Huawei reported a 15 percent jump in revenue for the first six months of 2017 compared to the same period last year. The Chinese vendor attributed the results to solid growth in its carrier, enterprise, and consumer businesses.
Huawei announced a partnership with digital money transfer service WorldRemit, making WorldRemit's international money transfer service available to all partners of Huawei's mobile money service platform across Africa. WorldRemit is a leading global provider of remittances, processing 74% of all international transfers to mobile money accounts coming from money transfer operators.
Qualcomm reported revenues of $5.4 billion for the three months to 25 June in 2017 and highlighted better than expected results in its semiconductor business. Due to Apple's ongoing licensing dispute with Qualcomm, the company's revenue was down 11 percent year on year, but CEO Steve Mollenkopf remains positive.
CommScope has agreed to acquire Cable Exchange, a privately held, quick-turn supplier of fiber optic and copper assemblies for data, voice and video communications.
Nuage Networks, the Nokia venture focused on software-defined networks (SDN), is continuing its strong push in the software-defined wide area network (SD-WAN) market thanks to recent contracts with several of the world's largest service providers including BT, China Telecom, Telefonica, and Telia. TELUS announced that it has joined forces with Nuage Networks to launch TELUS Network as a Service (NaaS), an innovative new SD-WAN solution that enables businesses to virtually build, manage and cloud-optimize their networks quickly, easily and cost effectively through a flexible self-serve platform.
The Commonwealth Telecommunications Organisation (CTO) is pleased to announce that Huawei has joined the organisation as an ICT Sector Member. This is a membership category of the CTO that is open to the private sector.
Ericsson is set to reduce more staff following the disclosure of its financial results for Q2 in 2017. The company has confirmed it will axe staff, although it didn't speculate how many jobs were at risk, in addition to this it will also reduce its real estate footprint as part of its efforts to make $1.2 billion in cuts.
Nokia and WorldLink are upgrading 650-km-long backbone network with Nokia's 1830 PSS (Photonic Service Switch) DWDM (Dense Wavelength Division Multiplexing) technology to support bandwidth-hungry entertainment and enterprise services across the country. The intercity network stretches from Kathmandu to Bhairahawa and Birgunj, and provides international connectivity between Nepal and other countries including India.
NXN (formerly neXgen), a leading smart city consulting and digital service provider, announced that it has signed an original equipment manufacturer (OEM) agreement with SAP. Through this agreement, NXN integrates and provides a powerful combination to help governments and real estate developers across the region to build cities that are powered by innovative smart services.
As the first commercial Internet of Things (IoT) networks are being introduced, Ericsson complements its cellular IoT software and IoT Accelerator offerings with a complete set of network services. These services enable service providers to efficiently address the deployment and operation of the massive number of IoT devices being introduced to LTE networks.