Huawei founder and CEO Ren Zhengfei said the company had decided to exit the U.S. network equipment market, according to media reports, because of continuing disputes between the U.S. and China and lingering concerns, which the company has called unfounded, that Huawei itself poses a security threat to the United States.
Nokia is not considering a deal between the company's Nokia Solutions and Networks (NSN) unit and rival Alcatel-Lucent after gauging the possibilities for a transaction, according to a Wall Street Journal report.
Nokia Solutions and Networks (NSN) will be the biggest and most well-known unit inside Nokia following Microsoft's $7.3 billion deal to buy Nokia's handset business, and NSN CEO Rajeev Suri wants the business to keep growing after years of painful cost cuts. Suri did not rule out acquiring weaker rivals to boost NSN's growth.
Ulf Ewaldsson, Ericsson's CTO and senior vice president, spoke to FierceWirelessTech Editor-in-Chief Sue Marek about the company's view of LTE Broadcast technology, Voice over LTE and what exactly 5G will be. "We are looking at tough requirements for 5G with download speeds of up to 20 Gigabits and latency below 1 millisecond," Ewaldsson explained. For more, check out this FierceWirelessTech Hot Seat.
Ericsson predicted that the market for network gear will grow 3 percent annually or more in the years ahead, and said the fundamentals of its business remain solid.
Alcatel-Lucent said it is seeking to raise around $2.7 billion in fresh capital via a combination of new shares and debt, as the equipment vendor takes advantage of a rising stock price and optimism that it will be able to reverse its business situation.
Alcatel-Lucent reported a narrower loss for the third quarter amid rising revenue. The results indicate that the vendor's massive new cost-cutting plan is starting to take hold as it tries to nurse itself back to health as a smaller company.
Nokia Solutions and Networks' significant win in China Mobile's recent TD-LTE tender put a positive spin on the vendor's third-quarter results, as did an upbeat forecast of future growth. But a slip in sales nonetheless cast a shadow on NSN's ongoing turnaround.
A senior Huawei executive said it may take a decade to clear up the national security and cybersecurity concerns lawmakers have with the Chinese vendor because the company is held to a "higher bar."
Alcatel-Lucent CEO Michel Combes warned that the company is facing a dire situation and that its recently announced job cuts and restructuring moves are necessary to keep the vendor afloat.