A journal for networking and telecoms
Coverage archive
Browse Converge Digest reporting from this month.
Reporting
Nokia has committed $400 million to NGP Capital’s Fund V, which will invest in companies developing emerging 5G use cases for industrial and business transformation. Target investments will be evaluated on product market fit, unit economics and technology leadership. In addition, companies will be assessed on key ESG metrics, to support progress from an environmental, […]
VIAVI reported net revenue of $314.8 million for its second fiscal quarter ended January 1, 2022. GAAP net income was $34.6 million, or $0.14 per share. Non-GAAP net income was $59.3 million, or $0.24 per share. “In fiscal Q2, VIAVI delivered its second highest revenue quarter with a record non-GAAP operating margin at 23.3%. Business […]
SpaceX successfully launched 49 Starlink satellites to low Earth orbit on a Falcon 9 rocket from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida. The booster previously launched Crew-1, Crew-2, SXM-8, CRS-23, and IXPE. The Falcon 9’s first stage was recovered on the A Shortfall of Gravitas droneship in the Atlantic Ocean. One […]
Intel announced Project Circuit Breaker, a program to build a community of elite hackers to hunt bugs in firmware, hypervisors, GPUs, and chipsets. Project Circuit Breaker builds on Intel’s existing open Bug Bounty program by hosting targeted time-boxed events on specific new platforms and technologies, providing training and creating opportunities for more hands-on collaboration with […]
Juniper Networks is expanding its Secure Access Service Edge (SASE) architecture with the addition of Juniper Secure Edge, a Firewall-as-a-Service (FWaaS) managed by its Security Director Cloud. Key benefits of Juniper Secure Edge: Unified policy management from a single UI for all security use cases. Create policies once and apply them anywhere and everywhere with […]
Privately-held Arrcus, which offers hyperscale networking software for core-to-edge infrastructure, announced continuing momentum and strong business growth, closing 2021 with a tripling of its year-over-year bookings from 2020 to 2021. Arrcus also announced its 10th US patent in the area of hyperscale networking, this one for speeding up Segment ID allocation – a critical factor […]
CommScope is joining Meta Connectivity’s Evenstar program to help accelerate the adoption of Open RAN by developing open reference designs. CommScope said tis collaboration will focus on developing a Massive MIMO (mMIMO) reference design based on O-RAN Alliance interoperability specifications. Massive MIMO substantially increases spectral efficiency to deliver more network capacity and wider coverage. The […]
Saudi Arabia’s stc kicked off an initiative to establish a major digital hub for the Middle East and North Africa with an investment of US$1 billion. The goal is to invest in an advanced fiber optic network linking 3 continents and ensuring continuous availability of services. The launch came in on the sideline of this […]
T-Mobile US reported service revenues of $15.0 billion for Q4 2021 and $58.4 billion for full-year 2021. Net income amounted to $422 million in Q4 2021 — $3.0 billion in full-year 2021. “T-Mobile had our strongest year ever. We didn’t just meet the bold goals we set for 2021 around customer growth, profitability, merger synergies […]
Telefónica and Pontegadea are increasing their stake in Telxius Telecom, a global telecommunications infrastructure company, by acquiring a 40% stake in Telxius Telecom, previously held by KKR. With this transaction, Telefónica will increase its stake to 70% and Pontegadea will increase its stake to 30%. The acquisition is carried out for an estimated amount of […]
MaxLinear reported record Q4 2021 net revenue of $247.9 million, up 8% sequentially and up 27% year-over-year. GAAP gross margin was 57.2%, compared to 56.5% in the prior quarter, and 42.7% in the year-ago quarter. Non-GAAP diluted earnings per share was $0.86, compared to diluted earnings per share of $0.75 in the prior quarter, and […]
NETGEAR reported Q4 2021 net revenue of $251.2 million, a decrease of 31.6% from the comparable prior year quarter. Q4 2021 GAAP net loss per diluted share was $0.03, as compared to net income per diluted share of $0.99 in the comparable prior year quarter. Fiscal 2021 net revenue was $1.17 billion, a decrease of […]
ADTRAN reported Q4 2021 revenue of $154.2 million. Earnings for the fourth quarter of 2021 were a net loss of $4.2 million and earnings per share was a loss of $0.09. Non-GAAP net income was $4.7 million and non-GAAP earnings per share was $0.10. ADTRAN Chairman and Chief Executive Officer Tom Stanton stated, “We continue […]
