Worldwide Telecommunications Services and Pay TV Services revenues totaled $1.53 trillion in 2020, representing flat year-over-year growth, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
Industry News
Nokia ranks first in 5G patents
Nokia has been ranked as number one in 5G patents in an independent study.
Tata Communications records strongest fiscal profit in 11 years
Tata Communications has announced its fiscal results for FY2021 and the quarter 31 March 2020.
Colt brings IP-based ISDN phone service to Japan with VoiceLINE(v)
Colt Technology Services has announced an expansion of its VoiceLINE(v) service to Japan, making this offering now available in 14 countries globally.
Huawei Ecosystem Summit 2021 in Singapore - Digital transformation boosted by the pandemic
Huawei hosted its annual Singapore Ecosystem Summit themed ‘Transform with Growth’ on Thursday, 29 April. The summit convened 2,021 participants, including customers, channel business partners, government representatives, academics and industry experts.
India’s mobile data service revenue to record 14.7% CAGR over next five years
Mobile data service revenue in India is expected to rise from US$6.3bn in 2020 to US$12.5bn in 2025 at a compound annual growth rate (CAGR) of 14.7% driven by continued rise in smartphone subscriptions and the subsequent surge in mobile data consumption, according to GlobalData, a leading data and analytics company.
Accenture acquires Australia Electro 80 to expand digital OT footprint
Accenture has acquired Electro 80, a leading provider of operational technology (OT) for resources clients in Australia, including mining, energy, engineering, construction and utilities companies. The acquisition expands Accenture’s local digital OT capabilities, which help asset-intensive companies make manufacturing and production operations safer and more efficient. The acquisition also strengthens Accenture’s local capabilities for Industry X, which helps clients digitise their manufacturing, operations and engineering.
ZTE records more than RMB 45 billion in patented technology value
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has been included among major participants and setters of the global 5G standards for leading the world in 5G technology, patents, standards, industries, and terminals, according to the latest report “Challenges and Prospects for China's Telecommunications Industry and Intellectual Property Market” by established investment management company Jones Lang LaSalle (JLL).
Global public cloud spending to reach $332.3 billion in 2021
Spending on global public cloud services is projected to reach $332.3 billion in 2021, increasing by 23.1% from $270 billion in 2020. According to Gartner, growth in cloud spending can be attributed to increased adoption in technologies such as virtualization, edge computing and containerization.
MIIT: China is home to world’s largest 5G network
With 260 million 5G mobile connections, China boasts the world’s largest 5G mobile network, according to Liu Liehong, vice minister of China’s Ministry of Industry and Information Technology (MIIT) in a press conference this week.