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Huawei revenue growth wilts under ‘intense pressure’

Huawei revenue growth wilts under ‘intense pressure’

Huawei’s revenue growth slowed significantly in the first nine months of 2020, the Chinese telecom giant said Friday, citing “intense pressure” on operations during the coronavirus and as the US moves to cut off its access to vital components. Huawei, the leading global supplier of telecoms networking equipment and a top smartphone producer, said it […]

Ericsson posts better-than-expected results

Ericsson posts better-than-expected results

Swedish telecoms equipment maker Ericsson, one of Europe’s key 5G suppliers, reported Wednesday better-than-expected third quarter results on the back of its highest profitability rating since 2006. Ericsson posted a three months to September net profit of 5.6 billion kronor (522 million euros, $622 million) compared with a loss in the same period the previous […]

Nigeria inches closer to 5G, as NCC mulls multi-sector policy for adoption

Nigeria inches closer to 5G, as NCC mulls multi-sector policy for adoption

…Network to trigger $13.2 trillion sales, services by 2035 By Juliet Umeh Despite the controversies surrounding the fifth-generation network, 5G over perceived relations with the COVID-19 pandemic, Nigeria appears closer to adopting it. This is apparently owing to the huge economic benefits the network has been said to accrue to countries that have adopted it. […]

US slaps Google with antitrust suit, eyes possible breakup

US slaps Google with antitrust suit, eyes possible breakup

The US government filed a blockbuster lawsuit Tuesday accusing Google of maintaining an “illegal monopoly” in online search and advertising in the country’s biggest antitrust case in decades — opening the door to a potential breakup of the Silicon Valley titan. The politically charged case, which could take years to play out, draws new battle […]

Ex-employee sues Cellulant N529m over ‘wrongful’ termination of employment

Ex-employee sues Cellulant N529m over ‘wrongful’ termination of employment

By Rasheed Sobowale A former employee of Cellulant Nigeria Limited has sued the company of a sum totalling about N529 million over “wrongful termination” of his employment contract. Also copied in the suit was Cellulant Corporation (the second defendant). The ex-employee, in the suit document signed by his lawyers, Samuel Etuk Esq. and Nseobong Okon […]