McKinsey, Co, Reuters, Napier, SoftBank Group, Vision Fund, PJT, Thomson Locations: Tokyo, Japan, TOKYO, Dublin, Irish
Shares of Finland's Nokia plunged to a three-year-low, as the telecoms company lost out on a major deal to roll out a new telecoms network in the U.S. with industry juggernaut AT&T. Helsinki-listed Nokia shares were down 7% at 9:40 a.m. London time on the news that AT&T will be partnering with Swedish rival Ericsson, which will manufacture 5G equipment for the project at its factory in Lewisville, Texas. AT&T spend is set to be near $14 billion over its five-year contract with Ericsson, the companies said late Monday. The partnership covers the deployment of an open radio access network (Open RAN) in the U.S., which AT&T expects to use for 70% of its wireless network traffic by late 2026. Nokia CEO Pekka Lundmark called the news "disappointing," but said that the company remained "fully committed" to Open RAN and had a strategy to diversify its business and improve profitability.
Persons: Pekka Lundmark Organizations: Ericsson, Nokia, Helsinki, Swedish, RAN Locations: U.S, London, Lewisville , Texas, Stockholm
European mobile data traffic to triple by 2028 -GSMA
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +2 min
The GSMA, which brings together more than 1,000 mobile phone operators and businesses, said 5G subscribers were interested in adding high-bandwidth services and content to their mobile contracts, as demand for high-quality gaming, extended reality, and video content grows. Mobile data traffic per smartphone will increase in Western Europe to 56 gigabytes (GB) per month in 2028, compared with 20 GB last year. In Central and Eastern Europe, it will rise to 37 GB per month from 14 GB in 2022, the lobby group said in its annual mobile economy report. More than 460 million Europeans, or 85% of the population, were connected to mobile internet in 2022, according to the GSMA. ($1 = 0.9168 euros)Reporting Diana Mandiá, editing by Milla Nissi and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, GSMA, We're, Daniel Pataki, Diana Mandiá, Milla Nissi, Emelia Organizations: Soccer Football, FIFA, Qatar, REUTERS, Telecom Italia, Big Tech, Netflix, Microsoft, European Commission, Reuters, Thomson Locations: France, Argentina, Paris, Mobile, Western Europe, Central, Eastern Europe, Orange, Europe
Image Journalists were taken into northern Gaza for four hours on Saturday to see the extent of the Israeli military’s advance. Israeli military leaders brought a small group of foreign journalists into northern Gaza on Saturday for four hours to witness the extent of the advance. On Saturday, it was a giant Israeli military camp. Bloodier battles await the Israelis in Gaza City, where Hamas fighters are entrenched in their subterranean fortifications and are thought to be planning many more ambushes. Saher Abu Adgham, 37, a Palestinian graphic designer, had been searching the streets of Gaza City for firewood to boil some rice.
Persons: Ronen Bergman, Iddo Ben, Anat, Ben, he’s, , , Eitan, “ We’ll, Abu Adgham, , Mr, Majdi Ahmed, ” Mr, Ahmed, ” Iyad Abuheweila, Abu Bakr Bashir, Patrick Kingsley Organizations: New York, The New York Times, New York Times, , The Times, Protect Journalists, Hamas Locations: Gaza, Israel, Gaza City, Hamas’s, Gaza . Credit, Cairo, London, Jerusalem
Blinken Travels to Israeli-Occupied West Bank
  + stars: | 2023-11-05 | by ( Ronen Bergman | ) www.nytimes.com   time to read: +7 min
Image Journalists were taken into northern Gaza for four hours on Saturday to see the extent of the Israeli military’s advance. Israeli military leaders took a small group of foreign journalists into northern Gaza on Saturday for four hours to witness the extent of the advance. A reporter for The New York Times was among them. On Saturday, it was a giant Israeli military camp. Saher Abu Adgham, 37, a Palestinian graphic designer, had been searching the streets of Gaza City for firewood to boil some rice.
Persons: Ronen Bergman, Iddo Ben, Anat, Ben, he’s, , , Eitan, “ We’ll, Abu Adgham, , Mr, Majdi Ahmed, ” Mr, Ahmed, ” Iyad Abuheweila, Abu Bakr Bashir, Patrick Kingsley Organizations: New York, The New York Times, New York Times, , Times, The Times, Protect Journalists, Hamas Locations: Gaza, Israel, Gaza City, Hamas’s, Gaza . Credit, Cairo, London, Jerusalem
It was increasingly difficult to reach people in the Gaza Strip or know what was happening in the enclave late Friday, as Israel said it was stepping up its bombardment and staging another incursion. On Friday evening, two major Palestinian mobile networks, Jawwal and Paltel, said that their phone and internet services were down. Some Palestinians who have managed to communicate with the outside world said that fear and panic were spreading. They don’t know what’s happening around them.”Visuals from inside Gaza on social media channels monitored by The New York Times and some wire services were extremely limited on Friday afternoon. Reuters maintained a live camera directed from the Israeli side of the border toward the Gaza skyline that showed darkness with an occasional burst of light.
Persons: Belal Khaled, Khan Younis Organizations: WhatsApp, Nasser Hospital, The New York Times, Reuters Locations: Gaza, Israel, Palestinian, Khan
HELSINKI (AP) — Telecom gear maker Nokia said Thursday that it is planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The company said it is aiming to slash 800 million euros ($843 billion) to 1.2 billion euros in costs by the end of 2026. That is expected to lead to a reduction from 86,000 employees to between 72,000 and 77,000 over that time period. Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion in the same three-month period last year. The company’s biggest unit by revenue — the mobile networks business — declined 24% to 2.16 billion euros, driven mainly by weakness in the North American market.
Persons: it's, Pekka Lundmark, Lundmark, China’s, ” Lundmark, Organizations: HELSINKI, — Telecom, Nokia, Ericsson, China’s Huawei, South, Samsung, , North, North America nosedived Locations: Finnish, North American, North America, India
Nokia says it's going to cut up to 14,000 jobs
  + stars: | 2023-10-19 | by ( Kai Xiang Teo | ) www.businessinsider.com   time to read: +2 min
Nokia said on Thursday it is planning to cut up to 14,000 jobs — or around 16% of its workforce. The company is planning to lower costs by up to 1.2 billion euros by 2026. AdvertisementAdvertisementFinland-based mobile company Nokia is planning to cut between 9,000 to 14,000 jobs amid a sales slump and reduced demand for 5G equipment, it said on Thursday. The layoffs are part of cost-cutting measures to reduce expenses by 400 million euros, or $421 million, in 2024 and a further 300 million euros in 2025. AdvertisementAdvertisementA Nokia spokesperson directed Insider to the company statement in response to a request for comment.
Persons: , Pekka Lundmark, Lundmark Organizations: Nokia, Service, Microsoft Locations: Finland, Espoo, India, North America
A general view of an exterior of the Ericsson headquarters in Stockholm, Sweden, January 24, 2020. The Swedish telecom equipment maker's shares fell 9% in early trade to lows last seen in 2017, when the company was going through another downturn. Gear makers such as Ericsson and Nokia (NOKIA.HE) have been hit by a slowdown in spending by telecoms companies. Mellander said the company had increased its previously announced 2023 cost saving target of 11 billion Swedish crowns ($1.01 billion), including the laying off 8,500 employees, to 12 billion crowns. India has been a rare growth area with sales quadrupling to about 10 billion crowns, but that is expected to slow down next year.
Persons: Fredrik Sandberg, Carl Mellander, Mellander, Borje Ekholm, Supantha Mukherjee, Terje Solsvik, Kirsten Donovan Organizations: Ericsson, TT News Agency, REUTERS, Reuters, Gear, Nokia, Jefferies, Thomson Locations: Stockholm, Sweden, India, STOCKHOLM, North America, Swedish
European shares open lower as Ericsson, miners weigh
  + stars: | 2023-10-17 | by ( ) www.reuters.com   time to read: +1 min
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 7, 2023. REUTERS/Staff/File photo Acquire Licensing RightsOct 17 (Reuters) - European stocks opened lower on Tuesday, weighed down by a drop in Ericsson shares following downbeat quarterly results and weakness in the mining sector as investors monitored risks from an escalation in the Middle East conflict. The pan-European STOXX 600 index (.STOXX) was down 0.1% by 0705 GMT, with miners (.SXPP) among the top decliners, down 0.6% as copper prices slipped. Shares of Ericsson (ERICb.ST) dropped 7.3% after the Swedish network equipment provider flagged that ongoing uncertainty impacting its mobile networks business will persist into 2024, after reporting a fall in third-quarter revenue. Shares of Lonza (LONN.S) dropped 11.5% after the contract drugmaker cut its 2024 margin target again following the abrupt departure of its CEO last month.
Persons: Amruta Khandekar, Sherry Jacob, Phillips Organizations: REUTERS, Staff, Ericsson, Royce, Thomson Locations: Frankfurt, Germany, Swedish, British
Semiconductors are looking undervalued, thanks to the selloff in some parts of the sector, according to Morningstar. That's even more undervalued than the wider tech sector, which it believes is 5% undervalued. Morningstar noted such stocks have sold off a little in September, especially in analog and mixed signal names — two types of chips in the semiconductor industry — and even in artificial intelligence chipmakers. Outside the AI sector, the firm also likes autos, expecting more chips to be used in cars, especially electric vehicles, in the years to come. That will enable the company to achieve high single-digit long term revenue growth, Morningstar said.
Persons: Morningstar, Brian Colello, Jack Keegan, it's Organizations: Nvidia, Infineon Technologies, NXP Semiconductors, Qualcomm, Morningstar, Skyworks Locations: Taiwan
SoftBank’s AI dream team is far from iPhone killer
  + stars: | 2023-09-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Sept 28 (Reuters Breakingviews) - SoftBank Group’s (9984.T) Masayoshi Son, former Apple (AAPL.O) iPhone designer Jony Ive, and Sam Altman, boss of ChatGPT’s creator OpenAI, are forming a seemingly exciting alliance. SoftBank, which is flush with cash after the Arm IPO, is putting up over $1 billion into the project. Several Big Tech companies have tried to build consumer devices that imitate the popularity of the iPhone, without much success. And AI queries may drain mobile batteries quickly, as some iPhone users have discovered. It’s unclear what kind of device Son, Ive and Altman have up their sleeves.
Persons: Group’s, Son, Jony, Sam Altman, OpenAI, Altman, Karen Kwok, , quagmire, Neil Unmack, Oliver Taslic Organizations: Reuters, Apple, Financial Times, Big Tech, Counterpoint Research, Ericsson, X, Thomson Locations: Ukraine
European countries who put curbs on Huawei 5G equipment
  + stars: | 2023-09-28 | by ( ) www.reuters.com   time to read: +2 min
The European Union's industry chief Thierry Breton in June urged more EU countries to join the efforts to curb or block Huawei and ZTE equipment from the bloc's 5G telecoms networks. FRANCEFrench authorities in 2020 told telecoms operators planning to buy Huawei 5G equipment that they would not be able to renew licences for the gear once they expire, effectively phasing Huawei out of mobile networks. ITALYWhile Italy has not outright banned Huawei equipment, it prevented telecoms group Fastweb in 2020 from signing a deal for Huawei to supply equipment for its 5G network. LATVIALatvia and the U.S. signed an agreement in 2020 on 5G security aimed at limiting the operations of Chinese companies. SWEDENSweden in 2020 banned telecoms equipment from Huawei and ZTE in its 5G network.
Persons: China's, Thierry Breton, Tristan Veyet, Antonis Pothitos, Laura Lenkiewicz, Milla Nissi, Jan Harvey Organizations: China's Huawei, Huawei, DENMARK Danish, FRANCE French, ZTE, U.S, LITHUANIA Lithuania's, Thomson Locations: Germany, European, BRITAIN Britain, ESTONIA, DENMARK, FRANCE, GERMANY, ITALY, Italy, LATVIA Latvia, LITHUANIA, PORTUGAL, ROMANIA, U.S, China, SWEDEN Sweden
Close to 4,000 people died in the floods and 9,000 more are still unaccounted for, according to the World Health Organization. Schools-turned-shelters in Derna list the names of their inhabitants on their doors to help people like Abu Bakr. Piles of cars and trees brought by the water block streets in Derna. If you make problems, then you become suspicious.”“I hope to wake up one day (and) find the city still standing. Yet, in streets ravaged by the floods, residents of the buildings still standing were adamant on staying in their homes.
Persons: Sarah El Sirgany, CNN Abu Bakr, Abu, ” Karima, Salma, who’s, , , ” Salma, Agilah Saleh, ” Mohamed Eljarh, Eljarh, Moftah, Hanshiry, Derna Organizations: CNN, World Health Organization, Local, Schools, Facebook, Libyan National Army Locations: Libyan, Derna, Abu Bakr, Libya, Salem el
BERLIN, Sept 19 (Reuters) - Germany's interior ministry is planning to force telecoms operators to slash the use of equipment from Huawei (HWT.UL) and ZTE in their 5G networks after a review highlighted an over-reliance on these Chinese suppliers, a government official said. Huawei currently accounts for 59% of Germany's 5G RAN networks, according to a survey by telecommunications consultancy Strand Consult. The interior ministry wants to present its approach to cabinet from next week but could face resistance from the ministry for digital affairs due to concerns it might affect Germany's already slow progress with digitalization. Germany is considered a laggard in implementing the European Union's toolbox of security measures for 5G networks. The interior ministry did not immediately reply to a request for comment.
Persons: Nancy, Faeser, Reinhard Brandl, Andreas Rinke, Sarah Marsh, Sabine Wollrab, Mark Potter Organizations: Huawei, Deutsche Telekom, Vodafone, Germany's, Strand, ZTE, Thomson Locations: Berlin, Germany, China
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsLISBON, Sept 18 (Reuters) - Portugal's telecom watchdog said on Monday it is working with operators to implement a high-level resolution which effectively bars Huawei's equipment from the country's 5G mobile networks, despite legal objections from the Chinese company. Huawei filed a lawsuit with a Lisbon court against the resolution at the end of August, seeking "protection of its legitimate interests and legal rights under the law". Portugal's main operators, Altice, NOS (NOS.LS) and Vodafone (VOD.L) have already said they will not use Huawei equipment in 5G core networks, amid European and U.S. concerns that Chinese involvement in critical infrastructure could compromise security. "It is work that is ongoing and we hope that it will be carried out successfully. We can assure the Portuguese that we are also working together with the operators", he added.
Persons: Benoit Tessier, Joao Cadete de Matos, Matos, Mario Campolargo, Sergio Goncalves, Alexander Smith Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Rights, Portugal's, Huawei, Vodafone, Reuters, Thomson Locations: Porte, Paris, France, Rights LISBON, Portuguese, Lisbon, Beijing
Fighting between the Sudanese army and the paramilitary Rapid Support Forces (RSF) has devastated the capital Khartoum and sparked ethnically driven attacks in Darfur, threatening to plunge Sudan into a protracted civil war and destabilise the region. "Time is running out for farmers to plant the crops that will feed them and their neighbours. The situation is spiralling out of control," U.N. agencies said in a joint statement. REUTERS/Zohra Bensemra/File Photo Acquire Licensing RightsReports of sexual assaults have increased by 50%, said U.N. population fund official Laila Baker. Efforts led by Saudi Arabia and the United States to negotiate a ceasefire in the current conflict have stalled, and humanitarian agencies have struggled to provide relief because of insecurity, looting and bureaucratic hurdles.
Persons: Malik Agar, Elizabeth Throssell, Chad August, Zohra, Laila Baker, Agar, Abdel Fattah al, Burhan, Omar al, Bashir, Khalid Abdelaziz, Nafisa Eltahir, Gabrielle Tetrault, Farber, Aidan Lewis, Alexandra Hudson, Jonathan Oatis Organizations: United Nations, Rapid Support Forces, Sovereign, IOM, Human Rights, REUTERS, Thomson Locations: Sudan, Khartoum, Darfur, Kordofan, Geneva, Chadian, Chad, Adre, Saudi Arabia, United States, Dubai, Nafisa, Cairo
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