Juan Pedro Tomás

China Tower ended 2023 with a total of 2.04 million towers under management, down 0.4%, the company said in its earnings statement. The company said that total tower tenants rose to 3.65 million at end-2023, pushing the average number per tower to 1.79 from 1.74 at the end of 2022. China Tower’s net profit in 2023 surged 11% year-on-year to CNY9.75 billion ($1.35 billion), while operating revenue grew 2% to CNY 94 billion.

Malaysian telco Maxis and Chinese vendor Huawei Technologies have inked a Memorandum of Understanding (MoU) to work on a 5G-Advanced acceleration program. The deal includes a number of areas to drive commercialization and adoption of 5G-Advanced technology in Malaysia, spanning use cases, key technologies, technology evolution and the ecosystem.

Swedish vendor Ericsson is currently exploring business opportunities in India’s enterprise market as local carriers seek ways to monetize their 5G networks, Indian news site Moneycontrol reported. “We are looking at India for our enterprise business. We are looking at what India needs as a market and how our solutions can fit that need.