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Summary
- Telecom sectors witnessed unprecedented demands during the pandemic, and they are upgrading their systems to meet these demands.
- The upgradation and development in the telecommunication sector continued despite the pandemic challenges.
The disruptive pandemic time has been extremely challenging for the country, where the US is perhaps going through its most unstable time in terms of health and economy. Many sectors like hospitality, travel, and on-store retail stumbled during the onset of the pandemic due to the sudden decline in the demand. On the contrary, the technology sectors saw substantial growth opportunities due to sudden, unprecedented surge in demand.
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Telecom sectors had an additional responsibility to make the world functional during lockdowns and still amid the prolonged crisis where many are working from homes and taking Covid-19 preventive measures. The increased network demand also put the challenges of meeting the expectations. The telecom companies took many steps to facilitate the shift to digitalisation. These include using 5G to support customers, increasing network bandwidth, and leveraging digital technologies.
On this background, let's discuss three US telecom companies.
Consolidated Communications registers as Data Privacy Day Champion
Everyone in this digital period is concerned about how companies are using their personal data. As per the Pew Research Center study, 79% of adults have shown such concerns in the US.
Amid the digital era, all organisations are dependent on the digital tools to remain functional, and they want the best of data privacy. Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) in January this year showed its commitment to data privacy by registering as the Champion of the Data Privacy Day campaign, a global effort regard and it started in January 2008. This year it was scheduled on 28 January 2021. The campaign aimed at creating awareness of data privacy importance. It reminded businesses that privacy is good for the business and educated people on easy tips to follow to safeguard their personal information.
About Consolidated Communications: The leading telecommunication services provider leveraging an advanced fiber network and serving the metro and rural communities and a 23-state service area. The company is among the 10 top fiber providers in the US and offers various communications solutions, including cloud services and high-speed internet data and other related services.
Alaska upgrades subsea fiber to boost capacity by five times
On 17 November last year, Alaska Communications (NASDAQ:ALSK) announced crucial network upgrades to its subsea fiber line. The upgrades raised the capacity by over five times. The company could achieve this against all odds due to the pandemic. The engineers and networking team executed these upgrades to provide fast broadband and IT services to customers.
When the country is battling a tough fight with the relentless virus, these upgradation means more capacity for critical requirements of telehealth and online education.
Q3 2020 highlights
- Alaska reported total revenue growth of 2.3% year over year.
- Net income of USD 2.3 million
- Adjusted EBITDA of USD 16.6 million
- Improved guidance for 2020 full year with Adjusted Free Cash Flow to USD 14 million to USD 16 million
Verizon Media alliance with Formula E Champions DS TECHEETAH
When the electric motorsport and the telecom space join hand, the end result will be exciting. In one such multi-year strategic partnership, Verizon Media has partnered with Formula E Champions, DS TECHEETAH. The partnership will see Verizon's global brand Yahoo featuring on the livery of DS E-TENSE FE20 and also across the motorsport Formula E team ecosystem.
What the association will bring to the table: The Yahoo brand will grow its brand value in the exciting electric motorsport world. The DS TECHEETAH's incredible growth, coupled with the successful track record and sustainable platform, will be catalysts in driving Yahoo's brand value. Yahoo's commitment to driving the world forward with innovative and sustainable technology perfectly fits this association.
