Financials

Amphenol agreed to acquire CommScope’s mobile networks businesses for $2.1 billion in cash, subject to customary post-closing adjustments. The acquisition includes CommScope’s Outdoor Wireless Networks (OWN) segment and the Distributed...

Cornelis Networks has announced the appointment of Lisa Spelman as its new chief executive officer (CEO), succeeding Philip Murphy, who will now serve as president and chief operating officer (COO)....

Vantage Data Centers, a global provider of hyperscale data center campuses, has named Emily Friedberg as its inaugural Chief Technology & Innovation Officer (CTIO). Friedberg, with nearly 25 years of...

Ericsson has released its Q2 2024 financial results, reporting a 7% year-over-year decline in sales, though the market area North America grew by 14%. The company’s total reported sales for...

Digital Realty has acquired a highly connected colocation data center in the Slough Trading Estate for US$200 million. This acquisition marks the company’s entry into the west London submarket, complementing...

In Q2 2024, Ekinops, a leading provider of telecommunications solutions, reported consolidated revenue of €29.2 million, reflecting a 25% decrease compared to Q2 2023. This decline was anticipated and consistent...

Corning now expects core sales of approximately $3.6 billion for Q2 2024,, compared with previous guidance of approximately $3.4 billion, with core EPS at the high end of or slightly...

Ericsson will record a non-cash impairment charge of SEK 11.4 billion (approximately USD 1.1 billion) in the second quarter of 2024, due to lower anticipated market growth rates in Vonage’s...

Astera Labs, a start-up based in Santa Clara, California,  plans to expand its operations to India with a new site in Bangalore set to open later this year. This expansion...

Ribbon Communications finalized a $385 million senior secured credit facility. This new financial arrangement, known as the 2024 Credit Facility, includes a $350 million term loan and a $35 million...

Broadcom reported revenue of $12,487 million for its second quarter of fiscal year 2024, ended May 5, 2024, provided guidance for its fiscal year 2024 and announced its quarterly dividend....

Citing excess inventory with customers, Ciena reported revenue of $910.8 million  for its fiscal second quarter ended April 27, 2024, down 19.6% as compared to $1.13 billion for the fiscal...

HPE reports strong demand for AI servers, posting $7.2 billion in revenue for Q2. CEO Antonio Neri highlights growth in AI systems and increased GreenLake adoption.