Friday, January 27, 2023

Nokia Global Sales on the Rise

By John Celentano, Inside Towers Business Editor
Nokia (NYSE: NOK), headquartered in Espoo, Finland, bolstered its position as a leading global communications equipment supplier with double digit top line growth in 2022. Consolidated sales grew 12 percent year-over-year to $27 billion, and operating profit grew 9 percent to $2.5 billion. During 2022, Nokia invested $4.9 billion or 18 percent of sales in research and development. For 2023, the company is projecting sales of $27-29 billion with operating margins in the 11.5-14 percent range.

Pekka Lundmark, Nokia President and CEO comments, “As we look into 2023, even as some developed markets, like North America, mature, other markets, like India, are just starting to ramp up. So, we see the addressable markets for Mobile Networks continuing to grow. With the recent deals won, we believe we are in a strong position to outperform the market.” Continue Reading

Thursday, January 26, 2023

AT&T Reports on 5G and Fiber Buildout Goals

By John Celentano, Inside Towers Business Editor
AT&T (NYSE: T) is executing on its two strategic initiatives – the buildout of its nationwide 5G network, and expansion of its fiber network both within and outside its operating footprint. Its year-end 2022 results reflect that progress. The company expanded its retail wireless customer base to 104 million postpaid and prepaid subscribers, up over 3 percent on a year over year basis. Including connected devices and reseller lines, AT&T’s wireless network supported over 217 million connections on December 31. 

It is ahead of schedule with its C-band 5G spectrum rollout objective, now reaching 150 million mid-band 5G POPs, more than double its initial 2022 year-end target. Where mid-band 5G is deployed, 25 percent of the traffic already utilizes that spectrum. The company expects to cover more than 200 million people with mid-band 5G by the end of 2023. Continue Reading

Wednesday, January 25, 2023

Verizon Closes Out 2022 On a High Note

By John Celentano, Inside Towers Business Editor
Not to be outdone by its wireless and cable company rivals, Verizon (NYSE: VZ) reported strong 4Q22 results and offered a positive outlook for its 2023 operations. Despite some quarterly gyrations during 2022, one of the more closely watched performance metrics is subscriber net additions. In Verizon’s case, this metric applies to wireless retail comprising postpaid and prepaid subs, fixed wireless access, and wireline broadband under the company’s FiOS-branded fiber-to-the-home service.

For the year, the company had 2.2 million postpaid and prepaid wireless net adds, 1.2 million in 4Q alone, bringing its industry-leading total to 143.3 million wireless retail subscribers. Wireless service revenues for 2022 grew nearly 9 percent year-over-year to over $74 billion, accounting for 54 percent of the company’s total revenues. Continue Reading

Tuesday, January 24, 2023

American Tower Considers Takeover Bid of Cellnex

By J. Sharpe Smith, Inside Towers Technology Editor
American Tower Corporation (NYSE: AMT) and Brookfield Asset Management Ltd. are considering a takeover bid for Barcelona-based tower company Cellnex Telecom, including taking it off the stock market, Spanish news outlet Okdiario reported last Friday. Cellnex’ stock rose based on the news, while American Tower’s fell. 

The report of a possible deal came on the heels of a shake up in management at Cellnex. The tower company appointed Alfonso Álvarez as chief executive of its subsidiary in the United Kingdom, replacing David Crawford, according to Okdiario. Last week, Inside Towers reported that Tobias Martinez resigned as CEO and Director of Cellnex, effective June 1, 2023. Continue Reading

Monday, January 23, 2023

T‑Mobile Reports Database Hack

By J. Sharpe Smith, Inside Towers Technology Editor
For the second time in as many years, T-Mobile has been hacked. The carrier suffered a database breach that began last November affecting the personal information of 37 million subscribers, according to a filing with the Securities Exchange Commission last week. The hacker obtained access to limited types of information, including name, billing address, email, phone number, date of birth, and the T-Mobile account number of current postpaid and prepaid accounts.

On January 5, 2023, T-Mobile identified that someone had obtained data on November 25, 2022, through an Application Programming Interface, commenced an investigation and shut down the malicious activity. “As soon as our teams identified the issue, we shut it down within 24 hours,” the carrier said in a statement. “Our systems and policies prevented the most sensitive types of customer information from being accessed, and as a result, customer accounts and finances should not be put at risk directly by this event.” Continue Reading

Friday, January 20, 2023

FCC Reworks 4.9 GHz, Keeps Public Safety as Primary Use

By Leslie Stimson, Inside Towers Washington Bureau Chief
The FCC agreed this week to revamp the 4.9 GHz band to create a new leasing model for unused parts of the spectrum. But it will keep the band’s primary purpose for public safety use.

In a Seventh Report and Order and Ninth Further Notice of Proposed Rulemaking, the Commission established what it calls a “comprehensive and coordinated” approach to managing the 4940-4990 MHz band while retaining its locally controlled, public safety nature. “In doing so, we solidify the band’s status as public safety spectrum, while also allowing secondary, non-public safety use as agreed to by public safety licensees through a new leasing model,” says the agency. Continue Reading

Thursday, January 19, 2023

FCC Proposes $62M Fine Against Q Link Wireless

By Leslie Stimson, Inside Towers Washington Bureau Chief
The FCC proposed a $62 million fine against Q Link Wireless LLC for apparently violating the agency’s rules governing Emergency Broadband Benefit (EBB) program reimbursements. In a Notice of Apparent Liability, the Enforcement Bureau alleges the carrier incorrectly claimed hundreds of thousands of dollars in EBB support through the EBB reimbursement program.

Q Link Wireless is a limited liability company organized in Delaware and based in Dania Beach, FL. Q Link is a telecommunications carrier that has provided wireless Lifeline service on a resale basis since 2012, operating in 31 states, Puerto Rico, and the U.S. Virgin Islands. Continue Reading