Latest Telecommunications News

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

Mar. 29, 2024 04:25 AM EDT

HONG KONG (AP) — Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions. The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped...

Swisscom confirms talks to buy Vodafone's Italian unit for 8B euros

Feb. 28, 2024 04:14 AM EST

GENEVA (AP) — Telecoms operator Swisscom confirmed Wednesday it's in talks with Vodafone Group toward a possible purchase of its Italian subsidiary for 8 billion euros ($8.65 billion). The Swiss company, which is majority owned by the Swiss government, said in a statement it's in...

Shenandoah Telecom: Q4 Earnings Snapshot

Feb. 21, 2024 07:19 AM EST

EDINBURG, Va. (AP) — EDINBURG, Va. (AP) — Shenandoah Telecommunications Co. (SHEN) on Wednesday reported fourth-quarter profit of $2.6 million. On a per-share basis, the Edinburg, Virginia-based company said it had profit of 5 cents. The results topped Wall Street...