Telecom Vendors

Ericsson has been named the overall sustainability leader in a study conducted by ABI Research that evaluated the capabilities of telecom vendors to reduce energy use and waste across the industry.

Following the US chipmaker’s slump on Wall Street with dismal earnings projections, Intel Corp. was set to erase nearly $8 billion in market value, triggering fears of a personal computer market downturn.

Maintaining its leadership role in supporting service providers with their net zero ambitions while meeting demand for 5G capacity and revenue grow, Ericsson has launched enhanced RAN and Transport portfolio that will be showcased at Mobile World Congress (MWC) 2023 Barcelona. Over 10 new Ericsson solutions will cut carbon emissions and site footprint, increase energy performance and boost network capacity.

Nokia announced the signing of a new cross-license patent agreement with Samsung following the expiration of their previous agreement at the end of 2022.

Nokia announced the launch of its sixth-generation super-coherent photonic service engine, the PSE-6s, which is capable of reducing network power consumption by 60%. In addition to improving energy efficiency, network operators need to add massive capacity in response to ever-increasing demand.

"We said at the start of 2022 that it would be a year of acceleration, and we delivered what we promised," announced Nokia President and CEO Pekka Lundmark.

Flattening revenues have been a challenge for service providers in all parts of the world, often impacting network investment decisions as part of their business growth strategies, known as “monetization” in the industry.

Education is an important pillar that influences the progress of people and societies. iQ stated its commitment to supporting the education sector through its efforts and activities and creating an informed and capable generation.

Ericsson’s Wallet Platform has been leveraged by Mobily to launch Mobily Pay, a mobile financial service, during LEAP23. The service is available to all the users in the Kingdom to carry out personalized financial services like contactless payments, money transfers, international remittances, digital card payments, cash-back, bill payments, mobile top-ups and more, securely and at their convenience.

Ericsson failed to meet its profit expectations in Q4 2022 and warned of tough times ahead.