Mobile Magazine highlights stories from Tech Mahindra , Swisscom and Vodafone Italia , Huawei and Extreme Networks
SWISSCOM BUYS VODAFONE ’ S ITALIA BUSINESS FOR € 8BN
Vodafone has confirmed that it is selling the Italian arm of its business to Swisscom for € 8bn ( US $ 8.7bn ) cash , with plans to return € 4bn ( US $ 4.4bn ) to shareholders . In a move Vodafone is calling its ‘ Reshaped European footprint ’, the final step of its ‘ portfolio rightsizing ’ announced in May 2023 .
HOW 5G INNOVATION IS HELPING DRIVE HUAWEI ' S REVENUE GROWTH
Growth is a key theme of Huawei ’ s recently released 2023 Annual Report , which shows that the Chinese technology giant generated revenue of US $ 99.5 billion , with a profit of US $ 12.3 billion , positioning Huawei ’ s annual revenue above the likes of Tesla , Bank of America , Dell and NTT .
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