In today’s industry news roundup: Lumen shares sink as new CEO is announced; Orange Spain invites customers to discover the latest metaverse smartphones; Verizon’s Virtual RAN Deployment Reaches 8,000 Sites, with More to Follow Over the Next Three Years; And much more!
Lumen Technologiesthe American business-focused telecommunications company, formerly known as CenturyLink, has poached the chief of United States, Kate Johnson (in the photo above), as the next CEO, effective November 7. She replaces Jeff Storey, who is retiring after 40 years in the communications service provider industry: he will remain with Lumen until the end of the year to allow for a smooth transition for the new leader. “Kate’s appointment and the strategic transition announced today are the culmination of a succession plan that Jeff and the Board have been committed to over the past several years,” said Lumen Chairman T. Michael Glenn. “We are confident that she is the right leader to take the reins at this important time in Lumen’s history. Kate is an inspiring and motivating leader who is known for identifying and creating growth. She is the ideal CEO for Lumen,” he added. Johnson has its work cut out for it: the operator recently announced a 6.3% year-over-year drop in second-quarter revenue to $4.6 billion and a drop in adjusted EBITDA margins to 38.2% against 42.4% a year earlier. Additionally, the company’s stock price is down more than 27% this year and is down almost 7% today at $9.38 following the announcement of the CEO transition. What a welcome ! For more on the appointment of the new CEO, see this press release.
As part of a group-wide exploration of the potential of immersive digital engagement, Orange Spain opened a client store in the metaverse, displaying products from companies such as Oppo, Honor, Huawei, Google, Meta, Samsung and Xiaomi that customers can “manipulate in a 3D visualization, access demos, promotions and the online store”, according to the Spanish operator. “Customers will be able to be served by an in-store salesperson in the form of an avatar who will advise them on Orange products and services. This is a new experience that takes the customer’s ability to interact to the next level, bringing the vision of the metaverse experience closer to a virtual environment that replicates the possibilities of the physical world,” the company added. A unique experience indeed… Orange is just one of the many telecom operators that check the potential of metaverse platforms for digital service delivery and customer engagement, e.g. Telefónica must organize a Metaverse Day towards the end of this month.
Verizon has deployed more than 8,000 Virtualized Radio Access Network (vRAN) sites across the United States and has a “goal to deploy more than 20,000 by the end of 2025.” Deploying vRAN systems, which the operator says is the “base” of Open RAN, allows it to “quickly respond to diverse customer latency and compute needs, and provides greater flexibility and agility in ‘introduction of new products and services,’ the company noted in this press release. “Moving to a virtualized, cloud-based architecture with standardized interfaces in every part of the network leads to greater flexibility, faster service delivery, greater scalability, and better cost-effectiveness of networks,” he said. he adds. Verizon’s evolution to vRAN began in earnest when it Selected Samsung networks as one of its leading 5G RAN technology providers in September 2020. “We are building the network with the most advanced technology available because we know people rely on our network and we are committed to providing variety and quality services that our customers need,” noted Adam Koeppe, senior vice president of carrier planning and technology.
Always with Verizon… The US operator also revealed that it now connects around 48% of its RAN sites to its own fiber optic lines and is on track to reach 50% by the end of this year. “Owning and operating the fiber that carries customer data from the cell site to the rest of the network allows the company to quickly respond to changing capacity needs, immediately control fiber cable upgrades and repairs, and electronics, as well as adding safety, control and reliability. in network operations – all critical to creating the most reliable network for customers and delivering the capacity and speeds needed now and in the future,” Verizon noted in this advert.
Elon Musk’s Low Earth Orbit Satellite Operator Stellar Link is appeal the recent decision by the US regulator the Federal Communications Commission (FCC) for reject his offer for Rural Digital Opportunity Fund (RDOF) grants of nearly $886 million. Starlink says the FCC’s decision, announced last month, was “both legally and politically flawed.” The gloves are off!
Telco based in the Middle East Ooredoo is the last operator rumor wants to sell his tower assets. According to Reutersthe operator is exploring opportunities to leverage its tower assets in Qatar as well as in other markets: Ooredoo is present in 10 markets in North Africa, the Middle East and Asia, although it is in the point of sell your business in Myanmar.
After more than two years of testing and trials, MfutureThe convergent packet base applications of have been deployed as part of Deutsche Telekomcloud-native standalone 5G core deployment. Core apps support data, voice and messaging services, and enable network slicing: Slicing’s initial use case is “focused on live video streaming,” the vendor noted. The development is significant for the German telco, according to its group CTO Abdu Mudesir. “The deployment of a cloud-native Autonomous Core (SA) marks a key milestone in the evolution of our 5G architecture,” he said. “This puts us on the path to a fully automated network with the reliability, massive scale and flexibility to deliver innovative 5G SA services to our residential and enterprise customers,” the CTO added.
fiber optic manufacturer Corning opened a new manufacturing facility in Mszczonów, Poland, to “meet the growing demand for high-speed connectivity in the European Union and surrounding regions”, the company has announcement. “The facility, one of the largest fiber optic plants in the European Union, is the latest in a series of global investments by Corning in fiber and cable manufacturing, totaling more than $500 million. since 2020, supported by growing demand and strong customer commitments,” added.
– Staff, TelecomTV