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PR Newswire

Ericsson Annual Report 2020 published

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– Annual Report 2020 available for download and printed version available for order

– The Annual Report 2020 publication consists of Ericsson’s Financial report 2020, the Corporate Governance Report 2020, the Remuneration Report 2020 and the Sustainability and Corporate Responsibility Report 2020

– Ericsson also publishes Ericsson 2020 in review, including highlights of 2020, which is available for download

STOCKHOLM, March 5, 2021 — The Ericsson (NASDAQ: ERIC) Annual Report 2020 is now available to download from the Ericsson web site: www.ericsson.com/en/investors/financial-reports/annual-reports/ar-and-in-review-2020

Printed copies of the Annual Report 2020 can be ordered by filling in the form on this page: https://www.ericsson.com/en/investors/financial-reports/order-annual-report

Ericsson Annual Report publication 2020 consists of the following four sections:

  • The Financial Report 2020 includes business and strategy descriptions, comments from the President and CEO and the Board Chair, the Board of Directors’ report, the financial statements and consolidated financial statements and notes to the financial statements.
  • The Corporate Governance Report 2020 includes information on how rights and responsibilities are distributed among Ericsson’s corporate bodies. The report also includes information on the decision-making systems and structures through which the owners can utilize their rights in Ericsson.
  • The Remuneration Report 2020 provides information on the implementation of the Guidelines for Remuneration to Group Management, details on total remuneration to the President and CEO and the Executive Vice Presidents and a summary of variable compensation programs to the Executive Team.
  • The Sustainability and Corporate Responsibility Report 2020 includes information on Ericsson’s environmental, social and corporate governance performance, activities and impact. For more details, please download the Sustainability and Corporate Responsibility report 2020 here: https://www.ericsson.com/sustainability-report

In addition to the Annual Report 2020, Ericsson is also publishing Ericsson 2020 in review which includes highlights of 2020, comments from the President and CEO, the strategy, financial targets, information about Ericsson’s segments and market areas as well as other parts of the business and market. For more details, please download Ericsson 2020 in review here: www.ericsson.com/en/investors/financial-reports/annual-reports/ar-and-in-review-2020

For further information, please visit the Investor Relations pages: https://www.ericsson.com/en/investors

NOTES TO EDITORS:

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FOR FURTHER INFORMATION, PLEASE CONTACT:

Ericsson Newsroom 

Contact person
Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Investors

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com 

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: Stefan.jelvin@ericson.com

Media

Peter Olofsson, Head of Corporate Communications
Phone: +46 702 67 34 45
E-mail: peter.olofsson@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

This information is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the Swedish Securities Markets Act. The information was submitted for publication at 08:30 CET on March 5, 2021.

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PR Newswire

MWC Shanghai 2021 Makes A Dramatic Return With 200,000 Representatives As An International Physical & Digital Event

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HONG KONG, March 5, 2021 — Connected Impact was the theme of MWC Shanghai 2021 and the GSMA has just revealed that the event held in February attracted around 25,000 attendees from 114 countries and territories. In a Covid era with extensive travel restrictions, this is an outstanding result. The My MWCS Online portal transformed the three-day event into a truly global affair which accounted for approximately 30 per cent of attendee turnout. Another 175,000 people viewed presentations, keynotes, and other program components via the event’s official media partner, C114. Content from the event remains available over the next few weeks and can be accessed here: https://mwc2021-login.gotin.online/login_page?lang=en.

As Asia’s leading exhibition and conference for the mobile ecosystem, MWC Shanghai attracted leaders across mobile and adjacent industries. With 350 speakers and senior-level executives making up around 58% of the conference crowd, including 576 CEO’s, the event spanned 50,000 sqm across the Shanghai New International Expo Centre and Kerry Hotel Pudong. Playing host to 220 exhibitors and sponsors, the event was once again carbon-neutral and included discussion of the mobile industry’s actions on reducing carbon footprints.

"MWC Shanghai 2021 was a resounding success, safely held with enhanced Covid precautions, and despite extensive domestic and international travel and capacity restrictions triggered by the global pandemic. The event went ahead as a positive signal of our industry’s determination to connect people, industry and society and contributing to global recovery," said CEO GSMA Ltd., John Hoffman. "China has demonstrated an extraordinary commitment to growing the 5G landscape and was the perfect choice to launch our MWC series for 2021. I sincerely thank the Ministry of Industry and Information Technology, Cyberspace Administration of China, Shanghai Municipal People’s Government and Pudong New District Municipal Government, our Board, Partners, Exhibitors, Sponsors, Speakers, the Press and all involved in this event that make MWC Shanghai 2021 a reality."

The place to launch new products

MWC Shanghai 2021 was also a platform for product innovation, including a range of pioneering devices from leading players. Amongst the line-up was ZTE’s Axon 30 smartphone, its latest endeavour to design a phone with a selfie camera hidden under the display. Oppo showed a 125-watt flash charger, which can fully recharge a smartphone in 20 minutes. Huawei, meanwhile, presented its folding Mate X2 handset, which the company proclaimed can be closed without there being a gap around the hinge, an issue that has plagued similar designs.

The IN crowd

Our new 5G Innovation Zone gave start-ups and entrepreneurs a platform to connect with investors and become future disruptors.

The zone included 80 exhibitors, displaying immersive 5G experiences that leveraged China Telecom’s 5G, Cloud XR and Digital Twin technologies, creating a unique experience for participants by moving them from the physical space into the virtual dimension. It removed physical constraint and greatly enriched the quality of the exhibition.

It also showcased how the most cutting-edge 5G thinking and technology is already serving society, providing in-person and virtual guests with the opportunity to explore the best examples.

2021 AMOs Success

The Asia Mobile Awards are always a highlight of MWC Shanghai, and this year was no exception. The Outstanding Contribution to the Asia Mobile Industry Award recognises sustained or extraordinary contributions by individuals, organisations or collaborative achievements that advance the value and benefits of mobile communications for people, business and societies in Asia. This year, Mats Granryd, Director General of the GSMA, was proud to announce joint winners, Wang Xiaochu, chairman and CEO of China Unicom and Ke Ruiwen, chairman and CEO China Telecom, for the world’s largest 5G commercial network sharing project.

The second honour, Smartphone of the Year, is awarded for outstanding performance, innovation and leadership as determined by assessing smartphones on the market during the last 18 months. John Hoffman announced the 2021 award went to Apple for the Apple iPhone 12 Pro Series. The judges also gave a special commendation to the Samsung Galaxy Z-Flip for continued innovation and development in the flexible display field.

Our thanks

In the most challenging circumstances, people came together. They demonstrated the ecosystem’s strength, commitment to innovation, and firm belief that mobile technology must play a vital role in the global recovery. Our sincere thanks to our Board, Partners, Exhibitors, Sponsors, Speakers, the Press and all involved in this event. Your resilience, commitment, and generosity were felt by participants worldwide and created hope, sending a positive signal about what 2021 has in store.

Looking to Barcelona

"The next platform for the mobile communications industry is MWC Barcelona in June," said Mats Granryd, Director General, GSMA. "The lessons learnt in Shanghai and the momentum gained will enable us to deliver another world-class event. The global recovery from the pandemic will continue to rely on our industry’s technology. The prospects for wireless connectivity have never been greater. Barcelona will be the place to be for anyone wanting to maximise those opportunities."

For information about how to attend and pass types for MWC Barcelona, please visit: www.mwcbarcelona.com/attend/register-your-interest

About GSMA

The GSMA represents the interests of mobile operators worldwide, uniting more than 750 operators with almost 400 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organisations in adjacent industry sectors. The GSMA also produces the industry-leading MWC events held annually in Barcelona, Africa, Los Angeles and Shanghai, as well as the Thrive Series of regional conferences.

For more information, please visit the GSMA corporate website at www.gsma.com. Follow the GSMA on Twitter: @GSMA.

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PR Newswire

GlocalMe Launches Three New Products in One Month, Bullish with Better Connection in All Conditions

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HONG KONG, Feb. 24, 2021 — GlocalMe®, a product and service brand of UCLOUDLINK GROUP INC. ("uCloudlink") (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, has launched two more new portable Wi-Fi hotspots, DuoTurbo and TriForce. This follows the launch of its new portable mobile Wi-Fi hotspot FirstG in early February.

As the next-generation models of GlocalMe®‘s mainline products, DuoTurbo and TriForce are equipped with Cloud SIM, uCloudlink’s proprietary and core technology. The launch of three new GlocalMe® products just two months into 2021 represents the company’s response to market changes and the need to offer more wide-ranging solutions to help connect users and the world.

"As a high-tech enterprise, uCloudlink’s world-leading position is anchored in our unique, pioneering technology, Cloud SIM," said Victor Xu, Chief Sales Officer at uCloudlink. "Cloud SIM empowers users to stay ‘Always Better Connected’. It enables users to access the best quality network on available operators intelligently and in real-time under all conditions, such as adverse weather and conditions like winter storm blackouts when people are demanding superior connection to the Internet for obtaining real-time alerts and notifications."

DuoTurbo is equipped with two modems, one for operations and the other for back-up. This increases stability and enables the hotspot to deftly handle cluttered and diverse environments, delivering seamless connection for users such as business professionals, who need to stay connected whether at home or on a business trip. DuoTurbo comes with a 2.4" touchscreen and 12-hour battery life.

TriForce is the most durable and compatible mobile Wi-Fi solution on the market today, providing a continuous connection for up to 28 hours. It doubles as a power bank, boasting three output ports that include micro-USB, Type-C, and lightning. The comprehensive coverage, stability, and efficiency enabled by Cloud SIM have already helped millions of travelers enjoy a seamless Internet experience both at home and around the world.

The innovative Cloud SIM technology lies in the many benefits that it offers users. It achieves reliable network connection without requiring a physical SIM card, all the while ensuring the same high security. No contract is required, nor are there hidden costs or roaming fees. Moreover, users can enjoy the network coverage of multiple operators at the same time, meaning that they stay connected and online.

For consumers, please visit the GlocalMe® website or Amazon shop. Updates will also be released on Facebook (@GlocalMe) as well as Instagram and Twitter (@glocalmemoments).  

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

PR Newswire

Ericsson reports fourth quarter and full-year results 2020

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STOCKHOLM, Jan. 29, 2021 — 

Fourth quarter highlights           

  • Sales adjusted for comparable units and currency grew by 13% YoY mainly driven by sales in North East Asia, Europe and North America. Reported sales were SEK 69.6 (66.4) b.   
  • Gross margin excluding restructuring charges improved to 40.6% (37.1%) with margin improvements in all segments. Reported gross margin improved to 40.6% (36.8%).
  • Operating income excluding restructuring charges improved to SEK 11.0 b. (15.8% operating margin) from SEK 6.5 b. (9.7% operating margin) mainly driven by Networks. Reported operating income was SEK 11.0 (6.1) b.           
  • Networks sales increased by 20% YoY, adjusted for comparable units and currency. Operating margin excluding restructuring charges was 21.5% (14.5%).         
  • Reported net income was SEK 7.2 (4.5) b.         
  • Free cash flow before M&A was SEK 12.8 (-1.9) b. Q4 2019 included a payment of SEK 10.1 b. related to the resolution of the US SEC and DOJ investigations. Net cash Dec 31, 2020, was SEK 41.9 (34.5) b. 

Full-year highlights      

  • Sales adj. for comp. units and currency grew by 5%, with Networks growing by 10%. Reported sales increased by 2% to SEK 232.4 b.
  • Gross margin excl. restructuring charges was 40.6% (37.5%), with improvements in all segments.
  • Reported operating income improved to SEK 27.8 (10.6) b.           
  • Reported net income was SEK 17.6 (1.8) b.     
  • Free cash flow before M&A amounted to SEK 22.3 (7.6) b. Full-year 2019 included a payment of SEK 10.1 b. related to the resolution of the US SEC and DOJ investigations.          
  • The Board of Directors will propose a dividend for 2020 of SEK 2.00 (1.50) per share to the AGM.

Planning assumptions highlights (please see the quarterly report for complete planning assumptions)      

  • Three-year average reported sales seasonality between Q4 and Q1 is -24%; however, the seasonal effect may be somewhat less pronounced due to 5G deployment in some of Ericsson’s markets.

SEK b.

                                   

Q4 2020

QA 2019

Yoy change

 Q4 2020

    QoQ change

Jan-Dec  2020

Jan-Dec 2019

                YoY  
                                  change                    

                                   

Net sales

 

69.6

 

66.4

 

5%

 

57.5

 

21%

 

232.4

 

227.2

 

 

2%

                                   

Sales growth adj. for comparable units and currency 

 

–

 

–

 

13%

 

–

 

–

 

–

 

–

 

 

5%

                                   

Gross margin 

 

40.6%

 

36.8%

 

–

 

43.1%

 

–

 

40.3%

 

37.3%

 

–

 

                                   

Operating income (loss) 

 

11.0

 

6.1

 

80%

 

8.6

 

27%

 

27.8

 

10.6

 

 

163%

                                   

Operating margin 

 

15.8%

 

9.2%

 

–

 

15.0%

 

–

 

12.0%

 

4.6%

 

–

 

                                   

Net income (loss) 

 

7.2

 

4.5

 

60%

 

5.6

 

29%

 

17.6

 

1.8

 

–

 

                                   

EPS diluted, SEK 

 

2.26

 

1.33

 

70%

 

1.61

 

40%

 

5.26

 

0.67

 

–

 

                                   


Measures excl. restructuring charges and other items affecting comparability[1]

                                   

Gross margin excluding restructuring charges 

 

40.6%

 

37.1%

 

–

 

43.2%

 

–

 

40.6%

 

37.5%

 

–

 

                                   

Operating income excl. restr. charges & items affecting compar. in 2019[2] 

 

11.0

 

5.7

 

92%

 

9.0

 

23%

 

29.1

 

22.1

 

 

32%

                                   

Operating margin excl. restr. charges & items affecting compar. in 2019[2] 

 

15.8%

 

8.6%

 

–

 

15.6%

 

–

 

12.5%

 

9.7%

 

–

 

                                   

Free cash flow before M&A 

 

12.8

 

-1.9

 

–

 

3.9

 

–

 

22.3

 

7.6

 

 

192%

                                   

Net cash, end of period 

 

41.9

 

34.5

 

21%

 

41.5

 

1%

 

41.9

 

34.5

 

21%

 

[1]Non-IFRS financial measures are reconciled at the end of this report to the most directly reconcilable line items in the financial statements.

[2]Operating income excludes restructuring charges in all periods and cost provisions related to the resolution of the SEC and DOJ investigations of SEK -11.5 b. in Q3 2019 as well as a partial release of the same provision of SEK 0.7 b. in Q4 2019.

Comments from Börje Ekholm, President and CEO of Ericsson (NASDAQ:ERIC)

As we navigate through the pandemic, health and well-being of our colleagues, customers and partners is our number one priority. Despite the challenges, our people continued to deliver and to serve our customers with very limited disturbances. Our R&D investments have continued to drive both technology leadership and cost efficiency which have led to increased market share and improved financial performance. We are today a leader in 5G with 127 commercial contracts and 79 operating networks around the world. Organic[1] sales grew by 5% for the full year. Our operating margin[2] of 12.5% (5.0%) exceeded our 2020 target and reached the 2022 Group target range two years early.

Networks sales grew organically[1] by 20%, reporting a gross margin[2] of 43.5% (41.1%) for Q4. This reflects continued high activity levels in North America and North East Asia, and also in Europe where we further increased market share. Networks delivered an operating margin[2] of 19% for full-year 2020 – well above the 15%-17% target. Investing in R&D is fundamental to our strategy. Since 2017 we have increased R&D investment by SEK 10 b. and delivered SEK 16 b. of improved operating income. Our growth during 2020 is built on a strong and competitive 5G portfolio.

Digital Services gross margin[2] grew to 41.0% (38.1%) in Q4. From 2017 to 2020, gross margin excluding restructuring charges and items affecting comparability increased from 29% to 42%, as a result of streamlined product portfolio, fewer critical contracts, a growing portion of software sales and lower service delivery costs. We continue to execute on the turnaround plan and the operating income[2] of SEK 0.5 b. in Q4 is the best quarterly result to date. The cloud-native 5G portfolio has a high win ratio and significant new customer contracts will start to generate revenues during the next 12-18 months. By selective R&D investments to accelerate our growth portfolio, we aim to capture further opportunities.

Managed Services delivered a gross margin[2] of 17.7% (15.4%) in Q4. Sales declined on operator consolidation in the US during 2020. The full-year 2020 operating margin[2] was 8.1% – above the 5%-8% target. We expect the margin profile to improve further with increasing sales of our Operations Engine with its high value-added services, driven by R&D investments in AI and automation. We see increasingly positive response from customers to our new portfolio.

Emerging Business and Other sales are growing in enterprise offerings such as IoT Platforms, complemented by the acquisition of Cradlepoint. Gross margin[2] improved to 33.8% (15.1%) driven by operational leverage from growth and lower cost as a result of the exited Edge Gravity business. Cradlepoint drives new revenues for mobile service providers and strengthens our position in the 5G enterprise market, alongside our existing Dedicated Networks and IoT portfolio. The underlying business in Cradlepoint develops according to plan. However, reported sales and costs for Cradlepoint are impacted by purchase price allocations and during 2021 our operating margin is expected to be negatively impacted by approximately -1 percentage point due to amortization of intangibles and increased cost for market expansion.

Free cash flow before M&A was SEK 22.3 (7.6) b. in full-year 2020. The Board will propose a dividend of SEK 2.00 (1.50) per share to the AGM, underlining the confidence in Ericsson’s business and financial position. In this context it is worth noting that we decided early on not to apply for any pandemic-related government support.

Patent licensing revenues for the full year amounted to SEK 10 b. As communicated in December, we are approaching important contract renewals, which could negatively impact 2021 and 2022 earnings (see planning assumptions on operating income, page 6). We are confident in the long-term value of our patent portfolio, including a strong position in 5G. We will seek to maximize the net present value of this portfolio, established over many years on the back of R&D investments. The IPR standardization framework, based on FRAND terms, underpins the interoperability of global wireless communications with more than 8 billion mobile subscriptions.

The pandemic has fast forwarded the digitalization of societies, including remote working, by months if not years. A resilient digital infrastructure is critical. We see more signs that countries and enterprises see 5G as a key access technology, with increasing deployment speed in Australia, the Middle East, North East Asia and the US. The pandemic has exposed the digital divide and rapid deployment of 5G is a fast way to bridge the divide.

The Swedish telecom regulator’s decision to exclude Chinese vendors from 5G networks may create exposure for our operations in China. Our business in 180 markets today has been built on free trade and open, competitive markets. This has also ensured the development of a single global standard for mobile communication. It is critical that responses to the geopolitical situation safeguard the extraordinary value associated with those operating standards for 5G and beyond.

During 2020 we further reinforced our strong commitment to ethics and compliance. We increased the investment with the recruitment of additional dedicated resources and the deployment of new or revised processes and controls. As a vital cornerstone, we put focus on establishing a durable ethical culture that is built on individual accountability for responsible business practices. The ongoing independent monitorship is providing valuable contributions to achieving our ambition.

Long-term business fundamentals remain strong and we will continue to invest in further strengthening our portfolio and growing our global footprint. While we expect temporary negative impact during 2021 from IPR renewals, Cradlepoint and investments to strengthen our long-term business, we remain fully committed to the 2022 target as a milestone towards the long-term EBITA[3] target of 15%-18%.

I want to take this opportunity for a shout out to all my colleagues who have turned the business around including delivering on customer commitments during a raging pandemic. I’m proud to be part of this team!

Stay healthy and well.

Börje Ekholm
President and CEO

[1]Sales adjusted for comparable units and currency

[2]Excluding restructuring charges

[3]Excluding restructuring charges and amortization of intangible assets

NOTES TO EDITORS

You find the complete report with tables in the attached PDF or by following this link  https://www.ericsson.com/assets/local/investors/documents/financial-reports-and-filings/interim-reports-archive/2020/12month20-en.pdf  or on www.ericsson.com/investors

Conference call for analysts, investors and journalists

President and CEO Börje Ekholm and CFO Carl Mellander will comment on the report and take questions. The conference call will begin at 9:00 AM CET (8:00 AM GMT London, 3:00 AM EST New York).

To join the conference call, please phone one of the following numbers:

Sweden: +46 (0)8 566 426 51 (Toll-free Sweden: 0200 883 685)

International/UK: +44 (0)333 300 0804 (Toll-free UK: 0800 358 9473)

US: +1 631 913 1422 (Toll-free US: +1 855 85 70686)

PIN code: 39453485#

Please call in at least 15 minutes before the conference call starts.

A live audio webcast of the conference call will be available at www.ericsson.com/investors.

A replay of the conference call will be available from about one hour after the conference call has ended until February 5, 2021.

Sweden replay number: +46 (0)8 519 993 85

International replay number: +44 (0)333 300 0819

US replay number: +1 (866) 931 1566

PIN code: 301335799#

FOR FURTHER INFORMATION, PLEASE CONTACT

Contact person

Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Additional contacts

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com

Investors

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail:  lena.haggblom@ericsson.com

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com

Media

Peter Olofsson, Head of Corporate Communications
Phone: +46 702 67 34 45
E-mail: media.relations@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 AM CET on January 29, 2021.

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Ericsson fourth quarter and full year report 2020

 

PR Newswire

uCloudlink and Vision Inc. Power Japan’s Digital Reform with Enhanced Connectivity Services

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HONG KONG, Jan. 25, 2021 — UCLOUDLINK GROUP INC. ("uCloudlink") (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, and Vision Inc.("Vision"), a Japan-based public company principally engaged in the global Wi-Fi business, have strengthened their partnership to enable more users to enjoy superior mobile data connectivity. Vision will now integrate network resources into its existing data services using uCloudlink’s PaaS and SaaS platform, in order to improve resource management and user experience.

uCloudlink and Vision entered a strategic partnership in 2017, with Vision’s leveraging uCloudlink’s terminal Wi-Fi devices and associated data services to provide reliable, cost-effective mobile data connectivity for its businesses and end-users across Japan. As the nation seeks to restructure and reform its regulations to build a digital society, Vision and uCloudlink will support this transformation with enhanced telecommunications services powered by uCloudlink’s Cloud SIM technology.

uCloudlink’s Cloud SIM technology supports a massive number of terminals and users by intelligently choosing the best-performing network in domestic and international markets. uCloudlink’s PaaS and SaaS platform is ideal for business partners that have their own business operation, such as mobile virtual network operators (MVNOs) and mobile network operators (MNOs) and portable Wi-Fi rental companies, etc. Further, such platform is also ideal for business partners that require a full suite of solutions including customer management and billing, data package design and sales, traffic supply and demand analysis, and multiple payment methods.

By leveraging uCloudlink’s PaaS and SaaS platform on top of its existing cooperation, Vision will be able to provide stable, fast and reliable mobile data connectivity to even more businesses and end-users in Japan, with the potential to expand its offering to other countries and regions globally. In addition to providing a superior user’s experience, this enhanced connectivity is an important enabler as Japan continues its pursuit of regulatory reform geared to digitalization.

As one of Japan’s leading information and communications providers, Vision offers a variety of telecommunication services, including fixed-line telecom, wireless telecom and Wi-Fi services. The company operates in two segments: its Global Wi-Fi segment, which is engaged in the rental of mobile Wi-Fi routers in Japan and overseas; and the Information and Communication Services segment, which is engaged in the fixed communication services business, the sale of mobile communication equipment and office automation equipment, and the creation of homepages. Vision Inc has harnessed uCloudlink’s terminal equipment and data services to provide its users with a superior data connectivity experience.

This expanded partnership is an important step in uCloudlink’s business development efforts in Japanese market. Over the years, uCloudlink has established various strategic alliances with the nation’s leading mobile network providers as part of its local business expansion. uCloudlink is dedicated to assisting MNOs and MVNOs and business partners to improve coverage and service quality and elevating their users’ experience during the 5G era.

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 CloudSIM 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.

PR Newswire

SubOptic Association Launches the SubOptic Foundation

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The SubOptic Foundation – a newly-formed charitable organization – aims to support a variety of programs designed to promote the sustainability of the fiber optic submarine cable industry and global communications community

LONDON, Jan. 18, 2021 — The SubOptic Association ("SubOptic"), the industry-led, International, non-profit association dedicated to promoting the development and sustainability of global fiber-optic subsea cable and connectivity infrastructure, announces today the launch of the SubOptic Foundation. The SubOptic Foundation is a charitable organization with legal entities in the USA and UK, focused on supporting education and research initiatives designed to lay the groundwork for a better future for the subsea cable industry and the global communications fabric as a whole.

The primary purpose of the Foundation will be to enhance SubOptic’s support of programs focused on education and outreach, with the end goal of increasing awareness, inclusivity and diversity across the industry. It will also take an active role in promoting the industry as an attractive employer and the professional development of those entering the industry.

A secondary, but equally important purpose of the Foundation, will be to drive initiatives that contribute to the long-term health and sustainability of the wider submarine cable industry. As an example, the SubOptic Foundation is especially pleased to have secured a US$200,000 research grant from the Internet Society Foundation, which is funding a study focused on "Decarbonizing Global Cable Network." The research team will be led by Nicole Starosielski, Associate Professor of Digital Media at NYU. The team includes other university professors from around the globe and members of SubOptic’s Global Citizen Working Group, which aims to "Green the Internet’s Undersea Infrastructure."    

"I’m very excited to be part of this great initiative that we hope to develop into a new keystone supporting our industry’s future. We’re also committed to finding new ways to attract and develop diverse talent through the Foundation’s education initiatives," states Erick Contag, executive chairman of GlobeNet and executive committee President of SubOptic. "The grant Nicole and her team have secured from the Internet Society Foundation provides our Foundation with a great start and set of objectives from which to build upon."

The Foundation will also continue to co-sponsor and support the Subsea OFC Summer School launched in 2019 in partnership with the Optical Society of America and Google.

"I’m thrilled to have played a small part in supporting the Summer School. Both the first 2019 session and last year’s participants were a truly diverse set of students and industry-sourced faculty from around the globe. We hope to reach an even broader spectrum of students with our 2021 program," comments Jayne Stowell, strategic negotiator of global infrastructure at Google, "The Summer School’s goal is to increase awareness of and interest in our industry to universities – especially graduate students who may be seeking careers in our fascinating business. To date, we’re proud to have made real inroads in achieving this goal."

The Foundation Board of Trustees includes Contag, Stowell, Elaine Stafford (DRG Undersea Consulting), Leigh Frame (Xtera) and Ed McCormack (Ciena). A team of preeminent industry veterans has also been recruited as an Advisory Board, to help the Foundation achieve its goals.

McCormack commented, "The Foundation provides the industry with a funding vehicle and tangible development plans to drive awareness and attract new talent.  When I was asked to become a Trustee of the Foundation, I felt it was the perfect opportunity to contribute to the long-term health of our industry."

About SubOptic
The SubOptic Association (SubOptic) is a non-profit industry-led and driven association focused on the subsea fiber-optic ecosystem.  SubOptic is led and driven by the industry to serve as a central point driving advancement in subsea fiber-optic communications infrastructure. One of the association’s key roles looks to explore current and future challenges to create an environment for open and constructive dialogue for the benefit of all industry participants.

The association is dedicated to delivering a central platform for collaboration, education and idea sharing, empowering the greater subsea ecosystem by allowing its members to work together with a holistic view of opportunities and the solutions ready to avail them.  Our goal as an association is to collectively address the challenges associated with subsea fiber-optic communications advancement. To join the Association or to learn more visit www.suboptic.org.    

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PR Newswire

Introducing The XOR TITANIUM Handset

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Hand Built In England And Engineered To Perfection

LONDON, Jan. 18, 2021 — Today marks the reveal of  English communications company, XOR’s first premium feature handset collection, XOR TITANIUM. XOR has developed a mobile phone that is as dependable as it is elegant. The handset uses hardware encryption to protect your calls and messages, an air quality sensor to alert you to potential harm and a battery life measured in days not hours. Made in England, the handset effortlessly combines life-enhancing and reliable security technology with a sophisticated and robust design.

XOR TITANIUM Collection
XOR TITANIUM Collection

The XOR team has developed a modern handset designed with the user at its heart.  Created specifically for those who appreciate design, quality, craft and exclusivity, an XOR mobile phone delivers it all.

Whether protecting your business or your family, XOR allows you to create a personal network of communications that are protected from all potential intruders. With an XOR in your hand, you will always be secure and self-assured. It is Safe by Design.

THE BRAND

XOR was founded by a small group of entrepreneurs who all recognised the need for a beautiful phone that offered unbreakable protection. They assembled a unique team of experts in their fields, including designers, engineers, technicians, craftsmen, audio and material specialists to make their vision a reality.

DESIGN & MATERIALS

XOR TITANIUM embodies the brand’s design philosophy of organic geometry. The design team were passionate about creating an object that was as ergonomic as it was stylish and strong.

The fluid surfaces create edges at their intersections that define the form. This organic movement is captured in the titanium sides of the phone. The lower half is deliberately sculpted to the palm enabling the natural folding over of the fingers. The upper half transitions to a concave form that makes a natural home for the thumb and index finger, guiding them to the protected keys. This edition takes its name from one of the key materials used in its construction: titanium.

XOR handsets are designed and hand built in England. Using only the finest materials to produce a lightweight, strong and dependable phone. The phone exudes mystery and commands interest, there is no brand name anywhere except for XOR’s intriguing shield logo.

The first XOR collection consists of four variants: TITANIUM Classic, TITANIUM Ebony, TITANIUM Marine and TITANIUM Rose.

  • Hypoallergenic Metal Alloy: The phone is encased in titanium which is as strong as steel but weighs only half as much. Forged in soaring temperatures but engineered to precision, it is widely used in the aerospace industries.
  • Sapphire Crystal Screen: Polished to perfection, it can only be cut with diamond-tipped tools resulting in a virtually scratch-proof screen.
  • Ceramic: Known for its incredible strength and polished elegance, XOR uses high tech ceramic similar to that used in spacecraft. It is known for its incredible scratch resistance and unique thermal characteristics.
  • Leather: Supple, perfectly smooth and blemish-free leather encases the back of each handset. Each piece of high-quality leather is painstakingly checked to ensure that the grain is consistent and of premium quality.

UNIQUE OFFERING

XOR believe that protecting your wellbeing is as important as safeguarding your data.  Every XOR handset has been enhanced with an indoor air quality sensor, to inform you of any pollutants in the air you are breathing. Marked by a leaf icon on the home screen; green signifies safe, yellow denotes alarming while red is unhealthy.  

Each XOR handset is hardware encrypted to protect your personal data. Hardware encryption is more effective than software encryption because it is direct, phone to phone, no servers are involved, therefore no keys can be discovered. Two or more XOR users can exchange calls and messages using end-to-end encryption through a unique contact system and a series of secure one-time passwords. XOR use Advanced Encryption System (AES) algorithm: AES 256. In order to access your personal information, a hacker would need to try 2256 different combinations to find the right one or a brute force attack of 5.4 billion years.

Conversations and data content are safeguarded with the ability to delete data via a remote secret key created during the handset’s initial set-up. This protects the user and gives them complete control of their data if the phone is lost or stolen.

The unique ringtone was created by British multi award-winning recording artist, composer and producer Mark Sayfritz. The XOR ringtone is akin to a movie soundtrack with its atmospheric quality. More importantly, the same original composition is played in a non-encrypted (piano) and encrypted (synthesiser) way to differentiate the type of call you are receiving. 

The XOR TITANIUM handset comes with active noise cancellation technology to remove the background noise. Sounds picked up are filtered out, while the call volume is automatically adjusted based on surrounding noise levels, creating a better quality call for the user.

Each XOR handset is equipped with a receiver to allow wireless charging. Place the handset on top of any universal wireless charging pad for more convenient charging.

The unique user interface is clear and easy to navigate. The home screen’s analogue clock face features the shield logo. It is a subtle reminder that you are constantly under protection 24/7.

The XOR TITANIUM range starts from £3,000 and are available to order direct from the XOR website – xorinc.uk – from 18 January 2021.

Link to image library: https://we.tl/t-coproOtqsY

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PR Newswire

Ribbon Selects Switch Connect as its First Universal Partner in Australia New Zealand

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WESTFORD, Mass., Jan. 8, 2021 — Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, today announced that it has appointed Switch Connect, one of Australia’s premier IP-centric telecommunications providers, as its first ANZ (Australia New Zealand) universal partner.

"Ribbon is widely acknowledged as a market leader in carrier-class Unified Communications and voice routing solutions, and we see a lot of potential in working together for future projects," said Rohan Milne, Chief Executive Officer, Switch Connect. "We look forward to a long and fruitful relationship delivering best in class solutions together."

Switch Connect resells Ribbon’s entire channel-ready portfolio, including Session Border Controllers (SBCs), Analytics, Security solutions and more to partners and end customers, and has Ribbon-certified engineers on staff to offer support and services. As a universal partner, it also hosts an Edgeview Service Control Center to manage and monitor customer site EdgeMarc SBCs.

"The Channel is key to our go to market strategy, and we’re delighted to welcome Switch Connect as our first universal partner in ANZ," said Robert Inshaw, SVP Asia, Ribbon. "With its established reputation in the industry and experience delivering key projects for some of Australia’s leading carriers and managed service providers, we’re confident in their ability to help us further penetrate this important market with our state of the art capabilities."

About Ribbon

Ribbon Communications (Nasdaq: RBBN) delivers global communications software and packet and optical network solutions to service providers, enterprises and critical infrastructure sectors. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today’s smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge IP solutions, cloud-native offers, leading-edge software security and analytics tools, as well as 5G-ready packet and optical networking solutions acquired via our recent merger with ECI Telecom. To learn more about Ribbon visit rbbn.com.

Important Information Regarding Forward-Looking Statements  

The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding market expansion, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications’ business, please refer to the "Risk Factors" section of Ribbon Communications’ most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications’ views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications’ views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

Investor Relations

APAC, CALA & EMEA Press

Monica Gould

Catherine Berthier

+1 (212) 871-3927

+1 (646) 741-1974

IR@rbbn.com    

cberthier@rbbn.com 

North American Press 

Analyst Relations

Dennis Watson 

Michael Cooper

+1 (214) 695-2224 

+1 (708) 212-6922

dwatson@rbbn.com 

mcooper@rbbn.com

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PR Newswire

OneWeb’s Successful Launch, Paves The Way For Commercial Services

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– OneWeb confirms successful launch and contact with all 36 satellites

– The latest deployment brings the in-orbit constellation to 110 satellites

– OneWeb on track to launch regional commercial service in 2021 and global service in 2022

LONDON, Dec.19,  2020 — OneWeb, the Low Earth Orbit (LEO) satellite communications company, has confirmed the successful launch of all 36 satellites from a Soyuz launch vehicle, which began flight from the Vostochny Cosmodrome. This brings the total in-orbit constellation to 110 satellites, part of OneWeb’s 648 LEO satellite fleet that will deliver high-speed, low-latency global connectivity.

Lift-off occurred on 18 December at 12:26 GMT. OneWeb’s satellites separated from the rocket and were dispensed in nine batches over a period of 3 hours 52 minutes with signal acquisition on all 36 satellites confirmed.

Less than a month since its acquisition by the UK Government and Bharti Global, OneWeb is quickly returning to full operations — hiring at a fast pace, restarting launches, continuing to build its ground station network, and pushing forward on user terminal development.

The success of this launch will put OneWeb on track to offer global services to customers starting with the United Kingdom, Alaska, Northern Europe, Greenland, Iceland, the Artic Seas, and Canada in 2021 with global service following in 2022.

Neil Masterson, OneWeb CEO commented: "It’s inspiring to be part of a fast-returning organisation refocused on our mission of bringing connectivity to everyone, everywhere. Each launch moves us closer to our goal of building this much needed global, secure, trusted, enterprise-grade broadband network, powered from space. We look forward to offering our commercial services to global users."

UK Business Secretary Alok Sharma said: "With OneWeb’s latest satellites taking to the skies we come one step closer to connecting people across the globe with fast, UK-backed broadband and just months after British government investment made this possible.

 The UK can be proud of being at the heart of the latest long-term advances in space technology."

"Today’s launch is one of many steps we have taken to operationalise one of the world’s first LEO constellations which clearly demonstrates we are on our way to achieving our mission. Overall, there is an overwhelming demand for broadband and the pandemic has taxed infrastructure everywhere and many people worldwide are left with little to no options to access the internet. OneWeb’s system will help meet existing and future demand by delivering broadband connectivity to communities, towns, and regions left unconnected or under-connected." said Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises.

Follow #OneWebLaunch on OneWeb social media channels: YouTube, Instagram, Twitter, Facebook.

Webcast playback

Launch highlights available
View on OneWeb YouTube

Launch Imagery

https://www.oneweb.world/launch4-mediakit 

Launch Partner

Arianespace and Glavkosmos

Launch Facility

Soyuz Launch Complex, Vostochny Cosmodrome

About OneWeb

OneWeb is a global communications network powered from space, headquartered in London, enabling connectivity for governments, businesses, and communities. It is implementing a constellation of Low Earth Orbit satellites with a network of global gateway stations and a range of user terminals to provide an affordable, fast, high-bandwidth and low-latency communications service, connected to the IoT future and a pathway to 5G for everyone, everywhere. Find out more at http://www.oneweb.world

 

 

PR Newswire

uCloudlink and ING Bank Bring High-quality Mobile Network Connectivity to the Banking Sector for Fifth Consecutive Year

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HONG KONG, Dec. 17, 2020 — UCLOUDLINK GROUP INC. ("uCloudlink") (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, and ING Bank N.V. ("ING") are entering their fifth year of cooperation for ING branches worldwide. Over the past half-decade, uCloudlink has remained committed in its efforts to help ING employees and users enjoy high-quality reliable mobile network access at any time and anywhere.

Since the partnership began in 2016, uCloudlink has been providing ING with global mobile data connectivity solutions. The company has supported ING executives and business travelers from branches in the Netherlands, Spain, the Philippines, Singapore, Turkey, the United Kingdom, the United States and other countries to remain connected without limitations during frequent international business trips, while reducing the cost of global roaming.

Those in the banking and finance sector have high requirements for internet connectivity at home and abroad. For enterprises with a large number of employees frequently travelling overseas, a flexible, efficient and reliable mobile connection is important to facilitate increased efficiency and maximum returns from the trip. However, global roaming has historically been expensive and unreliable, leading to wasted time and resources when abroad. uCloudlink provides a better solution by offering a selection of convenient options and diverse plans for reliable international mobile data connectivity.

As a leading banking and financial services company, ING entered an enterprise cooperation agreement with uCloudlink five years ago, in order to provide mobile Wi-Fi terminal products and services for employees and users. Leveraging its core patented CloudSIM technology, uCloudlink dynamically and intelligently selects the most suitable mobile network depending on the user’s location — allowing ING staff and users to enjoy superior mobile connectivity across different regions and various network operators. As the partnership approaches the five-year mark, the strength and endurance of the cooperation is a testament to the quality of uCloudlink’s products and services, which stand the test of time.

In addition to its partnership with ING, uCloudlink’s flexible global data roaming service plans can be tailor-made for a wide range of enterprises to allow better cost savings, resource management and support. At present, uCloudlink has provided services for various global institutions. Furthermore, a number of executives and employees of multinational investment firms personally purchase and use uCloudlink products and services, either from online store or via the APPs such as GlocalMe.

Looking ahead, uCloudlink looks forward to serving more enterprise customers seeking cost-effective and reliable data connectivity with low network latency, to be used locally and internationally. With its core patented technologies, extensive products and services, and significant investment in R&D, uCloudlink will allow business partners and users from just "connected" to "superior connection".

uCloudlink will continue to expand its high-tech solutions to new industries as it seeks to establish its ecosystem globally, and dedicate itself to exploring new business opportunities in domestic and overseas markets.

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 CloudSIM 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.