Technology

China tech giant Huawei says profits fell 69% in 2022

China tech giant Huawei says profits fell 69% in 2022

Huawei’s profits fell almost 69 percent last year, the company said Friday, as US sanctions and international economic uncertainty bit into the Chinese tech giant’s earnings. The company generated 35.6 billion yuan ($5.2 billion) in net profit in 2022, it said, down 68.7 percent from a record 113.7 billion last year. “In 2022, a challenging […]
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Airtel pushes 5G license revenue generation to over $864m

Airtel pushes 5G license revenue generation to over $864m

…walks back into 5G spotlight with $316.7m license acquisition By Prince Osuagwu, Hi-Tech Editor Airtel Nigeria has made up for the costly slip that made it lose out in the 5G auction of December 2021 by quickly grabbing the opportunity when it called again late last year. And, to seal its position as one of […]