Q2 earnings

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Devices Xiaomi August 22, 2022

Domestic Covid-19 measures weigh on Xiaomi

Chinese vendor Xiaomi’s bottom-line was hit by widespread Covid-19 (coronavirus) restrictions in Q2 which slowed demand for smartphones across the country. President Wang Xiang said on an earnings call China…

By Joseph Waring

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Asia Pacific August 18, 2022

Tencent books first revenue decline

Chinese internet giant Tencent suffered a second consecutive quarterly profit decline and its first ever revenue drop, as advertising and gaming sales during Q2 were hit by prolonged domestic Covid-19…

By Joseph Waring

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5G+ Asia Pacific Operators August 16, 2022

True pays cost for 5G

True Corp booked a higher net loss in the second quarter due to an increase in depreciation and amortisation expenses to support its nationwide 5G network rollout. In its earnings…

By Joseph Waring

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Deutsche Telekom Operators August 11, 2022

Deutsche Telekom continues 2022 momentum

Deutsche Telekom raised its guidance for a second time this year as it was buoyed by continued gains in the US, and momentum in Europe and home market Germany.

By Kavit Majithia

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Asia Pacific Operators August 11, 2022

Mobile, enterprise fuel KT, SKT growth

The two largest mobile players in South Korea recorded strong 5G subscriber gains in Q2, with revenue growth driven by their mobile and enterprise units. KT’s 5G subscribers grew 49.2…

By Joseph Waring

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Asia Pacific Network Tech Rakuten August 10, 2022

Rakuten hypes Symphony, mobile losses mount

Rakuten Symphony CRO Rabih Dabboussi indicated the open RAN platform provider experienced an intensity of interest in its offering since MWC Barcelona 2022, with more than 100 players identified as…

By Chris Donkin

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Network Tech August 10, 2022

Funding woes overshadow Starry gains

US-based fixed wireless access (FWA) service provider Starry Internet posted Q2 revenue of $7.8 million, a 52 per cent increase year-on-year, and added a record 9,703 subscribers, but funding remains…

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