TelecomIndustry

Nokia Anticipates Decline in Profit as Businesses Postpone Network Enhancements

2 months ago

Nokia, the Finnish telecommunications giant, has announced a less optimistic outlook regarding its profits for the upcoming quarter. The company is experiencing mounting pressure as numerous businesses choose to delay vital upgrades to their network infrastructure. This decision is primarily driven by the current economic uncertainties that have left many companies hesitant to invest heavily in technological advancements.

Telefónica's New CEO Tackles Initial Challenge as Bids for Fiber Unit Loom

2 months ago

In a significant moment for Telefónica, the company’s newly appointed CEO, José María Álvarez-Pallete, is gearing up to confront his first major challenge as bids for the telecommunications giant's fiber unit are set to be submitted soon. This strategic move comes amidst an evolving landscape within the telecommunications sector where digital infrastructures are critical to connectivity and growth.

Cellnex Plans to Repurchase Up to $800 Million in Shares in 2025

3 months ago

Cellnex, the prominent Spanish telecommunications infrastructure giant, has announced its intention to buy back as much as $800 million worth of its own shares in 2025. This strategic move is seen as a significant effort to enhance shareholder value amid evolving market conditions and rising demand for telecom infrastructure.

Creditors at Altice France at Odds Over Debt Costs and Equity Stakes

5 months ago

In a high-stakes financial standoff, creditors of Altice France have found themselves divided over the company’s mounting debt obligations and the implications for equity ownership. As Altice grapples with significant financial challenges, the discord among its creditors is stirring concern over the future stability of the telecommunications giant.

Nokia Slashes Workforce in China by Nearly 2,000 Amidst Tough Telecom Landscape

6 months ago

In a significant move reflecting the challenging conditions within the telecom industry, Nokia has announced the elimination of nearly 2,000 jobs in China. This decision underscores the ongoing difficulties faced by the telecommunications sector in the wake of increased competition and shifting market dynamics.