Secondary 5G Innovation: Charting a New Course for Business Success

Huawei reported net profit more than doubled in its 2023 financial year to CNY87 billion (US$13.4 billion) as it saw revenue growth across its multiple arms.

Nokia secured a contract to supply Uzbekistan-based operator Perfectum with equipment and software to construct its standalone (SA) 5G network, in line with the operator’s plan to commercially launch Central Asia’s first SA 5G network. 

Data from Dell’Oro Group showed Huawei was the leading telecom equipment vendor by revenue in 2023, but the overall market had contracted 5% year-on-year, snapping five years of consecutive growth.