Ericsson released a statement on January 16 noting that it will book SEK 14.2 billion (US$ 1.77 billion) in write-downs in its Q4 2017 financial results. The write-downs, Ericsson said, are related to the company’s Digital Services and Other divisions, in addition to an SEK 1 billion charge related to tax changes in the United States.
Telecom Review Asia Pacific - Telecom Industry News
Chinese smartphone brands continue to grow in Bangladesh and now capture 29 percent of the market, up from 13 percent a year ago, according to Counterpoint Research. In Q3 2017, Chinese smartphone brands grew 125 percent year-on-year in the South Asian nation.
Ericsson has launched its ‘Towards a 5G consumer future’ industry insight report that discusses the six calls to action from consumers that operators need to act upon to provide a foundation for adoption of 5G technology. The report, the largest 5G consumer expectation study to date, represents the views of 800 million smartphone users worldwide.
Vodafone Australia will have to significantly improve its processes for verifying the identity of prepaid mobile customers under an enforceable undertaking accepted by the Australian Communications and Media Authority (ACMA).
Chinese electronics and software company Xiaomi has reportedly signed on bankers to support an expected initial public offering (IPO) which could value the company at $100 billion, Bloomberg said. Goldman Sachs and Morgan Stanely have been selected by Xiaomi, with Credit Suisse and Deutsche Bank playing a role, the report speculates.
North Korea’s only 3G network provider, Egypt’s Orascom, froze operations in the hermit kingdom last month, cutting off some 3.5 million people connected to its local Koryolink services. According to a report by Newsis, citing Japanese intelligence sources, Orascom is pulling out of North Korea due to the regime’s continuous nuclear missile provocations.
Philippine telecom and digital services provider PLDT and its mobile unit Smart Communications announced a US$28.5 million partnership with global information and communications technology leader Huawei to transform the group's wireless service delivery platforms.
An important technology milestone based on the newly-approved NSA 5G NR (New Radio) standard has been achieved by a group of mobile communications companies. Ericsson and Qualcomm Technologies, in collaboration with AT&T, NTT DOCOMO, Orange, SK Telecom, Sprint, Telstra, T-Mobile US, Verizon, and Vodafone, showcased 3GPP-compliant 5G NR multi-vendor interoperability during live demonstrations held in both the Ericsson Lab in Kista, Sweden and the Qualcomm Research lab in New Jersey, USA.
Japanese conglomerate SoftBank Group has moved swiftly to cool down speculation over reports claiming it is preparing to list its mobile unit on the stock exchange in Tokyo. Speculation has become so rife the company was forced to issue a statement concerning the potential IPO listing. In the statement released to the press, it reiterated that no decision has been formally made to officially proceed with the IPO listing of its mobile unit.
The Australian Competition & Consumer Commission (ACCC) instituted proceedings in the Federal Court in mid-December against Australian telecom company Optus, alleging it misled customers about the need to move quickly from its existing HFC network to the National Broadband Network (NBN).