Results for: Telecommunications

Tata Consultancy Services (TCS) has partnered with Bharat Sanchar Nigam Limited (BSNL) to deploy a comprehensive 4G network across India as part of their Rs 15,000-crore agreement. The collaboration aims to provide enhanced mobile connectivity to over 1000 villages, strengthening communication infrastructure for both districts and tehsil offices. TCS is establishing extensive data centers across four regions while BSNL focuses on building the network for 4G and 5G services in various locations. The project has attracted orders worth approximately Rs 19,000 crore for TCS, Tejas Networks, and ITI, paving the way for the integration of 5G capabilities in the future.

Huawei Digital Power’s Site Power Facility Domain showcased smart universal power solutions for telecommunications at the 8th Global ICT Energy Efficiency Summit in Bangkok, Thailand, on May 9. The company aims to build superior power systems that meet operators’ needs for ‘one-time deployment with ten-year evolution.’

AT&T Inc. (T) reported a solid first quarter, showcasing the company’s commitment to an investment-led strategy and delivering positive results. Here’s an overview of the key takeaways:

* **Growth in key areas:** AT&T added 349,000 postpaid phone subscribers, bringing the total to 71.6 million high-value subscribers. The company also added 252,000 AT&T fiber net additions, increasing the fiber consumer subscriber base to nearly 8.6 million.

* **Adjusted EBITDA growth:** Adjusted EBITDA increased by 4.3%, driven by growth in mobility, consumer wireline in Mexico, partly offset by a decline in business wireline.

* **Strong cash flow:** AT&T generated $3.1 billion in free cash flow, driven by efficient EBITDA growth and improved cash conversion.

* **Continued network investment:** AT&T remains focused on network investments, with plans to connect 25 million people by 2030 and expand 5G and fiber access.

* **Broadband growth:** AT&T Fiber continues to drive broadband growth, capturing over one-third of broadband net adds across major providers for the past three years.

* **Business solutions focus:** AT&T is expanding its business solutions portfolio, including FirstNet and AT&T Internet Air for business.

* **Debt reduction and shareholder value:** AT&T is committed to debt reduction and shareholder value, targeting a leverage ratio of 2.5 times by the first half of 2025.

Chilean telecommunications company Entel announced plans to invest $618 million in 2023, primarily in its mobile and home segments. The majority of the funds ($451 million) will be allocated to Chile, while $167 million will go to Entel’s Peruvian unit. In Chile, the company anticipates a modest decline in investment for mobile and business operations due to market challenges. However, in Peru, Entel aims to capture 30% market share within the next three to four years.

The Russian invasion of Ukraine has significantly damaged the country’s telecommunications network, requiring an estimated $4.67 billion (€4.38 billion) and 10 years to repair. Over 4,300 mobile base stations and a quarter of the internet networks have been destroyed, with fiber optic cables also sustaining extensive damage. The heaviest hit areas are Donetska Oblast and Kharkivska Oblast, accounting for 17% of the damage each. The Ukrainian government is working with private providers to restore connectivity, sharing infrastructure and implementing innovative solutions like Starlink satellite communication. However, the ongoing conflict poses a challenge to repair efforts, and the government estimates that 12% of Ukrainian households have lost mobile service.

E-Space, a telecommunications startup based in Saratoga, California and Beverly, Massachusetts, intends to establish its headquarters and manufacturing facility at Arlington Municipal Airport in Arlington, Texas. The company aims to build a 750,000-square-foot facility in the initial phase, creating an estimated 3,335 direct and indirect jobs over 30 years, with a projected $8 billion in salaries. E-Space plans to employ a minimum of 400 people in the first five years, with an average annual salary of $95,000. The Arlington Economic Development Corp. is expected to approve a master agreement with E-Space on April 23rd, providing up to $50 million in sales tax proceeds for construction.

Verizon Communications (VZ) reported better-than-expected wireless subscriber additions and financial results in the first quarter of 2023. Despite losing 68,000 wireless subscribers, below analyst estimates, the company’s wireless service revenue grew 3.3% to $19.5 billion, driven by pricing adjustments and higher premium plans. Adjusted earnings per share (EPS) declined from $1.20 to $1.15, but surpassed expectations of $1.12. Total revenue increased slightly by 0.2% to $33 billion, shy of analyst expectations. Verizon remains optimistic about the future, expecting continued wireless service revenue growth and adjusted EPS within the range of $4.50 to $4.70.