The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
telecom vendor analysis reveals growth trends for huawei ericsson and nokia
In 3Q 2024, telco network infrastructure vendor revenues reached $49.6B, with Huawei, Ericsson, and Nokia leading the market, accounting for 37.5% of total revenues. Despite a slight quarterly increase, the annualized market saw a 5.6% decline, primarily due to reduced capex forecasts. Tejas Networks and Broadcom reported significant year-over-year growth, driven by strategic developments in India and acquisitions.
rakuten sells 15 percent of credit card unit to mizuho for 1 billion
Rakuten Group Inc. is selling approximately 15% of its credit card division to Mizuho Financial Group Inc. for ¥165 billion ($1.1 billion). This move aims to bolster capital amid challenges stemming from its unprofitable mobile business.
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