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Telecommunications
SEEKING ALPHA: The nations in search of a quantum leap
If you want to pinpoint the precise moment quantum technology shifted from a theoretical curiosity for physicists to a strategic asset for nations, the latest data from the OECD provides a definitive update. Released last week, the OECD's An Overview of National Strategies and Policies for Quantum Technologies presents data that contrasts sharply with industry marketing. Governments across the world have committed an eye-whopping US$55.7 billion (A$88 billion) to the sector, a figure confirming public funding has now overtaken private venture capital as the primary driver of the growing tech sector. As of late 2025, the OECD notes that 18 countries have formalised national quantum strategies, indicating a shift from broad scientific research grants to targeted "mission-oriented" policies designed to secure specific industrial capabilities.Credit: OECDThe OECD report highlights a concentration of resources that creates a distinct "quantum divide" between nations with the capital to compete and those without.Seeking alphaIn the United States, the Department of Energy (DOE) announced $625 million in new funding on November 4, specifically for National Quantum Information Science Research Centers. This allocation is part o
Telecommunications
Nvidia invests US$1bn in Nokia for AI and 6G push
Nvidia will invest US$1 billion (A$1.53 billion) for a 2.9% stake in Nokia as part of a strategic partnership targeting AI-native mobile networks and 6G infrastructure, the Finnish telecommunications equipment maker announced Tuesday. The collaboration positions Nokia's AI-RAN (Radio Access Network) products on Nvidia's platforms, enabling mobile operators to deploy 5G-Advanced and 6G networks. The RAN market is expected to top a cumulative $200 billion by 2030, according to analyst firm Omdia. News of the strategic partnership sent Nokia shares surging 20.86% - their highest level since January 2016.Strategic infrastructure playThe partnership centres on Nvidia's newly introduced Aerial RAN Computer Pro (ARC-Pro), a 6G-ready platform combining connectivity, computing and sensing capabilities. The platform allows telecommunications providers to transition from 5G-Advanced to 6G through software upgrades. Nokia will expand its global RAN portfolio by embedding the ARC-Pro platform into new AI-RAN solutions, with Dell Technologies providing PowerEdge servers to power the infrastructure. “Built on NVIDIA CUDA and AI, AI-RAN will revolutionise telecommunications - a generational platform shift that empowers the Unite
Telecommunications
T-Mobile delivers positive growth in its third quarter
T-Mobile recorded higher revenue growth as it continues to add customers. Postpaid net customer additions surged by 2.3 million, and it also reported the highest amount of Q3 postpaid phone net customer additions in over a decade at 1 million. This contributed to its 12% year-over-year postpaid service revenue growth of US$14.9 billion, marking the best in industry growth according to the company. T-Mobile also said it achieved the best in industry growth for overall services revenues, with a rise of 9% to US$18.2 billion. It also recorded a strong net income of US$2.7 billion and diluted earnings per share of US$2.41. Core Adjusted EBITDA also rose to US$8.7 billion, marking a 6% growth from the same time last year. The company was also recognised by Opensignal as the 5G Global Winner in 5G Coverage Experience and Global Leader in 5G reliability. The new iPhone 17 is also the fastest on the T-Mobile network, with median overall download speeds nearly 90% faster than one benchmark competitor. T-Mobile incoming CEO Srini Gopalan said this has helped drive customer growth. “Q3 once again proves that our differentiated strategy is working — more and more consumers recognise our industry-leading network and
Telecommunications
AT&T sticks to guidance after flat Q3 result
Telecommunications giant AT&T maintained its full year financial guidance after announcing a flat adjusted operating profit for the third quarter of the 2025 financial year (Q3 FY25). The American company said net income in the three months ended 30 September was $9.7 billion, which included a $5.5 billion gain on the sale of its remaining DIRECTV investment, versus $0.1 billion in the previous corresponding period (pcp), which included a $4.4 billion non-cash goodwill impairment. When adjusted for certain items, adjusted operating income rose 1.5% to $6.6 billion on revenue, which edged up by 1.6% to $30.7 billion as higher Mobility, Consumer Wireline and Mexico income was partially offset by a decline in Business Wireline income. AT&T said diluted earnings per share (EPS) were $1.29 versus a three-cent loss in the pcp, but when adjusted for the gain on the 70% DIRECTV sale, legal settlement costs and other items, they were consistent with the pcp at 54 cents. Source: AT&TThe Dallas-based company said the strong third-quarter results demonstrated continued customer demand for its wireless and fibre offerings and positioned it to deliver on its full-year consolidated financial outlook. The company reiterated its FY25,
Telecommunications
Internet services disrupted amid Red Sea cable cuts
Internet connectivity in parts of the Middle East and Asia has been affected by subsea cable outages in the Red Sea, according to internet monitoring group Netblocks. One of the world’s biggest computing platforms, Microsoft Azure, has also been impacted by the outage. “We do expect higher latency on some traffic that previously traversed through the Middle East,” Microsoft said in an update. “Network traffic that does not traverse through the Middle East is not impacted.” Microsoft has not explained the extent of the damage but said it had been able to reroute traffic through other paths. There have been concerns that the cables could be targeted by Yemen’s Houthi rebels, in an effort to put pressure on Israel to end its war on Hamas in the Gaza Strip. However, the Houthis have denied attacking the cables in the past. Pakistan and India are among the affected countries, with the Pakistan Telecommunications Company saying the cuts occurred in the waters near the Saudi city of Jeddah, and the internet could be down during peak hours.

Telecommunications
Telstra and Infosys join forces via digital business
Telecommunications giant Telstra has formed a strategic partnership with technology consulting business Infosys through the sale of 75% of digital transformation company Versent Group for A$233 million (US$152 million). The company said the partnership was part of Telstra’s Connected Future 30 strategy to focus on core connectivity and consistent with the reset of its Enterprise business. The sale to Infosys, which consists of an $175 million up-front payment and deferred payments subject to performance and other conditions, is expected to be completed before the end of March 2026. It is not expected to result in a material gain or loss for Telstra, based on the carrying value of the Versent Group, which had revenue in the 2025 financial year of $397 million, subject to final adjustments. CEO Vicki Brady said the partnership reflected Telstra’s confidence in the value the two companies could unlock together. “Their global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group’s growth and impact across the region,” Brady said in a ASX announcement. Versent Group, which is the integration of Versent, Epicon, Telstra Purple Digital2 and as
Telecommunications
Telstra rings up FY25 profit, forecasts more growth
Telstra has announced 31% increase in net profit after tax to A$2.343 billion (US$1.528 billion) for the 2025 financial year (FY25). Australia’s largest telecommunications company said the lift in profit was struck on a 0.9% lift in revenue and other income to $23.61 billion in the 12 months to 30 June 2025. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 14.3% to $8.607 billion. Directors declared a final fully franked dividend of 9.5 cents per share to be paid on 25 September to shareholders registered on 28 August, bringing the FY25 dividend to a fully franked 19 cents per share, compared with 18 cents in FY24. CEO Vicki Brady said FY25 was a strong year for Telstra as it continued to deliver for customers and shareholders. “We delivered our fourth consecutive year of underlying growth, reflecting momentum across our business, strong cost control and disciplined capital management,” Brady said in an ASX announcement. Reported growth was stronger than underlying growth because of significant one-off net costs of $715 million in the prior year, mostly related to impairments and restructuring associated with the reset of its Telstra Enterprise business. “Our underlying growth more ac
Telecommunications
AT&T exceeds expectations in Q2 earnings
Telecom company AT&T has reported better than expected results in its second quarter earnings. The company's earnings were 54 cents on an adjusted basis, compared to 51 cents a year ago and beating analysts' expectations of 53 cents. Its revenue also grew 3.5% year on year to US$30.8 billion, once again beating expectations of US$30.46 billion. AT&T chairman and CEO John Stankey attributes this to a growing network of locations and customers. The company’s mobility service revenue also grew by 3.5% year-on-year to US$16.9 billion. “Customers are increasingly choosing AT&T because we have the best technology and options for wireless and broadband connectivity, backed by the AT&T Guarantee,” he said. “The milestones achieved this quarter – from passing more than 30 million customer locations with fibre and eclipsing 1 million total AT&T Internet Air customers, to our agreement to acquire substantially all of Lumen’s Mass Markets fibre business - strengthen the industry's best and leading connectivity portfolio.” AT&T welcomed 401,000 postpaid wireless phone customers this quarter, which is lower than the 419,000 subscribers it added last year. In the earnings report, the company revealed that it expects to re
Telecommunications
T-Mobile beats Q2 estimates, raises outlook
T-Mobile US climbed in after-hours trade as the wireless carrier delivered stronger-than-expected second-quarter results and raised its full-year outlook for customer growth, buoyed by record postpaid additions. The telecom giant reported adjusted earnings of $2.84 per share on revenue of US$21.13 billion, surpassing market expectations of $2.68 per share and $21.04 billion, respectively. That compares to earnings of $2.49 per share and revenue of $19.77 billion in the same quarter last year. “T-Mobile crushed our own growth records with the best-ever total postpaid and postpaid phone nets in a Q2 in our history,” said CEO Mike Sievert. The company added 1.77 million net postpaid customers in the quarter, well ahead of analysts’ estimates of 1.35 million. Postpaid phone customer additions reached 830,000 - up from 777,000 a year ago and exceeding expectations for 704,500. Postpaid churn, a key telecom metric tracking customer attrition, came in at 0.9%, in line with forecasts. “T-Mobile is now America's Best Network,” Sievert added. “When you combine that with the incredible value that we have always been famous for, it should surprise no one that customers are switching to the Un-carrier at a record pace.