BROWSING: financial results

Huawei reported net profits of CNY87 billion in 2023, up 144.5% year-on-year Chinese vendor Huawei reported total revenues of CNY704.2 billion ($99.1 billion) in 2023. In a release, the vendor also reported net profits of CNY87 billion in 2023, up 144.5% year-on-year. In 2023, the company invested...

China Mobile reported a net addition of 138 million 5G subscribers during 2023 China Mobile, the world’s largest operator in terms of subscribers, ended last year with a total of 465 million 5G subscribers, up 42.1% year-on-year, the carrier said in its earnings statement. China Mobile...

ZTE recently launched a set of 5G-Advanced products at MWC 2024 Chinese vendor ZTE said it has recorded an operating revenue of CNY 124.2 billion ($17.27 billion) during 2023. In a release, the company said its net profit amounted to CNY 9.33 billion last year, representing...

Virgin Media O2 said its total mobile base grew to 44.9 million in full year 2023 U.K. telco Virgin Media O2 said its 5G network reached a coverage of 50% of the country’s population as of the end of 2023, the company said in its...

LG Uplus said it added 980,000 5G subscribers during 2023 Korean operator LG Uplus ended the fourth quarter of 2023 with 7.04 million 5G subscribers, up 16.2% year-on-year, according to the company’s latest earnings statement. The telco added a total of 980,000 5G subscribers during 2023,...

During the fourth quarter of the year, SK Telecom added nearly 524,000 5G subscribers SK Telecom, South Korea’s largest telecom operator, ended Q4 2023 year with a total of 15.67 million subscribers in the 5G segment, up 17% from 13.4 million in the same period...

Huawei reported its revenues in 2023 would expand by nearly 9% year-on-year Chinese vendor Huawei Technologies expects to report revenue exceeding CNY 700 billion ($98.5 billion) for 2023, according to comments from the company’s rotating CEO Ken Hu in an internal new year message. The figure...

Rakuten Mobile said it attracted 192,000 new mobile customers only in October Japanese operator Rakuten Mobile expects to reach 8-10 million mobile subscribers by the end of 2024, the telco said in its earnings statement. The telco added a total of 400,000 subscribers since August, ending...

SK Telecom added nearly 400,000 5G subscribers during Q3 SK Telecom, South Korea’s largest telecom operator, ended the third quarter of the year with a total of 15.15 million subscribers in the 5G segment, up 21.5% from 12.5 million in the same period the previous...

American Tower Corporation ended Q3 2023 with a portfolio of approximately 225,000 communications sites American Tower Corporation (ATC) reported overall revenues of $2.82 billion for the third quarter of 2023, climbing 5.5% year-on-year, the company said in its earnings statement. American Tower’s profits for the period...

Huawei generated revenues of CNY456.6 billion ($62.5 billion) in the first three quarters of the year Chinese vendor Huawei generated revenues of CNY456.6 billion ($62.5 billion) in the first three quarters of the year, climbing 2.4% year-on-year. "The company's performance is in line with forecast," said...

ZTE said that tet cash flows from operating activities totaled CNY 9.26 billion in the period Chinese vendor ZTE said it has recorded an operating revenue of CNY 89.39 billion ($12.22 billion) for the first three quarters of the year. In a release, the company said...

ZTE said its net profits in H1 climbed 19.9% year-on-year Chinese vendor ZTE announced total revenues of CNY 60.70 billion ($8.32 billion) for the first half of 2023, representing an increase of 1.5% compared to the year-ago period. In its earnings statement, ZTE said its net...

China Mobile reported a net addition of 130 million 5G subscribers during the first half of 2023 China Mobile, the world’s largest operator in terms of subscribers, ended the first half of the year with a total of 393 million 5G subscribers, up 49.7% year-on-year,...

Huawei said its net profit margin was 15% during the period, up from 5% in H1 2022 Chinese vendor Huawei recorded revenues of CNY310.9 billion ($43.1 billion) in the first half of the year, an increase of 3.1% compared to the same period the previous...

China Tower said its net profit in the first half of the year climbed 14.6% year-on-year to $674 million China Tower ended the first half of 2023 with a total of 2.06 million towers under management, after a net addition of 6,000 sites during the...

American Tower ended the second quarter of 2023 with a portfolio of approximately 226,000 communications sites American Tower Corporation (ATC) is seeing a positive outlook for its international operations given the expected increase in capital expenditures and mobile data consumption in these markets, the company’s...

AT&T hit its $6 billion cost-cutting goal ahead of schedule, and is now looking to shave off another $2 billion or more Despite an only 0.9% year-over-year increase in revenue and a decrease in mobile net adds, AT&T grew its net profit in Q2,...

Crown Castle said its customers are accelerating the selection and identification of new small cell locations in high-traffic locations Crown Castle is seeing lower activity in the tower business as operators in the U.S. have already significantly reduced network spending, the company’s CEO, Jay Brown,...

During 2022, SK Telecom recorded a net addition of 3.5 million 5G customers SK Telecom, South Korea’s largest telecom operator, ended the first quarter of the year with a total of 14.14 million subscribers in the 5G segment, up 5.6% from 13.4 million in the...

Bell now offers "5G+" coverage to more than 40% of the Canadian population Canadian carrier Bell is on track to reach 85% of the country’s population with its 5G service by the end of 2023, the company’s President and CEO Mirko Bibic said during a...

In 2022, Huawei had reported revenues of CNY 642.3 billion, also flat versus 2021 Chinese vendor Huawei reported revenues of CNY132.1 billion ($19.1 billion) in the first quarter of this year, up 0.8% compared to the year-ago period, the company said in a release. Huawei’s net...

Jio has already deployed over 60,000 5G sites across the 700MHz and 3.5GHz bands Indian company Jio Platforms reported its net profit grew 15.6% to INR50 billion ($610.2 million) in its fiscal Q4, ending March 24. The company’s operating revenue also climbed 14.4% year-on-year to INR254.7...

Crown Castle said its capital expenditures during the quarter were $341 million Crown Castle reported revenues its site rental revenues reached $1.62 billion in the first quarter of the year, climbing 3% compared to the year-ago quarter, the company said in its earnings statement. The company’s...