中国移动咪咕作为中国大陆地区FIBA未来4年的数字媒体独家持权转播商，将在咪咕视频、移动高清、 咪视界为广大球迷们开启精彩的国际篮球盛宴。这场中韩之战，北京首钢篮球俱乐部总经理张云松、首 钢男篮队长翟晓川作为嘉宾将联袂带来现场解说。 转自：北京日报客户端 11月28日晚，中国男篮将在北京五棵松体育馆迎来2027篮球世界杯亚大区预选赛的首次亮相，主场迎战 韩国队。 为给广大球迷奉上一场专业与激情并存的解说盛宴，咪咕精心组建了"顶配"解说阵容。本场比赛，篮坛 名嘴杨健将与张云松、翟晓川联袂带来现场解说，以丰富的实战经验与战术洞察，实时拆解赛场上的每 一次战术博弈与关键球员表现，带来"既懂球、更懂人"的深度解读。 据了解，本次比赛所在的五棵松体育馆作为"双奥场馆"与中国篮球的荣耀福地，曾见证无数经典对决， 此番再度承办国际大赛，必将以浓厚的主场氛围为中国男篮注入更强力量。而本赛季这里也将作为北京 首钢男篮征战CBA的主场，张云松、翟晓川两人将在解说席上展现主场优势，并以队友的身份点评周 琦、曾凡博等4位首钢国手的表现。 除了专业的赛事解说，咪咕还将围绕赛事全周期打造丰富的内容矩阵，满足球迷全方位的观赛需求。 来源： ...

Q3 净利同比实现增长，光通信稳中有进 烽火通信(600498) 烽火通信 2025 年三季报点评 电信运营 [Table_Industry] /信息技术 [Table_Invest] [Table_Target] [Table_CurPrice] 本报告导读： FTTR 出货量持续提升，获取多个工信部万兆光网试点；光网络、光宽带等产品在东 南亚、美洲、非洲等市场相继突破，获取较大份额。 投资要点： | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 31,130 | 28,549 | 28,654 | 29,405 | 30,688 | | (+/-)% | 0.7% | -8.3% | 0.4% | 2.6% | 4.4% | | 净利润(归母) | 505 | 703 | 951 | 1,022 | 1,109 | | (+/-)% | 24.4% | 39.0% | 35.4% | 7.4% | 8.5% | | 每股净 ...

其次，这10家省公司多为集团大省公司，发展基础好。这样的省公司拥有高速宽带网络、数据中心等完善的基础设施，能够保障云服务的高效运行。比如粤港澳大湾区、长三角地区等地，数据中 据运营商财经网副总经理康锐表示，中国电信天翼云近年来发展态势良好，已成为国内云服务市场的头部企业，尤其在政务云、专属云等领域占据领先地位，而这一成绩的背后这10家省公司的贡 据了解，对于中国电信云业务收入贡献最大的10家省公司是他们。 运营商财经网 吴碧慧/文 这一名单中，南方省公司占比更多，为8家，北方省公司只有2家，即河北电信和北京电信。 根据营收规模分别是广东电信、上海电信、江苏电信、浙江电信、四川电信、安徽电信、湖南电信、河北电信、北京电信和福建电信。 据知情人士独家透露，在今年前8月中，中国电信天翼云收入已达700多亿元，同比实现正增长，但却鲜少有人知晓中国电信旗下省公司天翼云收入情况如何？对于集团云业务收入的贡献又如何 首先，这10家省公司大多是经济较为发达的地区，比如产业结构以高新技术、金融、互联网等为主，企业数字化转型需求旺盛，为云业务发展提供了广阔的市场空间。 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [5] Core Views - The company has shown a year-on-year increase in net profit for Q3, with a focus on steady progress in optical communication [2][11] - The report highlights a significant growth in FTTR shipments and successful acquisition of multiple pilot projects for 10G optical networks from the Ministry of Industry and Information Technology [2][11] - The company has made substantial inroads into international markets, securing significant market shares in Southeast Asia, the Americas, and Africa for its optical network and broadband products [11] Financial Summary - The projected total revenue for 2025-2027 is estimated at 286.54 billion, 294.05 billion, and 306.88 billion respectively, with corresponding net profits of 9.51 billion, 10.22 billion, and 11.09 billion [11] - For the first three quarters of 2025, the company reported revenue of 170.72 billion, a year-on-year decrease of 19.3%, while net profit reached 5.13 billion, an increase of 30.28% [11] - The gross profit margin for Q3 2025 was reported at 22.79%, reflecting a quarter-on-quarter increase of 2.70 percentage points [11] Market Performance - The current stock price is 22.83 yuan, with a target price set at 27.76 yuan, indicating a potential upside [5][6] - The stock has a market capitalization of 29.418 billion yuan and a price-to-earnings ratio of 58.21 based on the latest diluted share capital [6][12] - The company’s stock has experienced a 52-week price range of 17.21 to 29.88 yuan [6]

前10个月中国5G及千兆宽带用户规模持续扩容 中新社北京11月26日电 (记者 刘育英)记者26日从中国工信部获悉，2025年前10个月中国通信业整体运 行态势平稳，电信业务量和收入保持增长，5G、千兆宽带、物联网等新型业务用户规模持续扩大，移 动互联网接入流量保持较快增长，其中10月户均移动互联网接入流量(DOU)创新高。 数据显示，2025年前10个月电信业务收入与总量实现双增长。前10个月，全国电信业务收入累计完成 14670亿元(人民币，下同)，同比增长0.9%；按上年不变价计算，电信业务总量同比增长9%。 用户层面，千兆宽带与5G用户规模扩容显著。截至10月末，固定互联网宽带接入用户总数达6.97亿户， 其中1000Mbps及以上速率用户达2.38亿户，占比34.1%，较上年末提升3.3个百分点；移动电话用户总数 18.3亿户，5G移动电话用户达11.84亿户，较上年末净增1.7亿户。 业务使用方面，移动互联网流量增势亮眼。前10个月累计流量达3232亿GB，同比增长16.8%；10月当月 户均移动互联网接入流量达22.21GB/户·月，创历史新高，同比增长15.7%。 中国通信基础设施建设稳步推进 ...

据报道，自从2020年开始，在韩国展开运营的奈飞和SK电信就产生了纠纷。双方争论的焦点，是那些 产生高额互联网传输流量的媒体内容提供商，是否应该为使用电信网络承担额外的费用，另外这种针对 特定互联网公司的收费，是否违反了传统的"网络中立原则"，并导致特定的互联网消费群体面临更高的 费用。 这份声明提到，通过签署周一的合作伙伴文件，SK宽带公司和奈飞将结束过去的所有纠纷，未来以伙 伴的身份展开各种合作。 奈飞和SK宽带公司的发言人表示，之前针对对方发起的相关诉讼已经取消。 据报道，此前在韩国，美国网络视频巨头奈飞（Netflix）和本地的电信运营商"SK电信"产生纠纷和诉 讼，原因是SK电信公司认为奈飞给自身的电信网络带来了庞大的互联网视频流量包袱，因此奈飞应该 为网络流量和网络维护成本承担费用，不过在周一，双方宣布已经和解，针对彼此的诉讼也被取消。 "SK宽带公司"和母公司"SK电信"与奈飞共同发布了一份声明，宣布双方达成和解，双方宣布将建立一 种合作伙伴关系，共同开发产品，同时公共部署SK电信公司开发的人工智能技术。 ...

Core Viewpoint - AT&T and Verizon are struggling to find new growth opportunities as their performance stagnates, with their combined market capitalization halved since early 2020, while the S&P 500 has risen significantly [1][2][4]. Group 1: Market Position and Performance - In the early 1980s, AT&T was a leading technology giant with a 5.5% market share in the S&P 500, but now AT&T and Verizon together account for less than 0.7% [2]. - Their combined market capitalization is approximately $250 billion, which is about half of what it was in early 2020 [2]. - Verizon's revenue from mobile and broadband services grew only 1% year-over-year in Q2, while AT&T reported a 2.4% increase [4]. Group 2: Challenges and Competition - The companies face challenges from rising interest rates and liabilities related to outdated lead-covered cables, but many issues stem from their own decisions [4]. - The telecommunications market is saturated, making growth difficult, especially with significant debt burdens [4]. - T-Mobile's merger with Sprint has created a strong competitor offering lower prices, and DISH Network's partnership with Amazon is set to provide mobile services at competitive rates [5]. Group 3: Strategic Decisions - AT&T's past investments, including a $200 billion foray into the media sector, have not yielded expected results and have left the company with a net debt of $130 billion [5]. - Verizon has been more conservative in spending but invested $53 billion in 5G spectrum, which has not yet provided returns as the initial hype has subsided [5]. - Both companies are attempting to protect profit margins by raising prices and cutting costs, including closing retail locations [6]. Group 4: Future Directions - There are limited options for AT&T and Verizon, including protecting profit margins and potentially divesting fixed-line networks to focus on faster-growing wireless broadband [6]. - The trend of bundling services between cable and telecom companies is increasing, which may enhance customer retention and long-term profitability [6].

当地时间周一收盘，美国电话电报公司（AT&T）股价跌近7%，至过去30年来的最低水平。此前有消息 称，该公司在美国各地埋有有毒铅电缆，分析师因此下调了该公司的股票评级。 一份名为《AT&T和 Verizon》的报告显示，几家电信巨头放弃了一个庞大的地下有毒电缆网络，其中大 量电缆可能污染了邻近的土壤和饮用水水源。 最近几天，花旗集团和摩根大通的分析师都下调了对AT&T股票的评级。自上述报告发布以来，该公司 的股价已下跌逾12%，今年迄今已下跌了四分之一。该股在本周一触及了13.68美元的低点，为1993年3 月以来最低点。 Rollins将AT&T股票评级从"买入"下调至"中性"，并将目标价从22美元下调到了16美元。 AT&T暂未对此置评。代表AT&T、Verizon和其他电信公司的游说团体美国电信（U.S． Telecom）表 示，在决定电缆是否被拆除或掩埋时，企业考虑了很多因素，没有证据表明"遗留的铅护套电信电 缆"是"铅接触或造成公共健康问题的主要原因"。 美国电信的一位发言人在一份声明中表示："我们没有看到，监管机构也没有发现证据表明，遗留的铅 护套电信电缆是铅暴露的主要原因，也没有找到它们是导致公 ...

Investment Rating - The report maintains an "Outperform" rating for the company [4][10]. Core Insights - The company is projected to achieve revenues of 6.05 billion RMB, 6.66 billion RMB, and 7.34 billion RMB for the years 2025, 2026, and 2027 respectively, with net profits attributable to shareholders of 2.73 billion RMB, 3.05 billion RMB, and 3.39 billion RMB during the same period [4][10]. - The company has shown steady growth in Q3 2025, with revenues of 1.65 billion RMB, a year-on-year increase of 14.26%, and a quarter-on-quarter increase of 14.11% [11][12]. - The company continues to focus on user needs and product innovation, enhancing smart meeting experiences and developing comprehensive meeting room solutions [12]. Financial Summary - For the first three quarters of 2025, total revenue was 4.30 billion RMB, representing a year-on-year increase of 4.59%, while net profit attributable to shareholders was 1.96 billion RMB, down 5.16% year-on-year [11]. - The gross profit margin for Q3 2025 was reported at 61.96%, a decrease of 3.76 percentage points from the previous quarter [11]. - The company has introduced several new products, including next-generation audio-video conference panels and a new series of business headsets, aimed at enhancing performance across diverse business needs [12].

Core Points - The article promotes a series of events and rewards associated with the "Global Communication Star Movement Day Carnival" taking place from November 26 to 28, highlighting various prizes and activities for participants [1][17]. Group 1: Event Promotion - The "Global Communication Star Movement Day Carnival" is designed to engage users with various activities and rewards [1][17]. - Users with over 10 years of mobile service can participate in a lottery with two chances to win [4][6]. Group 2: Rewards and Offers - Participants can choose from a selection of rewards, including music and video streaming subscriptions, discount vouchers, and other perks [6][8]. - There are incentives for inviting new customers, where existing users can receive additional rewards for successful referrals [7][8]. Group 3: Technology and Services - The article highlights the benefits of using China Mobile's cloud services, including AI-driven features for improved efficiency and organization [9][10]. - Global Communication users are encouraged to experience the advanced capabilities of the cloud platform, enhancing their digital lifestyle [9][10]. Group 4: Cultural Events - The article mentions an upcoming theatrical performance titled "Duan Jin," featuring well-known actors, scheduled for December 13, 2025, at the Guangzhou Grand Theatre [12][14]. - The event is part of the broader cultural engagement strategy by China Mobile to connect with customers through arts and entertainment [12][14].