DOCSLIB.ORG

Telecom Service (Overweight /Maintain )

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Telecom Service (Overweight /Maintain ) Mirae Asset Daewoo Telecom Service (Overweight /Maintain ) Spectrum auction to kick off next week with the participation of all three telcos On April 18 th , MSIP finished accepting applications for its spectrum auction, with all Sector Update three major telcos submitting their participation April 19, 2016 The auction, which offers a total of five blocks in four different frequency bands , is anticipated to kick off between April 25th and 28 th , with the final results expected before mid-May Daewoo Securities C o., Ltd. LG Uplus has the most options, while SKT and KT must also consider renewal prices [Telecom Service / Media ] Jee -hyun Moon All three telcos sign up for frequency auction +822 -768 -3615 [email protected] On April 18th, the Ministry of Science, ICT and Future Planning (MSIP) finished accepting applications for its upcoming wireless spectrum auction, with all three major telcos Nu -ri Ha +822 -768 -4130 submitting their participation. The auction will feature a total of five blocks in four [email protected] different frequency bands. We expect the auction to kick off between April 25th and 28th following eligibility screening. Since the entire process is expected to take a maximum of eight days, the final results are likely to be revealed before mid-May, which should help ease uncertainties. The auction will be conducted based on a combination of ascending and sealed bids. The first stage will be a simultaneous ascending auction in which participants make increasingly higher bids for a maximum of 50 rounds. Bidders must place a bid at least 0.75% higher than the bid made by the winner of the previous round, within 40 minutes. If the ascending auction fails to produce a winner, a sealed auction, in which bidders do not unveil their prices to other participants, will take place. Bids for the sealed auction must be higher than the highest bids submitted for each block in the ascending auction. In addition, a maximum bid will be set for the sealed auction based on the results of the ascending auction. Final winners will be decided based on the highest bids placed per block combination. LG Uplus has the most options and least need We see limited risks of overheated bidding, as the new blocks up for sale are deemed supplementary. The previous auction in 2013 occurred immediately after the rollout of LTE and, at that time, winning additional spectrum was considered essential for subscriber acquisition. Today, however, the LTE market has matured, and telcos already have broadband dedicated to LTE. Telcos are also better at managing traffic efficiency through carrier aggregation. Given the current status of each telco, we think LG Uplus is most favorably positioned in this year’s spectrum auction. The company has the most options, as four (B, C, D, and E) of the five blocks on offer are adjacent to the company’s existing spectrum. In addition, the company currently has sizeable LTE frequency holdings, meaning the need for spectrum is less pressing. On the other hand, SK Telecom (SKT) and KT face a greater need for additional spectrum, given their larger subscriber bases. The two telcos also have to renew licenses for their respective 40MHz blocks in the 2.1GHz band (set to expire at the end of the year), which could come at a high price tag. The renewal prices will be tied to the outcome of the auction, as prices will be calculated based on the average of 3% of revenue and the final bid for the 20MHz up for auction in the 2.1GHz band. April 19, 2016 Telecom Service Figure 1. 2016 spectrum auction plan: Spectrum packages to be allocated (A-E blocks) Notes: Bidder can only obtain one wide band (A or D), and maximum bandwidth that can be allocated is limited to 60MHz Source: MSIP, Yonhap News, Mirae Asset Daewoo Research Table 1. Details of 2016 spectrum auction plan Minimum Period of Frequency Band- Block bid price utilization Notes band width (Wbn) (years) Relatively few compatible devices A 700MHz 40MHz 762.0 10 Network investment requirements: 1st year 15%, 2nd year 45%, 3rd year 55%, 4th year 65% Spectrum adjacent to KT’s LTE frequency and LG Uplus’s 2G frequency B 1.8GHz 20MHz 451.3 10 Network investment requirements: 1st year 10%, 2nd year 25%, 3rd year 35%, 4th year 40% Only 20MHz out of the 60MHz to be returned by SKT is to be put up for auction; afterwards the spectrum will be adjusted to be adjacent to the allocated company’s existing spectrum. C 2.1GHz 20MHz 381.6 5 Converted to a 10-year period, minimum bid price would be the most expensive, at W763.2bn. The bid price will be linked to the license renewal prices for SKT and KT. Network investment requirements: 1st year 15%, 2nd year 45%, 3rd year 55%, 4th year 65% Spectrum adjacent to LG Uplus’s LTE frequency D 2.6GHz 40MHz 655.3 10 Network investment requirements: 1st year 15%, 2nd year 45%, 3rd year 55%, 4th year 65% Spectrum adjacent to LG Uplus’s LTE frequency E 2.6GHz 20MHz 327.7 10 Network investment requirements: 1st year 10%, 2nd year 25%, 3rd year 35%, 4th year 40% Note: Auctions will proceed in two steps: simultaneous ascending bids (maximum of 50 rounds) followed by sealed bids. Source: MSIP, KISDI, Mirae Asset Daewoo Research Table 2. Three major domestic telcos’ frequency holdings (MHz) Category SKT KT LG Uplus Total Expiry 800 10 2G 30 Jun. 2021 1.8GHz 20 3G 2.1GHz 20 20 40 Dec. 2016 800 20 10 20 Jun. 2021 (SKT, LG Uplus), Jun. 2022 (KT) 900 20 Jun. 2021 LTE 1.8GHz 35 35 260 Dec. 2021 (SKT), Jun. 2021 (KT) 2.1GHz 40 20 20 Dec. 2016 (SKT, KT), Dec. 2021(LG Uplus) 2.6GHz 40 Sep. 2021 WiBro 2.3GHz 30 30 60 Mar. 2019 Amount of frequency held 155 135 100 390 Note: MSIP approved repurposing of 2.1GHz for LTE Source: MSIP, Mirae Asset Daewoo Research Mirae Asset Daewoo Research 2 April 19, 2016 Telecom Service Table 3. Bidding results of the previous spectrum auction (Aug. 30, 2013) (Wbn) Available blocks B2 C2 D2 Total (2.6GHz , 40MHz ) (1.8GHz , 35MHz ) (1.8GHz , 15MHz ) Winner LG Uplus SKT KT Winning bid 478.8 1,050.0 900.1 2,428.9 Minimum price 478.8 673.8 288.8 1,441.4 Amount above min. 0.0 376.2 611.3 987.5 Notes: Allocation conditions: 1) If either SKT or KT acquires the C2 block, they must relinquish their current 1.8GHz band within six months. 2) If KT acquires the D2 block, it can only launch the service in the Seoul metropolitan area immediately after allocation, and then in March 2014 in other major cities and July 2014 nationwide; conditions can be nullified if another operator provides the service first or a roaming agreement is reached between operators. 3) The 2.6GHz band allows interference by specified radio equipment in the 2.4GHz band; use of the D2 block is preconditioned on the protection of existing radio stations. Source: MSIP, Mirae Asset Daewoo Research Table 4. Previous domestic spectrum auctions Auctioned spectrum Method of auction Total winning bid 800MHz 2011 1.8GHz Simultaneous ascending bids W1,701.5bn 2.1GHz 1.8GHz Mixed method: 2013 Simultaneous ascending bid s W2,428.9bn 2.6GHz (50 rounds) + sealed b ids Source: MSIP, Mirae Asset Daewoo Research Mirae Asset Daewoo Research 3 April 19, 2016 Telecom Service APPENDIX 1 Important Disclosures & Disclaimers 2-Year Rating and Target Price History Company (Code) Date Rating Target Price Company (Code) Date Rating Target Price SK Telecom (017670) 02/02/2016 Buy 300,000 05/01/2014 Buy 40,000 07/31/2015 Buy 350,000 04/09/2014 Trading Buy 36,000 05/06/2015 Buy 360,000 LG Uplus (032640) 04/05/2016 Buy 14,000 10/01/2014 Buy 380,000 02/01/2016 Buy 13,000 08/03/2014 Buy 310,000 07/31/2015 Buy 15,000 04/15/2014 Buy 290,000 04/28/2015 Buy 14,000 KT (030200) 01/31/2016 Buy 35,000 01/25/2015 Buy 16,000 11/01/2015 Trading Buy 35,000 10/01/2014 Buy 15,000 08/02/2015 Buy 39,000 07/31/2014 Buy 11,500 01/20/2015 Buy 40,000 04/28/2014 Buy 13,000 10/01/2014 Buy 42,000 03/10/2014 Buy 15,000 (W) SK Telecom (W) KT (W) LG Uplus 400,000 50,000 20,000 40,000 300,000 15,000 30,000 200,000 10,000 20,000 100,000 5,000 10,000 0 0 0 Apr 14 Apr 15 Apr 16 Apr 14 Apr 15 Apr 16 Apr 14 Apr 15 Apr 16 Stock Ratings Industry Ratings Buy : Relative performance of 20% or greater Overweight : Fundamentals are favorable or improving Trading Buy : Relative performance of 10% or greater, but with volatility Neutral : Fundamentals are steady without any material changes Hold : Relative performance of -10% and 10% Underweight : Fundamentals are unfavorable or worsening Sell : Relative performance of -10% Ratings and Target Price History (Share price ( ─), Target price ( ▬), Not covered ( ■), Buy ( ▲), Trading Buy ( ■), Hold ( ●), Sell ( ◆)) * Our investment rating is a guide to the relative return of the stock versus the market over the next 12 months. * Although it is not part of the official ratings at Daewoo Securities, we may call a trading opportunity in case there is a technical or short-term material development.
Load more

Recommended publications
  • 40% More Gigabytes in Spite of the Pandemic
    Industry analysis #3 2020 Mobile data – first half 2020 40% more gigabytes in spite of the pandemic But revenue negatively affected: -0.5% 140% Average +51% Average +54% th 120% Tefficient’s 28 public analysis on the 100% development and drivers of mobile data ranks 116 80% operators based on average data usage per 60% SIM, total data traffic and revenue per gigabyte in 40% the first half of 2020. y growth in mobile data usage data mobile in y growth - o - 20% Y The data usage per SIM grew for basically every 0% Q1 2020 Q2 2020 operator. 42% could turn -20% that data usage growth into ARPU growth. It’s a bit lower than in our previous reports and COVID-19 is to blame; many operators did report negative revenue development in Q2 2020 when travelling stopped and many prepaid subscriptions expired. Mobile data traffic continued to grow, though: +40%. Although operators in certain markets were giving mobile data away to mitigate the negative consequences of lockdowns, most of the global traffic growth is true, underlying, growth. Data usage actually grew faster in Q2 2020 than in Q1 2020 even though lockdowns mainly affected Q2. Our industry demonstrated resilience, but now needs to fill the data monetisation toolbox with more or sharper tools. tefficient AB www.tefficient.com 3 September 2020 1 27 operators above 10 GB per SIM per month in 1H 2020 Figure 1 shows the average mobile data usage for 116 reporting or reported1 mobile operators globally with values for the first half of 2020 or the full year of 2019.
    [Show full text]
  • Satellite Backhaul Architecture for Next-Generation Cellular Networks: Necessity and Opportunities
    High Technology Letters ISSN NO : 1006-6748 Satellite Backhaul Architecture for Next-Generation Cellular Networks: Necessity and Opportunities Dimov Stojce Ilcev Space Science Centre (SSC), Durban University of Technology (DUT), Durban, South Africa, E-mail: [email protected] Abstract: In this paper is introduced a new 5G cellular communication systems and their possible integration with other radio or satellite networks, such as Digital Video Broadcasting-Return Channel via Satellite (DVB-RCS) standards as backhaul for rural, remote cellular networks. Within the next generation 5G framework, the Terrestrial Telecommunication Network (TTN) can be augmented with the backhaul of the development of High Throughput Satellite (HTS) and modern mega DVB-RCS constellations meeting 5G requirements, such as high bandwidth, low latency, and increased coverage for rural, remote and mobile environments. This integration of 5G with DVB-RCS standards will upgrade satellite Internet and IPTV for urban, remote, and mobile applications for ships, road, rails, and aeronautical applications via Geostationary Erath Orbit (GEO) satellites. Mobile Satellite Internet aims at providing the backbone for next-generation 5G broadcasting service through C, Ku and Ka-band DVB-S2 standard for ground and mobile subscribers. It is de facto a mobile interactive broadcast satellite access system, which provides both IPTV broadcasting and high-speed Internet broadband based on DVB-S/DVB-RCS standards, Internet Protocol (IP) network, World Wide Web, and E-solutions globally. Key Words: DVB-RCS, TTN, HTS, GEO, LTE, MIMO, eMBB, mMTC, LEO, MEO, URLLC, VSAT, HTS ISDN, ATM, UMTS, GPRS 1. Introduction Since the predominant Japanese cellular phone operator Nippon Telegraph and Telephone Public Corporation (NTT) DoCoMo Inc.
    [Show full text]
  • New Synchronization Requirements for 4G Backhaul & Fronthaul
    White Paper New Synchronization Requirements for 4G Backhaul & Fronthaul Prepared by Patrick Donegan Chief Analyst, Heavy Reading www.heavyreading.com on behalf of www.veexinc.com December 2014 Introduction With industry leaders such as Ericsson claiming that "spectrum is the new oil" driving the emerging digital economy, there can be no doubt as to the weight of expec- tation on mobile operators where network capacity is concerned. Year after year, customers expect mobile operators to somehow keep at least one step ahead of the acceleration in mobile data consumption. Operators must some- how deliver on a long-term capacity roadmap that will allow customers to consume whatever high-bandwidth services they want, wherever and whenever they want them. And investors expect them to do all this without increasing the total cost of ownership of the network, taking account of both capex and opex. This white paper examines the available options for operators with Long Term Evo- lution (LTE), LTE-Advanced (LTE-A) and the various small cell and centralized radio access network (C-RAN) architecture options for implementing them. The paper provides examples of early deployments of these techniques and architectures and discusses the associated requirements for network synchronization and synchroni- zation testing as these capacity enhancements are rolled out. Efficient Use of Spectrum & Network Assets Consistent with a "spectrum is the new oil" perspective, mobile operators continue to value radio spectrum above any other asset. The mobile communications indus- try is already gearing up for upcoming World Radiocommunications Conferences (WRC) to see what spectrum can be secured for 5G below 5 GHz at WRC 2015 and above 10 GHz at the next WRC in 2018 or 2019.
    [Show full text]
  • Victory Fund Holdings Victory Vif Sophus
    VICTORY FUND HOLDINGS As of June 30, 2021 VICTORY VIF SOPHUS EMERGING MARKETS MATURITY TRADED MARKET TRADED MARKET SECURITY DESCRIPTION DATE VALUE (BASE) VALUE (BASE) % ALIBABA GROUP HOLDING LTD ADR 1,972,532.44 4.25% BAIDU, INC. ADR 501,186.20 1.08% CEMEX DA - ADR 425,787.60 0.92% BANCO DE CREDITO E INVERSIONES 42.24 0.00% BANCO DE CHILE 222,461.14 0.48% CONTROLADORA VUELA CIA-ADR 252,035.20 0.54% VALE SA 519,202.93 1.12% GRUPO FINANCIERO BANORTE SAB DE CV 53,844.63 0.12% ALSEA SAB DE CV 191,300.90 0.41% PETROBRAS DISTRIBUIDORA SA 280,040.22 0.60% HDFC BANK, LTD. ADR 295,770.40 0.64% INFOSYS TECHNOLOGIES ADR 917,463.43 1.98% JD.COM INC 462,259.52 1.00% MYTILINEOS HOLDINGS SA 231,598.89 0.50% ASM PACIFIC TECHNOLOGY LIMITED 289,896.61 0.63% WALSIN TECHNOLOGY CORP 358,898.56 0.77% HINDUSTAN PETROLEUM CORP LTD 420,901.59 0.91% LIC HOUSING FINANCE LTD 347,677.95 0.75% TATA STEEL LTD 279,822.18 0.60% NMDC LTD 371,024.87 0.80% DB INSURANCE CO LTD 248,435.54 0.54% CJ CORP 218,169.43 0.47% CHINA AIRLINES LTD 237,394.11 0.51% NANYA TECHNOLOGY CORP 437,286.77 0.94% LG UPLUS CORP 400,318.87 0.86% INBODY CO LTD 147,250.34 0.32% EVERGREEN MARINE CORP TAIWAN LTD 550,999.17 1.19% FORMOSA PLASTICS CORP 266,092.71 0.57% FOSCHINI GROUP LTD/THE 78,224.61 0.17% SIAM COMMERCIAL BANK P-NVDR 302,348.74 0.65% MEDIATEK INC 586,318.72 1.26% SAMSUNG SECURITIES CO LTD 272,600.80 0.59% DR.
    [Show full text]
  • Telecom Service Solid Downside Support and Decent Growth Potential
    Telecom Service Solid downside support and decent growth potential In late phase of LTE era: Consumption diverging and becoming rational LTE technology came to Korea in end-2011 . Nearly five years later, the domestic telecom service industry is now entering the late phase of the LTE era. During the Overweight (Maintain) initial high-growth phase, early adopters purchased expensive handsets and subscribed to high-priced rate plans. Now, telecom service consumption trends are changing. 1) First, consumption is diverging, with the gap between telcos’ average 2H16 Outlook Report rates and MVNO rates widening further this year, compared to 2012 . 2) Second, June 3, 2016 consumers are becoming more rational. Low- to mid-end handset purchases out of all purchases are estimated to be near 30%, from less than 10% in 2012. In addition, the cumulative number of subscribers who have chosen a rate discount in lieu of Mirae Asset Daewoo Co., Ltd. subsidies has surpassed 10% of overall mobile subscribers. [Telecom Service / Media ] Risks from telecom plan restrictions; Opportunities from growing data usage and business expansion Jee -hyun Moon The most serious threat to telcos in 2H should be downward pressure on plan +822 -768 -3615 prices. Once the new National Assembly takes office in June, a revision to the [email protected] handset distribution act and a bill related to telecom plan restrictions will likely be Nu -ri Ha proposed. With ARPU growth slowing and service rate discounts being booked as +822 -768 -4130 sales discounts , telcos must find ways to deal with the growing pressure to lower telecom bills.
    [Show full text]
  • Technology and the Geography of the Foreign Exchange Market
    Working Paper Series Barry Eichengreen Cables, Sharks and Servers: Romain Lafarguette and Arnaud Mehl Technology and the Geography of the Foreign Exchange Market No 1889 / March 2016 Note: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB Abstract We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We identify exogenous technological changes by the connection of countries to submarine fiber- optic cables used for electronic trading, but which were not laid for purposes related to the foreign exchange market. We estimate the impact of cable connections on the share of offshore foreign exchange transactions. Cable connections between local markets and matching servers in the major financial centers lower the fixed costs of trading currencies and increase the share of currency trades occurring onshore. At the same time, however, they attenuate the effect of standard spatial frictions such as distance, local market liquidity, and restrictive regulations that otherwise prevent transactions from moving to the major financial centers. Our estimates suggest that the second effect dominates. Technology dampens the impact of spatial frictions by up to 80 percent and increases, in net terms, the share of offshore trading by 21 percentage points. Technology also has economically important implications for the distribution of foreign exchange transactions across financial centers, boosting the share in global turnover of London, the world’s largest trading venue, by as much as one-third.
    [Show full text]
  • Road to 5G: Introduction and Migration April 2018
    Road to 5G: Introduction and Migration April 2018 ROAD TO 5G: INTRODUCTION AND MIGRATION About the GSMA Future Networks Programme The GSMA represents the interests of mobile operators The GSMA’s Future Networks is designed to help operators worldwide, uniting nearly 800 operators with almost 300 and the wider mobile industry to deliver All-IP networks so companies in the broader mobile ecosystem, including that everyone benefits regardless of where their starting handset and device makers, software companies, point might be on the journey. equipment providers and internet companies, as well as The programme has three key work-streams focused on: organisations in adjacent industry sectors. The GSMA also The development and deployment of IP services, The produces industry-leading events such as Mobile World evolution of the 4G networks in widespread use today, The Congress, Mobile World Congress Shanghai, Mobile World 5G Journey developing the next generation of mobile Congress Americas and the Mobile 360 Series of technologies and service. conferences. For more information, please visit the Future Networks For more information, please visit the GSMA corporate website at: www.gsma.com/futurenetworks website at www.gsma.com. Follow the GSMA on Twitter: @GSMA. Document Editor Dongwook Kim, 5G Project Manager Michele Zarri, Technical Director – Networks Acknowledgement (5G Introduction Project Members) Applied Communication Sciences MediaTek Inc. ARM Ltd. Nokia AT&T Mobility NTT DOCOMO, Inc. Axiata Group Berhad OranGe China Mobile Limited Qualcomm Incorporated China Telecommunications Corporation SinGTel Mobile SinGapore Pte. Ltd. China Unicom SK Telecom Co., Ltd. Deutsche Telekom AG SoftBank Corp. DISH Network Corporation Sprint Corporation Ericsson Syniverse TechnoloGies, Inc GuanGdonG OPPO Mobile Telecommunications Corp.,Ltd.
    [Show full text]
  • Operator Cooperation in South Korea Has Created a Successful Identity
    Operator cooperation in South Korea has created a successful identity solution SK Telecom – South Korea SK Telecom – Operator cooperation in South Korea has created a successful identity solution Operator cooperation in South Korea has created a successful identity solution Contents Overview: driving a mobile identity solution to success 1 Understanding the opportunity 1 The need for inter-operator collaboration 2 Optimising the customer experience 3 Turning identity into a successful and profitable business 4 What is next? International expansion 5 Learnings from the T-Auth team 5 Conclusion 6 Copyright © 2017 GSMA. The Mobile Connect logo, whether registered or unregistered, is a trade mark owned by GSMA. All rights reserved. Edition 1.0 September 2017 SK Telecom – Operator cooperation in South Korea has created a successful identity solution 1 Overview: driving a mobile identity solution to success SK Telecom launched T-Auth in 2005 to enable online content providers to easily verify that their customers were of legal age. SKT is the largest mobile operator in South Korea to offer unified technical and commercial integration. serving 28 million of the country’s 57 million Now adopted by 99% of Korean websites, the resulting subscribers. South Korea is a very digitally advanced cross-operator solution drives revenue for operators of market, ranking #1 in the GSMA’s Global Mobile US$40 million annually. It has also enabled SKT to open Engagement Index1. To ensure broad service provider up new revenue channels by offering innovative value- adoption, SKT and the other Korean operators realised added services based on the existence of a robust that they needed to offer a single solution with full recognised identity.
    [Show full text]
  • Nber Working Paper Series Cables, Sharks and Servers
    NBER WORKING PAPER SERIES CABLES, SHARKS AND SERVERS: TECHNOLOGY AND THE GEOGRAPHY OF THE FOREIGN EXCHANGE MARKET Barry Eichengreen Romain Lafarguette Arnaud Mehl Working Paper 21884 http://www.nber.org/papers/w21884 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 January 2016, Revised April 2021 We are grateful to Mark Aguiar, Pol Antràs, Thorsten Beck, Geert Bekaert, Bruno Biais, Jérôme Busca, Estelle Cantillon, Giancarlo Corsetti, Alexander Duering, Torsten Ehlers, Benoît Geller, Jérôme Héricourt, Jean Imbs, Takatoshi Ito, Amit Khandelwal, Philip Lane, Istvan Mak, Guy- Charles Marhic, Philippe Martin, Martin Uribe, Frank Packer, Hashem Pesaran, Romain Rancière, Andrew Rose, Alan Taylor and Xavier Vives for comments and discussions, as well as to seminar participants at the ECB, Goethe University Frankfurt and USC Dornsife and to participants at the Clausen Center Conference on Global Economic Issues, Berkeley, and to the Cambridge-INET conference on the microstructure of the FX market for comments. We thank Ziqi Li for excellent research assistance. We are also grateful to Denis Pêtre and Philip Wooldridge for providing unpublished Bank for International Settlements data on offshore foreign exchange trading. The views expressed are those of the authors and do not necessarily reflect those of the ECB, the Eurosystem, the IMF, or the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2016 by Barry Eichengreen, Romain Lafarguette, and Arnaud Mehl. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.
    [Show full text]
  • M B Le Vi E R
    Mble Vie Rpr Video a Key Driver of Mobile Market Value Research Methodology: Huawei and its related partners conduct regular observations on market maturity and drivers for mobile video contents. These observations aim to support the strategy making and external market communication of the mobile video industry. All data in this report comes from historical records and future projections, and is verified against internal data from Huawei. User data is collected anonymously before transferred to Huawei engineers. Main sources of data include Strategy Analytics (on macroeconomics, traffic trend, and business model), Huawei mLAB (on consumer behavior survey, service and terminal behavior, user experience research, and actual network capability), as well as other public third-party materials. Huawei MBB engineers are qualified with long-term research experiences. They strive to present the current situation of the drivers for mobile videos both comprehensively and impartially. They try to identify the development trend, and point out latent problems facing the industry. Note that data involved in this analytical report is bound to factors including time period, sample quantity, and level of research. All information provided is for reference only. A Huawei Mobile Video Partner with Insight Report Series June 2016 Executive Summary 02 Mobile Video Dominates Data Traffic 04 2.1 Mature Markets Drive Mobile Video to Dominate Worldwide 05 Mobile Data Traffic 2.2 Mobile Video Evolution: Social, Live Streaming & Immersive 09 Mobile Video as a Basic
    [Show full text]
  • Why 4.5G? Gaining in Popularity
    Voices from Industry 07/2016 Issue 25 Keeping a close eye on AI Trust and transparency the Indosat way Connect where it counts Stacking up the gains with OpenStack L-shaped telcos in an evolving digital world Scan for mobile reading Hear what operators want to share in person, see how peers succeed in a fierce marketplace, Clouds, intelligence, and the future and delve into their secrets to success. At WinWin, it’s all about success. Despite the global economic downturn, new sources of global economic momentum are emerging. The Fourth Industrial Revolution – digitization, Sponsor Corporate Communications Dept. Internetization, and autonomous AI – is already underway.The integrated Huawei Technologies Co., Ltd. circuit is transitioning from silicon to graphene, 4G is underpinning mobile Consultants communications and the shift to 5G will happen soon, and the sharing economy Eric Xu, Ken Hu, Guo Ping, Chen Lifang based on mobile Internet is flourishing. William Xu, Kevin Zhang WEF Executive Chairman Klaus Schwab asserts that the Fourth Industrial Editor-in-Chief Revolution is far more profound than the previous three, because it’s fusing Sally Gao ([email protected]) emerging technologies. This is blurring the boundary between the physical, Editors digital, and biological worlds and transforming production, management, and Linda Xu, Julia Yao, Gary Maidment governance systems in nearly every industry in every country. Mi Xueping, Xue Hua, Cao Zhihui Pan Tao, Chen Yuhong For enterprises, the acceleration of innovation and pace of disruption Art Editor are difficult to comprehend, and are having a major impact on customer Zhou Shumin expectations, product optimization, collaborative innovation, and Contributors organizational structures.
    [Show full text]
  • UIPRE Recommendation PTC 2019 Full Company Attendance 2018 25
    UIPRE recommendation: Invitation & Program – 2019 https://www.ptc.org/ptc19/ Attend PTC Academy • Council • Events • Community • Resources • Join • Contact • European Cooperative Council for Media and Press Consulting UNION INTERNATIONALE DE https://www.ptc.org/ptc18/ptc18-full-company-attendance/ LA PRESSE ELECTRONIQUE Hegnacher Str. 30 71336 Waiblingen Germany www.uipre-internationalpress.org [email protected] phone 0049 (0) 7151 22206 fax 0049 (0) 7151 23338 • PTC’18 • LEARN • NETWORK • MEDIA CENTER • INNOVATION AWARDS PTC’18 – Full Company Attendance 21–24 JANUARY 2018 | HONOLULU, HI UIPRE (Union Internationale Presse Electronique), Waiblingen, Genf (R. D.) PTC’18 celebrated the 40th Anniversary of PTC’s annual conference, opening a new decade of connections. Over 7,600+ members and industry attendees joined together in Honolulu, Hawaii from 21-24 January 2018 to share and explore the critical transformational shifts of the next four years, and the next forty years. @hub Corp 1025Connect, LLC 10x People 1547 Critical Systems Realty, LLC 1st Point Communications 212 Communications 26FIVE TECH LAB 3C Systems Company 6connect AARNet ABS Global Ltd. ACC Law Group ACMA Consulting ACN Active Watch Security Addrex ADTRAN Inc. ADVA Optical Networking AEC Advisory AINEO Networks AirTrunk Akamai Technologies Akton d.o.o. Alaris Labs Alaska Communications Alaska Directional, LLC Aligned Energy, LLC All Access Telecom, Inc. AlohaNAP ALT Telecom Public Company Limited Amalgamated Telecom Holdings Kiribati Limited Amazon American Dark Fiber, LLC American Registry for Internet Numbers (ARIN) American Samoa Telecommunications Authority AMS-IX Anglia Ruskin University Angola Cables, SA ANI Networks Apelby Communications Apple Application Technology Strategy, LLC APTelecom AQEST Aqua Comms Arbor Networks Arianespace ASCTA Asia-Pacific Electronic Media Communications, LLC Asian Development Bank AsiaSat ASTCA Astranis Space Technologies Corp.
    [Show full text]