DISH builds its 5G core in AWS

DISH Network will construct its 5G Open Radio Access Network (O-RAN) network on AWS.DISH, which is partnering exclusively with vendors offering cloud-native technology, plans to begin deploying the network in Las Vegas later this year.  All hardware and network management resources will be connected through AWS, including DISH’s fully automated Operation and Business Support Systems (OSS and BSS) for 5G services.DISH said its groundbreaking,...

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Mavenir lands a $500 million investment from Koch

Mavenir announced a $500 million minority equity investment from Koch Strategic Platforms (“KSP”), a subsidiary of Koch Investments Group. Affiliates of Siris Capital Group, LLC (“Siris”), a leading technology-focused private equity firm, will remain majority equity holders.“We have built a next-generation software platform that has driven, and will continue to drive, the digital transformation of mission-critical networks. Together with KSP and...

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Open19 Foundation moves under Linux Foundation umbrella

The Linux Foundation will host the Open19 Foundation, an open hardware platform for data center and edge hardware innovation. It is also announcing that one of the original founders of the Open19 project, Yuval Bachar, is joining the Linux Foundation to lead this effort. Project leadership includes premiere members Equinix and Cisco.Open19 focuses on hardware standards that enable compute, storage and network manufacturers and end users to develop...

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Verizon posts strong Q1 as revenue rises 4%

 Citing strength across its core business, Verizon Communications reported total consolidated operating revenues in first-quarter 2021 of $32.9 billion, up 4.0 percent from first-quarter 2020. EPS was $1.27, compared with $1.00 in first-quarter 2020. On an adjusted basis (non-GAAP), first-quarter 2021 EPS, excluding a special item, was $1.31, compared with adjusted EPS of $1.26 in first-quarter 2020. “Verizon is off to an excellent start...

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Ericsson's Q1 networks sales increased 15% YoY

Ericsson reported Q1 net sales of SEK 49.8 billion up 10% YoY despite SEK -1.6 billion lower IPR licensing revenues.Networks sales increased by 15% YoY, adjusted for comparable units and currency, driven by market share gains. Networks EBIT margin excluding restructuring charges was 19.9% (16.8%). Reported net income was SEK 3.2 (2.3) billion.The company reported strong global growth in 5G. There was high activity levels in all market areas,...

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ADVA posts strongest Q1 results in company’s history

Citing high order volume from network operators as well as private companies and governments, ADVA reported Q1 revenues of EUR 144.5 million, up by 2.8% from EUR 140.6 million in Q4 2020, also up by 8.9% compared to EUR 132.7 million in the same year-ago period.Pro forma gross profit in Q1 2021 increased by 1.3%, reaching EUR 55.3 million (38.3% of revenues) compared to EUR 54.6 million (38.9% of revenues) in Q4 2020 and increased significantly by...

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SiFive licenses its RISC-V core IP to Renesas

Renesas Electronics and SiFive agreed to jointly develop next-generation, high-end RISC-V solutions for automotive applications. The partnership will also include SiFive licensing the use of their RISC-V core IP portfolio to Renesas.Renesas provides automotive solutions including ADAS, Autonomous Driving (AD), Electric Vehicles (EV), and Connected Gateway (CoGW) to customers all over the world.The SiFive Intelligence platform, based on SiFive RISC-V...

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NETGEAR's Q1 revenue soars to $317.9 million, up 38.3% yoy

NETGEAR reported Q1 2021 net revenue of $317.9 million, an increase of 38.3% from the comparable prior year quarter. First quarter 2021 GAAP net income per diluted share of $0.72, as compared to net loss per diluted share of $0.14 in the comparable prior year quarter. First quarter 2021 non-GAAP net income per diluted share of $0.99, as compared to $0.21 in the comparable prior year quarter.Patrick Lo, Chairman and Chief Executive Officer of NETGEAR,...

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