Swedish vendor Ericsson announced the appointment of Patrick Johansson as Head of Market Area Middle East and Africa, replacing Fadi Pharaon who announced his departure in May.
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.
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.