Industry News

Huawei reported 35.6 billion yuan ($5.12 billion) in net profits in 2022, a drop of 68.7% as compared to 2021 (113.7 billion yuan) in its annual report. The company generated 642.3 billion yuan ($92.37 billion) in revenue. During a press conference, Huawei said that it would continue to strengthen investment in R&D, with an annual expenditure of 161.5 billion yuan ($23.22 billion) in 2022, representing 25.1% of the company's annual revenue and bringing its total R&D expenditure over the past 10 years to more than 977.3 billion yuan ($140.55 billion).

In an increasingly digitalized world, submarine cables are essential to ensuring that global networks are well interlinked to support modern data traffic. Navigating the open seas becomes the top priority as the industry comes together to collaborate on critical infrastructure to address the demands of digital economies.

India’s fixed communication services revenue is projected to increase at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2027, as forecasted by data and analytics company GlobalData.

TM Forum, the industry association driving digital transformation through collaboration, will hold DTW Asia in Bangkok for the first time from March 14–16 at the Centara Grand at Central World.

MEF, a global industry association of network, cloud, and technology providers accelerating enterprise digital transformation, announced its first annual Global Network-as-a-Service Event (GNE), designed to showcase the latest developments and roadmaps for secure network-as-a-service (NaaS) offerings for enterprises and businesses.

The digital connectivity divide separating the globe's least developed countries (LDCs) is widening, according to ITU's Facts and Figures: Focus on Least Developed Countries. 

The rise in cyber-attacks, digital transformation initiatives and remote working trends are pushing spending on security hardware, services and software in Asia/Pacific, excluding Japan as per new IDC findings.  IDC expects the spending to reach $36 billion in 2023, an increase of 16.7% over the previous year. It further states that security investments will remain resilient in 2023 and the forecasted years (2021–2026) on the back of uncertain global economic conditions. IDC expects spending on security-related products and services to grow at a five-year CAGR of 15.4% over the forecast period to reach $55 billion by 2026.

Telenor Asia has announced the completion of the merger of the telco operations of True and dtac in Thailand. The transaction is reportedly the largest telco merger in Southeast Asia by combined enterprise value.

Jio Platforms, a subsidiary of Reliance Industries, is set to buy fixed wireless access (FWA) maker Mimosa Networks for $60 million as it looks to broaden its 5G and broadband services, according to a company statement.

ZTE, in partnership with Guangzhou Metro Group and China Mobile Guangzhou Branch, has been awarded the “Best Mobile Innovation for Connected Economy” for the joint project 5G-empowered Smart Metro in Guangzhou at the Global Mobile (GLOMO) Awards during the Mobile World Congress (MWC) 2023 in Barcelona, Spain. The accolade is in recognition of the impressive efforts that the winners have been dedicated to in enhancing productivity and greatly fueling the transformation of the 5G industry and society.