H1 earnings

TPG Telecom CEO and MD Inaki Berroeta expressed confidence of registering faster service revenue growth in H2 after subscriber gains started to translate into improved earnings in the first half.

China Telecom set the target of deploying an additional 120,000 5G base stations in the second half to take the total to 990,000, following a 50 per cent capex increase in H1.

Huawei’s core network business returned to growth in the first half of 2022, benefitting from rising global 5G rollouts and slowing a decline in overall revenue which had dropped for seven consecutive quarters.

China Mobile predicted continued gains in 5G network customer numbers over the second half, after doubling the number in H1 alongside booking double-digit profit and revenue growth.

HKT recorded modest growth in H1 as gains from higher-cost 5G plans were partially offset by intense competition in the price-conscious segment as prolonged travel restrictions curtailed roaming revenue.

Globe Telecom’s board approved a move to sell more than 7,000 towers to three specialist groups around two months after management reportedly began exploring options, with 75 per cent of the proceeds to fund capex and the remainder to…

CK Hutchison touted an expectation of future improvements in 3 Group Europe’s financial performance in its H1 earnings report, as it pursues an asset-light strategy, creates new 5G revenue streams and assesses in-market consolidation.