Friday, March 31, 2017
Huawei reported a 32% increase in revenue for 2016 to 521.6 billion Chinese yuan (75.1 billion US dollars). The Carrier business group generated 290.6 billion billion in revenue, an increase of 24% year-on-year, while the Enterprise business group lifted revenues 47% to 40.7 billion yuan. Huawei's Consumer business group shipped 139 million smartphones during 2016, generating 179.8 billion yuan in revenue, up 44%.
"The year 2016 saw a flock of black swans – both political and economic – sweep across the globe. Nevertheless, we maintained our strategic focus, patiently applying ourselves to making breakthroughs and creating real value for our customers," said Huawei's rotating CEO Eric Xu. "Our carrier business, with a continued focus on digital transformation, achieved solid growth by leveraging major opportunities in cloud, video, IoT, and operations transformation." source: Huawei statement
Thursday, March 23, 2017
In 2016, China Mobile's revenue rose by 6% to 708.4 billion Chinese yuan (103 billion US dollars), as the giant operator expanded its 4G customer base to 535 million connections (up 71%). China Mobile said it plans to cut capex by 6% in 2017 to 176 billion Chinese yuan, as it prepares to reduce 4G investment by 11% and wireline broadband spending by 47%. The operator plans to "adjust network structures centering on data centers [and] reserve resources in advance to support the future development of 5G and IoT."
China Mobile is aiming to add 100 million Internet of Things (IoT) connections in 2017 (on top of the 100 million it already serves), together with 100 million new 4G subscribers and 20 million wireline broadband customers. source: China Mobile presentation
Labels: More East Asia telecoms
Monday, March 20, 2017
Thursday, March 2, 2017
Deutsche Telekom forecast that its revenues will grow between 1% and 2% in 2017, following a rise of 5.6% in 2016 and a 9.4% increase in the fourth quarter of 2016. Although revenue in Germany declined in the fourth quarter by 0.5% to 5.6 billion euros, revenue in the US leapt almost 24% to 10.2 billion US dollars.
The group forecast it will spend 12 billion euros on capex, excluding spectrum, in 2017 compared with 11 billion euros in 2016. It said: "The ongoing increase of customer numbers in the United States and improving results in the German home market continue to be the main driver of revenue and earnings." Source: Deutsche Telekom presentation
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