Tag Archives: TCS

PR Newswire

GTI calls for 2.3GHz Band Industry development to speed up

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BEIJING, Oct. 16, 2021 — Ever since 4G, 2.3 GHz has been regarded as a golden frequency by global operators. Indeed, 2.3 GHz provides both capacity and coverage, which 5G makes full use of to significantly extend the performance of legacy 4G. In particular, the large channel bandwidth of 2.3 GHz is perfectly aligned to accommodate 5G capacity.


Despite pressure under the global health crisis, the industry behind 2.3 GHz has shown no signs of slowing down over the past year. In fact, it has even accelerated with the launch of several new smartphones supporting 2.3 GHz. With over 70 4G/5G commercial references on 2.3 GHz, it has been forecast that more operators and terminal vendors will take up 2.3 GHz in the near future.

To promote the further development of the 2.3 GHz industry, GTI leads industry partners such as operators and terminal vendors to call for:

1. Accelerate the allocation of TDD 2.3GHz spectrum (2300-2400 MHz) with TDD continuous large bandwidth up to 100 MHz, reduce the deployment cost per bit, and improve user experience across generations.

2. Remove possible barriers of the use of 2.3GHz. The industry is urged to work together to solve the problem of network coexistence and improve spectrum availability.

3. Promote the devices industry chain to make mandatory the support of NR 2.3GHz frequency in 2022, and better support key features such as EN-DC, carrier aggregation, SUL, 1T4R/2T4R SRS Antenna Switching and 80~100 MHz channel bandwidth.

4. Promote efficiently use of TDD 2.3GHz spectrum and accelerate commercial launch by global operators.

Video: https://v.qq.com/x/page/g3301egqnrw.html

PR Newswire

HGC Appoints Eli Ngai as Chief Information Officer to Spearhead the Group’s Ongoing Digital Transformation

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HONG KONG, Oct. 12, 2021 — HGC Global Communications Limited (HGC) today announced the appointment of Eli Ngai as Chief Information Officer, with immediate effect. He will be responsible for the dynamic development of the Group’s digital capabilities and infrastructure, helping to ensure it can continue to expand and enhance its fully-fledged ICT and telecom services for operators and enterprises in Hong Kong and around the world.

Eli Ngai will focus on fostering agility for HGC and its customers as the new Chief Information Officer
Eli Ngai will focus on fostering agility for HGC and its customers as the new Chief Information Officer

In this new role, Eli will lead the creation and implementation of digital strategies that improve HGC’s ability to respond rapidly and with innovation to market changes. He will also focus on leveraging digital technologies to enhance the HGC customer journey. In addition, Eli will continue to oversee the Software & Systems team to help HGC attract customers and support them with customized solutions.

An ICT industry veteran with more than three decades of experience, Eli has expertise in software development, enterprise networking, information security and data center virtualization and orchestration. He joined HGC in 2019 when the Group acquired Macroview Telecom, a leading Hong Kong-based provider of digital technology solutions. Eli had served at Macroview for 27 years, most recently as Chief Information Officer, where he focused on driving digital transformation for the company and for corporate clients across the financial services, retail, telecommunications and government sectors.

Andrew Kwok, Chief Executive Officer of HGC, said, "As the world enters a new era of digitalization, HGC will continue to expand our digital capabilities, riding on our full-fledged digital infrastructure, to help our business thrive and to ensure that our customers can benefit from the best that modern ICT can offer. Combining expertise in new technologies with extensive experience in software and systems and a customer-centric approach, Eli is the ideal leader to spearhead our efforts and foster our agility." 

Eli Ngai, Chief Information Officer of HGC, said, "A key challenge in any digital transformation journey is how to realize the value stream in collaboration with all the various stakeholders. This is more about business strategy than information technology, and it is why HGC always puts the customer at the center and keeps the focus on delivering value to them faster and more efficiently. I am delighted to be part of strengthening HGC’s digital capabilities and helping HGC and our customers capture the opportunities ahead."

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.

To learn more, please visit HGC’s website at: www.hgc.com.hk

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PR Newswire

Smart asks Globe to fix its MNP porting issues

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MANILA, Philippines, Oct. 7, 2021 — Smart Communications, Inc. (Smart), a subsidiary of PLDT, Inc., has asked Globe Telecom, Inc. (Globe) to remedy and resolve the serious and persistent concerns affecting Globe customers wanting to port in or transfer to Smart but have been unable to do so seamlessly and without fault or difficulty, due to Globe’s system-readiness issues and general unpreparedness to implement the Mobile Number Portability Act (Republic Act No. 11202) or the MNP Law.

The MNP Law guarantees customers the ease of switching network within the mandatory period of 48 hours without the need of changing their mobile number starting September 30, 2021, and prohibits the denial or withholding of, or delay in providing, the benefits of the law to a qualified customer.

Smart’s move comes a day after Smart formally asked the National Telecommunications Commission (NTC) to look into why Globe’s mobile service provider GOMO had failed to take part in the Mobile Number Portability (MNP) launch last September 30th. Globe had advised customers on September 29th that MNP will be available on GOMO only this month, due to "unavoidable technical issues".

In a letter to Globe copied today to NTC Commissioner Gamaliel A. Cordoba, Smart Regulatory Affairs’ Manager Atty. Kenneth E. Regañon wrote, "Globe’s constructive denial of its customers’ choice to switch to Smart seamlessly without the hassle of changing their mobile number, which seemingly stem from system errors and the apparent general unpreparedness of Globe sales force to implement the MNP Law, ultimately compromise, if not maim the spirit of the law, which is to honor and protect the customers’ choice of their preferred network. Given all the serious shortcomings in the first 72 hours, carried over and magnified in the first week of implementation of the MNP Law with no committed timelines for permanent fixes, the pressing issues are beyond just ‘hiccups’."

Smart has substantiated its concerns in three separate letters over the past week, submitted to the Telecommunications Connectivity Inc. (TCI), the joint venture of the mobile service providers that provides number porting services under the MNP Law.

Smart has listed the following Globe acts and omissions that frustrate the exercise by Globe customers of their right to switch to Smart seamlessly without changing their mobile number:

1)  The rejection by the Globe system of the "porting" or transfer request of a Globe customer with a Globe-issued valid unique subscriber codes (USCs). A USC constitutes proof that the customer has been pre-cleared by Globe for transfer to Smart. However, when the Globe customer comes to Smart stores to transfer to Smart, Globe’s system rejects the request due to "bundled services".  Globe has admitted that this is a system error and that the customer is entitled to port in to Smart, but has failed to fix the system error to date. After one week, Globe’s system continues to generate the same error to the frustration of its customers wanting to transfer to Smart.

"Globe has since attempted to apply a fix on October 4, but unfortunately, the invalid rejects continued even after the attempted fix. Globe also offered a workaround or interim solution but unfortunately, when we attempt to re-trigger or re-encode the port in requests into our system, some requests still end up getting rejected by Globe. On top of that, the workaround is very tedious for the Smart frontliners and inconvenient for the customers as well."

As of October 5, Smart logged a 38% rejection rate by Globe due to "technical issues". The "data fix" is not generating the results Smart needs to complete the porting in of Globe customers to Smart. "We demand a firm commitment on timelines so we can handle appropriately and cascade with our store frontliners accordingly," said Regañon. "Globe’s shortcomings are seriously putting a strain on our own resources as we implement extraordinary measures to bridge the serious gaps that Globe’s issues have created, and keep ported customers digitally connected. These shortcomings reveal a failure on the part of Globe to give its customers the freedom to keep their mobile numbers when they choose to switch to their preferred mobile network. Moreover, there is no urgency to commit to defined timelines for permanent fixes." 

2) While the GCash functionalities continue to work after porting, ported customers are unable to buy load using their GCash, resulting in a less than seamless transfer for Globe customers.

In contrast, Smart customers that ported out to Globe continue to enjoy the full functionalities of PayMaya, including buying load using PayMaya, because Smart anticipated this issue and addressed it in time for the MNP launch.  In the meantime, Smart is providing all the assistance to Globe customers that have transferred or ported in to Smart by offering them PayMaya as an alternative loading wallet.

Globe has yet to provide a timeline to resolve this critical issue but, in what appears to be a statement oblivious of the hardships being suffered by former Globe customers that ported in to Smart, and with a hint of righteousness, Globe said in its letter dated October 3 addressed to TCI:

"There should be no reason for Smart to fret on PayMaya’s momentary advantage of being able to be a top up channel for ported numbers. Moreover, there are other available channels for topping up ported numbers."

PR Newswire

New Accedian Research Finds 76% of Manufacturers Plan to Use Private 5G by 2024

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Despite overwhelming inclination, barriers to 5G adoption remain, including high cost, deployment difficulty and management complexity

MONTREAL, Canada, Sept. 29, 2021 — Accedian, a leader in performance analytics, cybersecurity threat detection and end user experience solutions, today released new analyst research on the future of 5G in manufacturing. Conducted in partnership with Analysys Mason, a leading management consultancy focused on telecoms, media and technology (TMT), the research found that while 76% of manufacturers plan to use private 5G locally by 2024, key barriers to adoption include management complexity, difficulty of deployment and high costs. 

Manufacturing holds extreme promise in being transformed through 5G network adoption. As a sector largely reliant on the quality of connections between technologies and machines, 5G can expedite processes, reduce latency, enable automation and the adoption of artificial intelligence (AI), robotics and augmented reality (AR). Most manufacturers agree that high reliability (82%), security (78%) and support for low-latency applications (75%) make a 5G private network an attractive choice. 

"5G is set to transform industries, and no sector is more ripe for this than manufacturing," says Sergio Bea, VP of Global Enterprise and Channels, Accedian. "Our research with Analysys Mason clearly shows the appetite for adoption among manufacturers is there, but network performance monitoring and management remain barriers to entry. With the right network monitoring tools, IT teams at factories can be sure they’ll have both the visibility and security they need to make 5G adoption a success."

More than 200 respondents from Germany, Japan, the United Kingdom, and the United States across six verticals provided insights into private 5G network adoption. 

Key highlights from the research include:

  • The most likely types of 5G deployments are: hybrid models (45%) and network slice (35%); while 18% of manufacturing respondents prefer fully private on-prem networks.
  • Security (63%) is the biggest factor influencing the choice of 5G deployment model, followed by network performance (49%), speed/simplicity of deployment (49%), application performance (45%) and data privacy (43%).
  • In terms of barriers to adoption, respondents considering a hybrid network model are most concerned about management complexity (43%).
  • Most agree that important metrics to monitor are application performance KPIs (61%), closely followed by network performance KPIs (59%) and security KPIs (55%).     

There is a complex balance of risks and deployment choices that manufacturers will need to make as they move forward with 5G.

"Our research shows there is appetite for 5G in the manufacturing industry, which means there’s also immense opportunity for service providers to uplevel their relationships with factories, as well," says Michele Mackenzie, Principal Analyst, IoT and private networks, Analysys Mason. "CSPs need to capitalize on this momentum to become more than just vendors, but strategic partners to manufacturing organizations looking to navigate the future of the sector."

To download the complete research click here.

To learn more about Accedian’s Skylight™ platform visit: https://accedian.com/platform/skylight/.

Resources

Infographic: Industry 4.0: Manufacturing Private 5G Networks State of Play

Analyst Research: Accelerating Smart Manufacturing with Private 5G Networks

Webinar: Mobile Europe: Driving SmartX World with Private 5G Networks with Colt

Related Press Release: 5G-ENCODE: Accedian partners to support UK manufacturing innovation

Whitepaper: 5G Brief: The Manufacturing Opportunity

CONTACT:

Pragya Goel

SourceCode Communications
accedian@sourcecodecomms.com 
(203) 554 – 5820

This information was brought to you by Cision http://news.cision.com

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PR Newswire

S. Korea’s KT Corp. Acquires Epsilon Telecommunications to Expand Global Presence and Accelerate Digital Transformation

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SINGAPORE, Sept. 10, 2021 — KT Corp. (KRX: 030200; NYSE: KT), South Korea’s largest telecommunications company, has acquired Singapore-headquartered Epsilon Telecommunications, a global connectivity provider that simplifies how businesses connect applications and data around the world and in the cloud. The acquisition matches Epsilon’s agile innovation in international networking with KT’s world-class telecommunications services, customers, leadership, and resources.

"We are excited to announce the acquisition of Epsilon and welcome the team to the KT family of businesses. Epsilon provides mission-critical networking for global digital transformation and maximising the value of cloud for enterprise customers. It has a tremendous mix of technology, teams and innovation that are directly aligned with KT’s vision for enabling enterprises with digital platforms," said Dr. Hyeonmo Ku, CEO at KT Corp. "Epsilon provides great value with its Infiny platform and global network, which offers customers an agile approach to global networking. Both companies share a vision for global digital transformation and the power that digital platforms have to change industries."

Epsilon’s NaaS platform Infiny provides businesses with a suite of high-performance connectivity and communications services at the click-of-a-button.

KT benefits from Epsilon’s fully managed connectivity services with automation, orchestration and a comprehensive approach to end-to-end service delivery. Epsilon offers consistent and reliable connectivity to leading data centres, clouds and internet exchanges via its global private backbone network.

"The acquisition of Epsilon by KT is a great milestone on our company’s journey and recognition of the hard work of our teams across the globe. The timing is right to support Epsilon with new resources and the backing of a world-leader in telecommunications. We look forward to continuing to grow Epsilon and provide innovative solutions and experiences for our new and existing customers across the globe," said Michel Robert, Chief Executive Officer at Epsilon Telecommunications. "The acquisition is a logical next step for both businesses and a fantastic opportunity for customers, partners and internal teams."

KT gains connectivity to the world’s leading communications and technology hubs in 41 cities, with extensive presence across the Asia-Pacific including Mainland China. With Epsilon’s suite of connectivity solutions spanning cloud connectivity, ethernet (DCI), remote peering, access, SD-WAN, colocation and voice, KT is extending its capabilities to meet the changing demands from carriers, channel partners and enterprises across the globe.

Related Links :

The Global Connectivity Provider
PR Newswire

Mobileum Referenced for 5G Service Assurance and Testing Vendors in 2021 Gartner ® Report Titled, “Market Trend: Expand CSPs’ Monetization With 5G, AI, Edge Compute”

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Testing Requirements Vital to 5G Monetization

CUPERTINO, Calif., Sept. 7, 2021 — Mobileum Inc. ("Mobileum"), a leading global provider of analytics solutions for roaming and network services, security, risk management, testing, and monitoring, is pleased to announce that it has been referenced in the 2021 Gartner report, " Market Trend: Expand CSPs’ Monetization with 5G, AI, Edge Compute".[1] The report identifies Mobileum as a Service Assurance and Testing vendor.

 

 

As CSPs transition to 5G, there are new opportunities to leverage their 5G networks as a service, providing vertical industries, such as industrial automation, security, healthcare, and automotive, the ability to boost connectivity-enabled productivity and innovation. With advanced closed-loop service assurance mechanisms supported by testing and revenue assurance mechanisms in place, CSPs can pursue new business models, such as offering SLA-based pricing according to various levels of quality. However, this requires an integrated testing and charging monitoring solution encompassing the 5G device, radio access, and core network. Mobileum’s Active Intelligence platform is a leading telecom-focused analytics technology with a robust testing infrastructure, automation capabilities, and a widespread set of network interfaces that allows for an active-passive testing and monitoring approach required to support 5G SLA-based business models.

"Due to the nature of dynamic provisioning and the scaling of network capacity and resources brought on by 5G, it’s more important than ever for CSPs to ensure that the quality of service delivered is meeting SLAs and the charges for those services are accurate. We are pleased to have been included in this Gartner report as a company providing this critical business support," stated Ron Haberman, Chief Product Officer at Mobileum.

Mobileum’s Testing and Monitoring and Risk Management solutions provide the service and connectivity customer experience monitoring required to support B2B and B2B2X business models. The in-depth portfolio provides the automation framework and performance intelligence necessary for CSPs to understand the domestic network experience spanning 5G, IoT and eSIM, mobile money, video, emergency service, IMS, voice, data and messaging, core network, to the smartphone and app experience. In addition, it is supporting CSPs across the world to test and monitor the international network experience for their roaming, IoT and connected cars, VoLTE roaming, and international Carrier customers. Recently, Mobileum announced that Audi (AUDVF) is deploying Mobileum’s Connected Car Testing solution to test and monitor the end-to-end quality of service (QoS) of their connected cars and ensure the highest service assurance standards and control over customer experience. 

Sources (available to Gartner subscribers):

[1] Gartner, "Market Trend: Expand CSPs’ Monetization with 5G, AI, Edge Compute", Susan Welsh de Grimaldo, 27 May 2021

Gartner Disclaimer

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be constructed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics solutions for roaming, core network, security, risk management, domestic and international connectivity testing, and customer intelligence. More than 1,000 customers rely on its Active Intelligence platform, which provides advanced analytics solutions, allowing customers to connect deep network and operational intelligence with real-time actions that increase revenue, improve customer experience, and reduce costs.  Headquartered in Silicon Valley, Mobileum has global offices in Australia, Dubai, Germany, Greece, India, Portugal, Singapore, and UK.

More in www.mobileum.com and follow @MobileumInc on Twitter.

Learn more in https://www.mobileum.com/  and follow @MobileumInc on Twitter.

 

PR Newswire

uCloudlink Cooperates with Singapore EdTech Company JULES to Bring Fail-proof Connection Solution to the Education Sector

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Using HyperConn™, the company provides reliable internet connections to allow students to enjoy uninterrupted learning.

HONG KONG, Sept. 3, 2021 — UCLOUDLINK GROUP INC. (NASDAQ: UCL, "uCloudlink"), a company offering the better connection solution to everyone globally via its innovative technology, has joined forces with JULES Corporation Pte Ltd ("JULES"), a Singapore Social-Enterprise and award-winning global software Education Technology company, in exploring ways to solve the pain point of schools, parents and students to allow young students to stay connected at home by way of its powerful HyperConn™ solution as a demonstration of what is possible for the education sector.

In a recent UNICEF report with International Telecommunication Union (ITU), up to two-thirds of students of the world’s school-age children do not have internet connections. The problem has escalated during the heights of the COVID pandemic when online school is not only an option, but the only choice in many regions for an extended period of time.

"Internet connection became a must-have in this new normal. For online learning, reliable equipment like computers and iPads are not enough, a reliable internet connection is also crucial. Poor internet connections and online congestion will occur from time to time under the circumstance of a network supported by one single operator. uCloudlink’s HyperConn™ solution will make use of all WiFi/5G/4G wireless networks, which enables it to provide a good and uninterrupted network connection," said Chaohui Chen, CEO of uCloudlink. "We believe by widely adopting a flexible, reliable and efficient technology, remote schooling will be significantly improved by delivering students an undisrupted and focused learning experience."

"During the pandemic, we have seen millions of students around the world grappled with bad internet services which severely affected their academic performance. We believe uCloudlink’s HyperConn™ solution, which has brought so much convenience to the frequent travellers and businesspersons who are in need of fast-speed internet unbound by locations and time, will also be an easy and affordable answer to this problem for students, parents and educators alike," said Mr. Jonathan Chan, Founder and CEO of Jules.

uCloudlink’s HyperConn™ ensures an uninterrupted network connection at all times, no matter the environment and conditions. By leveraging AI to determine the most effective network coverage based on a user’s present location, internet usage and performance of all broadband networks available, HyperConn™ ensures that users enjoy the better network connection possible at all times. This dynamic and seamless switching also guarantees the network will never fail regardless of what apps are open, how many people are using the connection, or where a user is.

The COVID-19 pandemic has not only put the potentials of online education but also exposed the flaws the digital learning which is amplified by the over-stretched Wi-Fi or poor internet connections due to online congestion. Using uCloudlink’s HyperConn™ solution, the partnership of uCloudlink and Jules aims to address this challenge, keep teachers and students staying connected amid the pandemic and beyond and free students from the limits of traditional home broadband connection, the unstable internet coverage at public facilities as well as the pain of poor mobile internet while parents and kids are on the go.

About UCLOUDLINK GROUP INC

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

Contact:

Carina Cheung
carina-pr@ucloudlink.com
(852)21806111

PR Newswire

FIBERSTAMP Launches 100G Ultra-long Distance Dual-rate QSFP28 ER4/ZR4 Optical Transceiver

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TAIPEI, Aug. 21, 2021 — FIBERSTAMP today launches two models of 100G long distance optical transceivers — 100G QSFP28 ER4 & ZR4, supporting up to 90km ultra-long distance dual-rate high-speed transmission, and showing up outstanding performance superiority of high stability and compatibility, are well adapted to 5G Backhaul and Metro DCI Networks.

FIBERSTAMP 100G QSFP28 ER4/ZR4 Performance Test Results
FIBERSTAMP 100G QSFP28 ER4/ZR4 Performance Test Results

The newly rolled-out product portfolio features several cutting-edge performance advantages of higher flexibility, stronger performance and better stability:

  • The 100G QSFP28 ER4/ZR4 support both 100G Ethernet and OTU4, can be well adapted to both Ethernet and OTN applications.
  • The 100G QSFP28 ZR4 can realize 60km transmission without forward error correction (FEC) and a maximum transmission distance of 90km with host FEC, showing superior performance potential in the market. Besides, the 100G QSFP28 ER4 can realize up to 40km ultra-long distance transmission without FEC, through which the latency and power consumption are all significantly improved.
  • According to practically measured results, the power consumption of the two transceivers is lower than 6W at the testing temperature of 70℃, and is as low as 4.4W at 25℃, which are of top level of the kind.

Undoubtedly, the 100G new products’ coming provides many network equipment vendors, network operators and data centers with more economical and flexible options, and shows again FIBERSTAMP’s of deep digging of traditional optical theory and profound comprehension of the practical applications.

It is worth mentioning that FIBERSTAMP has developed complete, reliable and economical 100G optics portfolio including optical transceivers, AOCs, DACs and coherent optical transceivers that reach a maximum transmission distance of 2000km, and cover multiple application scenarios such as data centers, 5G and metro network.

About FIBERSTAMP

As an Open Optical Network Interconnection Expert, FIBERSTAMP is committed to provide global users with Economic, Professional and Efficient Optical Interconnection Solutions. The current main products cover 25G/50G/100G/200G/400G optical transceiver transceivers, Active Optical Cables (AOCs) and Direct Attached Cables (DACs), 100G/200G/400G coherent optical transceivers and UHD video transmission optics. Meanwhile, through long-term deep digging in new technology, FIBERSTAMP is rapidly evolving to the promising era of 800G and CPO based on Silicon Photonics.

Check https://www.fiberstamp.com/ to learn more professional open optical network interconnection solutions.

Related Links :

https://www.fiberstamp.com/

PR Newswire

Tecnotree Reports Strong Financial Result for H1 of 2021

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HELSINKI, Aug. 16, 2021 — Tecnotree, the global Digital Business Support Systems (BSS) provider, announced its 2021 second quarter and half-year results. With the growth in all the parameters, the company reported an increase of 16% in net sales and a remarkable growth of 60% in the net profit for H1 2021 as compared to H1 of 2020. Looking ahead, Tecnotree expects to leverage the competitive advantage for sustainable long-term growth and capitalize on new opportunities related to 5G & IoT technology.

Consolidated highlights of the half-year result:

  • Net sales increased to EUR 27.9 million with the growth of 16% for the same period in 2020
  • Net income registered an increase of 60% y-o-y with EUR 7.7 million
  • Cash & equivalent’s position continues to get better with an increase of 33% with EUR 10.7 million at the end of H1 2021 as compared to end of 2020
  • Highest in 8 years, Order Book is reported at EUR 55.0 million at the end of H1 2021, a whopping growth of 71% in comparison to the end of 2020
  • The market capitalization almost doubled at the time of this announcement versus end of 2020

Tecnotree CEO, Padma Ravichander, said, "After having demonstrated our resilience in last several quarters and one of the best Q1 performances in the company’s history, we have been able to continue our growth journey in the second quarter. I am pleased with what we could achieve together despite the Covid-19 delta variant challenges in India where we have our largest development center located."

Padma further added, "Tecnotree’s Digital BSS Suite 5 continues to generate healthy excitement across markets, leading to a record order book in the last 8 years. I am confident that our focused approach in 5G, IoT, and AI/ML enabled systems will continue to win the confidence of service providers."

Some of the other notable business achievements in the first half include:

  • Company won Commercial Excellence Supplier Award from MTN
  • MTN Group selected Tecnotree for digital transformation of their operations in five countries in Africa
  • Recognized as a finalist in two categories in the prestigious TM Forum Excellence Awards – ‘Customer Experience & Trust’, and ‘The Human Factor’
  • Met all delivery commitments remotely with its unique zero-touch deployments      
  • Launch of Tecnotree DiWa, a Digital Wallet which is set to reshape and modernize payment methods
  • Tecnotree Moments, an innovative B2B2X commerce platform was introduced which is getting incredible response from the market already.

Being called ‘A well-performing phoenix‘ by Inderes, a leading financial analyst from Finland was the cherry on the top for a great performance.

Contact Tecnotree at marketing@tecnotree.com to know more.
+358 9 804781

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/tecnotree/r/tecnotree-reports-strong-financial-result-for-h1-of-2021,c3396053

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LG Display Highlights its ESG Management in Sustainability Report for 2021

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SEOUL, South Korea, Aug. 13, 2021 — LG Display, the world’s leading innovator of display technologies, highlights its ESG management by outlining the company’s ESG activities and achievements in pursuit of a greener planet in its Sustainability Report for 2021.

LG Display publishes a Sustainability Report every year to share the activities and achievements it has pursued to attain sustainable management goals.
LG Display publishes a Sustainability Report every year to share the activities and achievements it has pursued to attain sustainable management goals.

To promote sustainability management and reach its goal of becoming the most sustainable display solution company in the world, LG Display has identified and implemented four key strategies: Internalization of CSR, CSR risk management, communication with stakeholders, and global engagement – all key pillars to the company’s core mission of being a sustainability company founded on stakeholder trust.

The company has also promoted eco-friendly management throughout the display industry with active investments and activities designed to heighten the supply chain’s eco-friendliness. And after setting its new "Safety, Health, Energy and Environment Policy," the company was able to adopt an integrated standard system that minimizes its products’ environmental impact from the design, production, distribution and logistics processes, to when they are being used and recycled during disposal.

LG Display is just as dedicated to implementing practices directly affecting the everyday consumer, with the company now exclusively developing and manufacturing products that emit far less volatile organic compounds (VOCs) than conventional displays. LG Display has made every effort to eliminate VOCs from the supply and manufacturing processes involved in making its panels, including developing and manufacturing OLED TV products that emit 50 percent less VOCs than LCD TV panels by using fewer plastic parts. LG Display’s OLED additionally boasts a 92.7 percent recycling rate, one that is higher than its LCD counterpart. In recognition of such efforts, the company received Eco-Product certification in 2020 from Swiss-based SGS, the world’s leading testing, inspection and certification company.

In addition, LG Display is focused on the development and expansion of its eco-friendly products. To that end, the company created ‘Eco Index,’ which measures a company’s green performance from the product development stage to help them enhance their use of resources, energy, and hazardous substances. The company also recently began significantly reducing its packaging by recycling packaging materials for OLED panels.

LG Display revealed its strategy in response to the rapidly growing threat of climate change. The company has invested over KRW 37 billion to replace sulfur hexafluoride (SF6) with unregulated greenhouse gases boasting low global warming potential values, while also establishing facilities that help the company reduce more than 90 percent of its greenhouse gas emissions. As a result, LG Display successfully reduced approximately 3 million tons of CO2-eq, a 39 percent decrease from 2014.

By 2050, the company aims to have decreased company-wide greenhouse gas emissions by 75.6 percent compared to 2014 and achieved a 100 percent waste recycle rate, both through the development of low-carbon clean production technologies.

Moreover, LG Display takes part in the CDP (Carbon Disclosure Project), which is recognized as a world-renowned authority in the field of environmental information disclosure. The company has been rewarded for its Green House Gas reduction efforts by being incorporated into the Carbon Management Honors Club for the fourth consecutive year since 2017. LG Display also maintained its status as an excellent company for 3 straight years since 2018 for its excellence in environmental impact management.

Most notably, this year the company joined the influential Responsible Business Alliance (RBA) which encourages close cooperation between its members, supply chains, and stakeholders to enhance working and environmental conditions and improve business performance based on a proven Code of Conduct. Moreover, investment research firm MSCI (formerly known as Morgan Stanley Capital International) upgraded its ESG ratings for LG Display from A to AA earlier this year, evaluating LG Display most favorably in the areas of chemical safety, controversial outsourcing, and opportunities in clean tech. This puts LG Display among the highest-rated companies in South Korea and display manufacturers worldwide.

As the world’s leading display company, LG Display is focused on constantly innovating and improving the value and quality of its products. In 2020, the company expanded its R&D investment and implemented 20 company-wide initiatives through Tear Down Redesign – an organization that puts experts from various fields together on time-based projects for solving specific problems. In addition, LG Display outlined the work it is undertaking to create innovative, differentiated values and opportunities in the display market based on its strengths and competitiveness.

"We will continue to elevate our contribution to society and meet the expectations from the stakeholders, not only on the business results, but also in all areas of ESG, including environment, social responsibility and governance," said James Hoyoung Jeong, CEO of LG Display. "As a pioneer of the OLED display industry, LG Display will further strengthen its business portfolio centered around OLED and grow to become a company that can offer even unexpected values to our customers."

This year’s LG Display Sustainability Report was published in a total of four languages – Korean, Chinese, English and Vietnamese.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 63,360 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

Jean Lee, Senior Manager, Global Communications Public Relations Team, LG Display Co., Ltd.
Tel: (+82) 2 3777 1689 / Mobile: (+82) 10 5717 1689
Email: jean.lee@lgdisplay.com

Related Links :

http://www.lgdisplay.com