➀ The RAN market is facing a second consecutive year of steep declines after a 40 to 50 percent revenue growth between 2017 and 2021; ➁ The downward pressure is expected to persist until 6G becomes a reality; ➂ Operators will need to optimize their spectrum roadmaps to address various data traffic scenarios, and the RAN market may see further downward pressure due to the slowing growth of mobile data traffic.

➀ The article discusses the advantages and disadvantages of hollow core fibers compared to solid core fibers.➁ Jilin University has made progress in small-size hollow core fibers.➂ The article mentions the collaboration between Jilin University, Lianxian Technology, and other entities for hollow core fiber trials.➃ The trial used a nodeless anti-resonant structure with triple-tube double anti-resonant structure, achieving a minimum loss of 0.11dB/km.➄ Traditional fiber nonlinear effects can be ignored with hollow core fibers, which is crucial for improving signal-to-noise ratio.➅ Trials were conducted in Suzhou in September 2024, testing loss, dispersion, and Rayleigh backscattering without system transmission verification.➆ ECOC2024 showcased trials with a triple-tube double anti-resonant structure, achieving a loss of 0.14dB/km for the cable and 0.13dB/km for the overall fiber.

➀ Dell'Oro reports a 10% YoY decline in global telecom capex in H1 2024; ➁ Operators are scaling back investments in 5G and fixed broadband due to factors like inventory build-up, weaker demand in key regions, and technology monetization challenges; ➂ Global carrier revenues are expected to grow at a 1% CAGR over the next three years.

1. AT&T's Fiber Broadband growth and increased free cash flow make it an attractive option for passive income investors with a low dividend payout ratio. 2. The Telco's reaffirmed 2024 free cash flow forecast and low valuation based on profits support the investment thesis despite recent 52-week highs. 3. AT&T's stock is moderately valued at 9.5x leading profits, with an intrinsic value estimate of $23-$25 driven by robust FCF growth.

1. The GSMA has published a Responsible AI maturity roadmap for the telecommunications industry; 2. The roadmap is designed to help telecom companies adopt responsible and ethical AI practices; 3. It includes guidelines for organizational vision, governance, regulatory compliance, ecosystem collaboration, and change management.

➀ Twenty-one years ago, it became evident that European telecom companies were lagging behind Asian counterparts in the pace of fiber-to-the-home installations; ➁ Infineon's vice-president highlighted the importance of access technologies in wireline communications, emphasizing the Asian approach to bring fiber closer to users; ➂ Operators are considering VoIP as a means to reduce operational costs and increase service offerings, though actual implementation is still in discussion.

➀ AMD EPYC processors are gaining popularity in the telecommunications industry due to their high-core count, high frequency, and low power consumption; ➁ The Zen architecture enables single-socket servers to replace dual-socket ones, reducing costs and energy consumption; ➂ EPYC 7A23 provides high computing power and stability for cloud services and big data applications; ➃ AMD's innovations are driving the industry towards a more efficient and energy-saving direction.

1. AT&T's 2024 share performance has been strong, with a nearly 50% return in income and gains since last September. 2. Despite revenue challenges, AT&T has managed expenses well, leading to a slight decline in operating income and a significant reduction in debt. 3. The transformation from wireline to fiber is progressing, with substantial growth in fiber customers and revenue, supporting future earnings and free cash flow.

➀ Samsung has expressed preliminary interest in acquiring parts of Nokia's assets to expand its wireless access network capabilities. ➁ The potential acquisition is still in early stages, with the total value of the assets estimated at around $10 billion. ➂ Nokia remains committed to its mobile network business, which is strategically important for the company.

➀ NATO believes Russia could disrupt global internet and GPS services. ➁ Russia is suspected of mapping undersea fiber optic cables and has already carried out smaller-scale attacks. ➂ NATO is enhancing surveillance and developing systems to reroute communications via satellite in response.

➀ Starlink plans to integrate Internet and mobile services using advanced eNodeB modems on new satellites, acting as space cellphone towers. ➁ The service will connect with 4G LTE-compatible phones without additional equipment, offering text, voice, and data services. ➂ Initial tests were successful, with plans for text capabilities by the end of the year and voice and data services next year.

1. Ericsson reported better-than-expected Q2 results, driven by a 5G licensing deal that boosted revenue and margins. 2. North American revenue growth is positive, but guidance suggests no fundamental shift towards significant new deployments. 3. The long-term outlook remains weak with low single-digit revenue growth and modest operating leverage potential, unless midband 5G and IIoT deliver substantial benefits.