Apr. 18, 2024 05:31 AM EDT
HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported a smaller-than-expected profit and a double-digit fall in sales in the first quarter due to a market weakened by a lack of clients investing in 5G technology.
The Espoo, Finland-based company...
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...
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...
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...