Ericsson has been recognised as a Leader in 5G network infrastructure Ericsson’s Leaders quadrant recognition in the February 2021 Gartner Magic Quadrant for 5G Network Infrastructure for Communication Service Providers (CSPs) report recognises the company’s Leader position in both completeness of vision and ability to execute. Vendors offering 5G solutions for communications service providers were comprehensively and independently assessed and evaluated by Gartner experts on their completeness of vision and ability to execute to provide a market snapshot on 5G infrastructure abilities. End-to-end 5G network infrastructure vendors were evaluated on how they enable IT provider performance to be competitive, efficient, and effective and to positively impact revenue, retention, and reputation within Gartner’s view of the market. The assessment of ability to execute included Ericsson’s products and services, Market Responsiveness and Track Record, Marketing Execution, Customer Experience, and Overall Viability. Fredrik Jejdling, executive vice president and head of Networks, Ericsson, said: “From research to rollout, we have invested heavily in 5G to ensure we have the best products, skills, and field personnel to meet our customers’ needs. We believe that recognition as a Leader in the Magic Quadrant from Gartner reflects our technology leadership, market competitiveness, determination to innovate, and commitment to our customers.” Gartner Magic Quadrant for 5G network infrastructure for communications service providers Ericsson, as an industry leader in 5G networks, currently has more than 130 commercial 5G agreements with unique CSPs and powers 79 live 5G networks across the globe. Ericsson continuously evolves its end-to-end 5G offerings, which include Ericsson Radio System, 5G Core, Orchestration and 5G Transport, as well as professional services. The company has introduced innovative software solutions such as Ericsson Spectrum Sharing, …
Huawei secured 40 5g commercial contracts by end march
VIETNAM BUSINESS NEWS FEB. 25
HCM City eyes 10 percent growth in export in 2021 Shrimps processed for export Ho Chi Minh City’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent. Under its development plan for 2021 recently submitted to the municipal People’s Committee, the sector said import revenue is estimated at 56.47 billion USD for the whole year, up 11 percent against the previous year. Besides, it eyed to reel in more than 835.68 trillion VND (36.29 billion USD) from retail sales and services revenues in the year, up 10 percent year-on-year. The department said it will carry out necessary measures in a comprehensive fashion to branch out industry and trade, contributing to promoting economic recovery of the southern hub. Earlier, HCM City set a goal of boosting the export of its key products this year and beyond via trade promotion activities and assistance to enterprises. Head of the statistics office Huynh Van Hung said COVID-19 has been largely brought under control around Vietnam, resulting in the production sector exhibiting signs of recovery. Local enterprises, however, continue to face difficulties as many major trading nations are yet to open their markets. He noted that enterprises are in need of diverse and long-term support relating to information on importers of materials and fuel, new markets and partners, and domestic consumption stimulus measures. According to Nguyen Phuong Dong, Director of the municipal Department of Industry and Trade, despite facing myriad challenges, last year the city still saw five goods post export turnover in excess of 1 billion USD: computers-electronic products and components, with 17.8 billion USD; garment-textile 4.3 billion USD; footwear 2.2 billion USD; machinery-equipment-spare parts 2.2 billion USD; and other goods 6.9 billion USD. Together their export value accounted for 83.5 percent of the city’s total. Key export …
Shares recover on the back of banking and energy stocks
A customer at a branch of Military Bank (MBB). Shares of MBB rose 1.1 per cent on Thursday. Photo courtesy of MBB HÀ NỘI — Shares bounced back on Thursday on the back of large-caps, banking and energy stocks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.29 per cent to close at 1,165.43 points. It had lost 1.33 per cent to close Wednesday at 1,162.01 points. More than 510.4 million shares were traded on the southern bourse, worth VNĐ13.5 trillion (US$589 million). Market breadth was neutral with 220 gainers and 214 losers. “The VN-Index is still in a consolidating span at the 1,160-1,200-point range,” said BIDV Securities Co. “Liquidity declined compared to the previous session, market band was narrowed and market breadth was positive, showing that investor sentiment is stabilising. “Foreigners continued to be net sellers on the HoSE while they were net buyers on the HNX. “BSC recommends mid and long-term investors to open positions in some good fundamental stocks in this short-term consolidating span,” it said. Foreign investors net sold VNĐ460.80 billion on HOSE, including dairy firm Vinamilk (VNM) (VNĐ233.40 billion), Vietnam National Petroleum Group (PLX) (VNĐ47.4 billion), and real estate company Khang Điền House (KDH) (VNĐ36.2 billion). They were net buyers on the HNX with the value of VNĐ10.44 billion. The oil and gas sector index gained 2.4 per cent, becoming one of the best-performing sectors in Việt Nam on Thursday, data on vietstock.vn showed. Vietnamese oil and gas stocks grew well, including PetroVietnam Gas JSC (GAS), Viet Nam National Petroleum Group (PLX), PetroVietnam Drilling & Well Services Corporation (PVD), PetroVietnam Power Corp (POW), and PetroVietnam Technical Services (PVS). Besides the petroleum industry, financial stocks also performed well with the banking and industry indices rising 0.3 per cent and 0.3 per cent, with gainers including …
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