Latest news with #NaaS
Time of India
27-05-2025
- Business
- Time of India
BSNL posts net profit of ₹280 crore in Q4FY25, reduces loss
NEW DELHI: State-controlled Bharat Sanchar Nigam Limited ( BSNL ) on Tuesday posted a profit after tax (PAT) of ₹280 crore in Q4FY25, up from ₹262 crore in Q3FY25, boosted by its nationwide roll-out of commercial fourth-generation (4G) services and 5G Network-as-a-Service (NaaS) initiatives. BSNL had posted a net loss of ₹849 crore in the fiscal fourth quarter that ended March 31, 2024. For the entire FY25, BSNL's loss reduced by 58% to ₹2,247 crore, compared to a loss of ₹5,370 crore in FY24. 'The outlook for the coming year will continue to show strong top-line revenue growth alongside a steady decline in operating costs—both critical to sustained profitability,' the telecom PSU said in its earnings statement. However, it cautioned that in the near term, higher depreciation and amortisation arising from recent spectrum acquisitions and heavy capital expenditure (capex) arising from further 4G and 5G network investments, and upgradation of core infrastructure and aging backhaul fibres, will weigh on quarterly results despite 'solid fundamentals'. 'Although profit after tax may be subdued next fiscal year because of the sizeable capex and spectrum infusion, these investments are expected to spur accelerated growth and profitability thereafter,' BSNL said, adding that the ongoing asset monetisation efforts will generate further funds that can be reinvested to further strengthen the company's capital program. BSNL almost doubled its asset monetisation in FY25, as per the statement. Its revenue from asset monetisation stood at ₹1,120 crore, an increase of 77% year-on-year. BSNL's operating income increased by 7.8% year-on-year to ₹20,841 crore in FY25, while the total income surged by 10% year-on-year to ₹23,427 crore. The growth from all core revenue segments increased when compared to the last fiscal year. The public sector telecom carrier's mobility revenue in FY25 was up by 6% year-on-year to ₹7,499 crore, fibre-to-the-home (FTTH) revenue grew by 10% year-on-year to ₹2,923 crore, and leased lines (including enterprise) revenue grew by 3.5% year-on-year to ₹4,096 crore. BSNL's earnings before interest, taxes, depreciation and amortisation (Ebitda) grew from ₹2,164 crore in FY24 to ₹5,396 crore in FY25. The telco's 27 telecom circles turned Ebitda-positive in FY25, compared to 17 circles in FY24 '27 circles turned EBITDA-positive in FY25 (only 17 circles last year – FY24). 10 circles turned PAT-positive in FY-25 (only 3 circles last year-FY-24),' BSNL said. BSNL added assets worth ₹26,022 crore in FY25, comprising ₹15,324 crore worth of equipment/towers, and others, and ₹10,698 crore of spectrum, the larges in the company's history, mainline led by 4G rollout and fibre footprint expansion. 'The sharp turnaround is testimony to professional management, government support and relentless focus on both the top line and the bottom line. BSNL is not just being revived, but redefined,' said Robert J Ravi, CMD, BSNL. 'With disciplined cost control and accelerated 4G/5G deployment, we are confident of sustaining this growth trajectory and delivering affordable, high-quality connectivity to every Indian. We will not be chasing profits as our end goal,' Ravi added.
Mid East Info
21-05-2025
- Business
- Mid East Info
Hewlett Packard Enterprise Enhances Cloud-Based Security and Deployment Flexibility with AI-Powered Solutions in the Middle East
Media Alert Hewlett Packard Enterprise Enhances Cloud-Based Security and Deployment Flexibility with AI-Powered Solutions in the Middle East Hewlett Packard Enterprise (HPE) has announced significant advancements in its cloud-based security and network management offerings, introducing expanded deployment options and enhanced security features to meet the evolving needs of enterprises and government entities. 'Organizations are increasingly prioritizing data sovereignty, requiring regional and local presence for mission-critical IT solutions. HPE addresses these challenges with unprecedented network management deployment flexibility. Combined with innovations in AI, security, and connectivity, HPE Aruba Networking Central offers powerful network management to help organisations meet security, privacy, and control requirements,' said Jacob Chacko, Regional Director for the Middle East & Africa at HPE Aruba Networking. 'Simultaneously, with the rise of data-fuelled AI applications, organizations face more sophisticated threats to data storage, capture, or transmission. HPE's security solutions deliver advanced Expanded Deployment Options for HPE Aruba Networking Central HPE Aruba Networking Central, HPE's security-first, AI-powered network management solution, now offers four distinct deployment options: cloud-delivered SaaS, Virtual Private Cloud (VPC), on-premises, and Network-as-a-Service (NaaS). With this expansion, HPE now provides the widest set of advanced network management capabilities available in the industry, giving organizations greater flexibility and allowing them to choose the deployment model that best aligns with their data sovereignty, security, and compliance requirements. The new VPC deployment option allows customers to operate HPE Aruba Networking Central within a dedicated, secure cloud environment, ensuring data control and regulatory compliance. Additionally, the on-premises deployment option supports air-gapped environments, providing enterprise efficiency for emerging use cases such as AI data capture, training, and inferencing while meeting government-level security requirement. Enhanced Security Features with Zero Trust Networking HPE Aruba Networking and HPE GreenLake cloud are expanding to help enterprises modernize secure connectivity and hybrid cloud operations by blending multi-layered and zero trust approaches to protect against threats. These new expansions include new cloud-based access control security capabilities of HPE Aruba Networking Central, new differentiated threat-adaptive and Digital Operations Resilience Act (DORA) compliant security through HPE Private Cloud Enterprise, and new cybersecurity services that optimize the design and implementation of security strategies for sovereign clouds and AI. AI-Powered Automation and Observability The latest updates to HPE Aruba Networking Central also include an always-on, automated network AIOps capability that continuously monitors critical wired and wireless network operations to optimize network operations and detect performance issues. A fabric of AI assistants acts as network architects, monitoring and gathering data, providing diagnostics and recommendations to extend existing capacity and performance, close security gaps, and identify configuration errors before they impact network operations. For more details on these expansions, read the full press releases:
Yahoo
20-05-2025
- Business
- Yahoo
Lumen Surges 30% in a Month: Where Will the Stock Head From Here?
Lumen Technologies, Inc.'s LUMN shares have surged 29.6% in the past month, outpacing the S&P 500 composite and Diversified Communications Services sector's growth of 15.4% and 6.3%, respectively. Lumen also outperformed some of its peers, such as Verizon Communications VZ, AT&T T, and T-Mobile US, Inc. TMUS. Verizon and AT&T have registered gains of 3.2% and 6.4% respectively, while T-Mobile has lost 3.7% over the same time frame. Image Source: Zacks Investment Research Closing at $3.98 as of yesterday's trading session, LUMN stock is currently trading way below its 52-week high of $10.33. With a significant pullback, investors are likely to contemplate the stock's growth trajectory. Will the company's efforts to capitalize on the fiber opportunity bear fruit and propel the stock upwards? Should investors stay invested or make an exit? Let us analyze the stock in detail to ascertain if it is worth investment consideration. Increasing demand for Lumen's Private Connectivity Fabric ('PCF') solutions amid rapid AI proliferation is emerging as an encouraging development. Lumen has secured a total of $8.5 billion in PCF deals in 2024. As AI needs surge, large companies across various industries are urgently seeking fiber capacity, which is becoming highly valuable and potentially scarce. Lumen has inked deals with various tech giants like Microsoft, Amazon, Google Cloud and Meta Platforms to provide the network capabilities for AI innovation. On the last earnings call, Lumen added that it continues to see overall PCF demand for both large deal CST levels and at the smaller enterprise deal level. Increasing demand for Lumen services, particularly for Waves and IP in its large enterprise and mid-market segments, remains a highlight. Investments in PCF are expected to create revenue streams and strengthen Lumen's position as a relevant infrastructure player going ahead. The company also remains focused on 'cloudifying' telecom and driving the adoption of its network-as-a-service (NaaS) solutions. Lumen's strong network capabilities, integrated hosting and network solutions are likely to promote growth in the cloud business. Its managed and cloud services are key differentiators from other players in the market. Lumen highlighted that it has more than 500 customers currently using NaaS services in 2024. Some of its NaaS solutions with private connections include Lumen Ethernet On-Demand and Lumen IP-VPN (Internet Protocol Virtual Private Network) On-Demand. These solutions are designed to provide users with private cloud connections and augmented data safety and security. Lumen has introduced the Lumen Cloud Communications platform, a next-gen unified communications solution to gain a larger share of a $47 billion and growing cloud voice total addressable market. Lumen Technologies, Inc. price-consensus-eps-surprise-chart | Lumen Technologies, Inc. Quote Lumen continues to progress with its turnaround and is striving to boost operational efficiency. The company is anticipating $1 billion in cost savings by the end of 2027 through planned infrastructure simplification across the network, product portfolio and IT. It is looking to integrate the network across all four different architectures by engineering them into one simplified, standardized network fabric. This integration will also aid in product portfolio simplification. It has also been leveraging AI tech to drive intelligence and automation. Management expects to significantly reduce the product count from thousands of product codes to a target of nearly 300. In the current year, it expects more than 250 million of run-rate cost benefit. From a valuation perspective, LUMN is trading at a massive discount. Going by its trailing 12-month price-to-sales ratio, LUMN is trading at a multiple of 0.3, much below the Technology Services industry's ratio of 1.47. Image Source: Zacks Investment Research In comparison, Verizon, AT&T and T-Mobile are trading at multiples of 1.38, 1.65 and 3.38 of compared with the Wireless National Industry's multiple of 2.35. Lumen continues to witness weakness in the legacy business. In the first quarter of 2025, Lumen's total revenues declined 3.3% year over year to $3,182 million. As Lumen shifts toward newer growth products like fiber and cloud-based offerings, the secular headwinds in the legacy business will continue to prove a strain on the top-line expansion at least in the near term. For 2025, Lumen continues to expect adjusted EBITDA in the band of $3.2-$3.4 billion and capital expenditures to be between $4.1 billion and $4.3 billion. EBITDA in 2025 is expected to be below the levels of 2024, owing to the investments in transformation, along with higher startup costs for PCF sales and legacy revenue declines. Lumen expects EBITDA to significantly rebound in 2026 and be more than $3.5 billion. It also anticipates that the metric will register growth thereafter. Free cash flow is expected to be between $700 million and $900 million. Management added that free cash flow would be lumpy from quarter to quarter as it moves through the PCF builds. Lumen has a very debt-heavy balance sheet. As of March 31, 2024, the company had $1.9 billion in cash and cash equivalents with $17.334 billion of long-term debt compared with the respective figures of $1.889 billion and $17.494 billion as of Dec. 31, 2024. Moreover, focus on AI and cloudifying telecom is a positive, but these markets are rife with heavy competition, which could be a serious impediment to the top-line expansion for Lumen. Analysts remain bearish as reflected in the downward estimate revision for the current year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research Lumen is navigating a transformative period, aligning itself with the massive growth of AI, cloud computing and digital-telecom services. Increasing PCF demand and deals with tech giants are creating a strong foundation for growth. Expansion into NaaS markets is an additional tailwind. Extensive cost cuts and discounted valuation make LUMN a compelling investment opportunity. However, near-term pressure from legacy business decline, heavy debt load and competitive risks remains concerning. While long-term prospects are promising, execution risks persist. Given the mixed picture, it might not be a prudent investment decision to bet on the stock at the moment, which carries a Zacks Rank #3 (Hold). For long term investors, staying invested seems prudent as long term prospects remain intact. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AT&T Inc. (T) : Free Stock Analysis Report Verizon Communications Inc. (VZ) : Free Stock Analysis Report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report Lumen Technologies, Inc. (LUMN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wamda
19-05-2025
- Business
- Wamda
Wa'ed Ventures co-leads $19 million Investment in Graphiant
Aramco's Wa'ed Ventures has co-led a $19 million Series B extension in US-based Graphiant, alongside stc Group's Tali Ventures, as part of a broader $102 million Series B round. Other participants in the round include Sequoia Capital, Two Bear Capital, and IAG Capital Partners. Graphiant, founded in 2020 by Khalid Raza, delivers a next-generation Network-as-a-Service (NaaS) platform that enables secure, high-performance enterprise connectivity across hybrid and multi-cloud environments. As part of the agreement, Graphiant will establish its regional headquarters in Riyadh, supporting Saudi Arabia's vision to become a global hub for emerging technologies. Press release: Graphiant, a leading US-based Network-as-a-Service (NaaS) provider, announces closing its $19 million extension round co-led by Wa'ed Ventures, the $500 million VC fund wholly owned by Aramco, and Tali Ventures, the corporate venture capital arm of stc Group. This strategic investment is an extension of Graphiant's $102 million Series B round, which included participation from Sequoia Capital, Two Bear Capital, and IAG Capital Partners. Graphiant is redefining connectivity by delivering a next-generation, cloud-native platform that transforms data networks for AI to meet security challenges while providing improved reliability. With over 13 patents, the company has already deployed its platform with global enterprises including Sony Pictures and Valmont. As part of the investment agreement, Graphiant will establish a regional headquarters in Riyadh, further strengthening the Kingdom's position as a hub for emerging technology. The move aligns with Wa'ed's strategy for localising global technology pioneers and reflects the fund's commitment to supporting advanced digital infrastructure and AI technologies with a strong potential for localisation and scalability in the Kingdom. "By enabling enterprises to deploy secure, high-performance connectivity across multi-cloud and hybrid environments, Graphiant is solving foundational challenges for digital transformation. We are excited to back their expansion into the Kingdom as a strategic partner and look forward to supporting Khalid on his journey to bring world-class digital infrastructure closer to Saudi businesses," said Anas Algahtani, Acting Chief Executive Officer at Wa'ed Ventures. Founded by Khalid Raza, a recognised pioneer in network innovation, Graphiant delivers a cutting-edge approach to building resilient, secure, scalable, and high-performance enterprise networks. Prior to Graphiant, Raza founded Viptela, the first software-defined WAN networking, which was acquired by CISCO in 2017. 'Saudi Arabia is rapidly becoming a global epicentre for innovation,' said Khalid Raza, CEO of Graphiant. 'The strategic partnership with Tali Ventures, Wa'ed Ventures, and the broader support of stc Group marks a defining chapter in our journey. Together, we are committed to building the foundation of next-generation digital economies — starting here in the Kingdom.' 'At stc Group, we are committed to driving digital transformation across the region by investing in global innovation and emerging technologies,' said Motaz Alangari, Group Chief Investment Officer, stc. 'Graphiant's groundbreaking approach to enterprise connectivity aligns with our strategic goals to localise advanced digital capabilities, foster technology transfer, and create scalable solutions for the Kingdom's public and private sectors. We are excited to welcome Graphiant to Saudi Arabia and support their journey to redefine how modern networks are built.' The Network-as-a-Service market is expected to reach $92 billion globally by 2030, fueled by surging demand for flexible, AI-ready connectivity solutions Graphiant's platform positions it at the forefront of this transformation.
Yahoo
08-05-2025
- Automotive
- Yahoo
NaaS Recognized with 2025 Sustainable Consumer Engagement Award, the Sole Recipient in EV Charging Service Sector
BEIJING, May 8, 2025 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced that it has received the 2025 Sustainable Consumer Engagement Award from the British Chamber of Commerce Shanghai. NaaS is the only EV charging service company to be honored in this category, underscoring its leadership in advancing sustainable consumption practices and strengthening its Environmental, Social, and Governance (ESG) performance. The award was presented at the 2025 Sustainable Development & Innovation Awards Ceremony, hosted by the British Chamber of Commerce Shanghai. As one of the most influential sustainability recognition programs in China, the awards honor companies that have demonstrated exemplary environmental impact and commercial innovation in Chinese market. The finalists include renowned enterprises such as Xiaomi, Ant Digital Technologies, Siemens, KPMG, and AstraZeneca. The Sustainable Consumer Engagement Award highlights organizations that have established impactful, innovative models in green consumption and sustainability over the past 18 months. Evaluation criteria include the development of comprehensive green product and service portfolios, low-carbon marketing systems, and the effectiveness of sustainability communications. Special focus is placed on how companies influence consumer awareness and promote environmentally conscious purchasing behavior. Yubo Zhai, General Manager of Sustainability at NaaS, remarked, "This award reaffirms the strong recognition NaaS continues to receive for our ESG initiatives. Earlier this year, NaaS was ranked first in China's retail industry and seventh globally in S&P Global's 2024 Corporate Sustainability Assessment (CSA), scoring 72 points and placing us in the top 1% of global retail companies." In 2024, NaaS unveiled the upgraded ESG strategy, introducing the innovative GREEN strategy which is anchored on five key pillars: Governance, Reinvention, Eco-consciousness, Empathy, and Nurture. This holistic framework supports full-life cycle ESG management across all business segments, including end-consumer engagement. As a leading new energy asset operation service provider in China, NaaS harnesses AI technologies to efficiently match EV charging supply and demand, delivering a smart, seamless, and user-friendly charging experience for EV owners. At the same time, the Company empowers charging station operators, by improving operational efficiency and enhancing profitability. As of September 30, 2024, NaaS had connected over 96,000 charging stations and 1.146 million chargers, laying the foundation for a deeply integrated, digital, and low-carbon service ecosystem. About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company is one of the leading providers of new energy asset operation services. The Company utilizes advanced technology to intelligently match charging supply with demand, offering electric vehicle users a seamless, efficient, and smart charging experience. Furthermore, NaaS empowers charging stations and charging station operators to optimize their operations, driving greater efficiency and enhancing profitability. Safe Harbor Statement This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS' goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China's EV charging industry and EV charging service industry and NaaS' future business development; demand for and market acceptance of NaaS' products and services; NaaS' ability to protect and enforce its intellectual property rights; NaaS' ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS' operation, fluctuations of the RMB exchange rate, and NaaS' ability to obtain adequate financing for its planned capital expenditure requirements; NaaS' relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS' filings with the SEC. For investor and media inquiries, please contact: Investor RelationsNaaS Technology Inc.E-mail: ir@ Media inquiries:E-mail: pr@ View original content: SOURCE NaaS Technology Inc.
