Core Viewpoint - The Indian government is emphasizing the urgency of achieving self-sufficiency in the telecommunications sector amid deteriorating relations with the U.S. [1][5] Group 1: Government Policy - The Indian Ministry of Telecommunications (DoT) has requested major private operators Reliance Jio, Bharti Airtel, and Vodafone Idea to submit a roadmap for increasing the use of domestically manufactured equipment [1] - If the operators do not comply voluntarily, the government may issue mandatory directives to enforce compliance within a specified timeframe [1] - The policy aims to impact foreign telecom equipment manufacturers such as Cisco, Nokia, Ericsson, and Samsung [1] Group 2: Industry Response - The three major operators have tentatively agreed to the DoT's request but have stipulated that domestic products must be competitively priced and of comparable quality to foreign products [1][2] - Currently, the use of domestic products by these operators is very limited, primarily due to insufficient production capacity from local manufacturers [6] - Vodafone Idea and Bharti Airtel have been sourcing equipment from Indian companies like Sterlite Technologies and HFCL, but face challenges due to low production volumes [6] Group 3: Geopolitical Context - The new policy comes at a time of heightened geopolitical risks, particularly following the U.S. imposing a 25% tariff on Indian goods, raising the total tariff rate on Indian exports to the U.S. to 50% [5] - There is a growing sentiment in India against U.S. products, with calls for a boycott gaining traction among the public [5] Group 4: Historical Context - This is not the first time the Indian government has pushed for "Make in India" initiatives in the telecom sector, having previously mandated state-owned BSNL to use only domestic equipment, which has led to ongoing difficulties for the company [6] - Experts warn that if private operators are held to the same standards as state-owned BSNL, the entire telecom industry could face significant challenges [6]

有趣的是，印度电信监管局（TRAI）此前曾发起一项提议，对使用国产设备的私营运营商给予牌照费 减免等优惠政策，以推动运营商更多地使用本土产品，但遭印电信部否决。目前，印电信部正在重新审 查这一提议，表明印度政府的态度在短时间内便出现了戏剧性的转变。 分析指出，在美国总统特朗普"关税大棒"的压力之下，印度政府已深刻地意识到了在电信这一关键领域 实现自给自足的紧迫性。 目前，印度三大私营运营商使用的本土产品极为有限，但问题的核心或许并不在于运营商本身。 在近期印美关系急剧恶化的背景下，印度政府已意识到了在电信这一关键领域实现自给自足的紧迫性。 但分析指出，由于其本土产品的质量及产量"捉襟见肘"，印度要在短时间内实现国产设备的大规模覆 盖，仍然面临重重困难。 近日，印度电信部（DoT）在当地电信业投下"震撼弹"——要求印度三大私营运营商Reliance Jio、 Bharti Airtel、Vodafone Idea提交一份"印度国产设备使用路线图"，说明各公司计划如何引入更多印度本 土制造的技术设备。否则，印度政府将直接下达强制性指令，迫使其在规定时间内执行。分析人士指 出，这一政策若全面实施，将对美国思科、芬兰 ...

英特尔在一份声明中表示，其已"开始着手寻找战略投资者"。与Altera的交易类似，英特尔称其计划继 续作为网络业务分拆公司的主要投资者，"以便让我们能够从未来的增长中获益"。爱立信拒绝发表声 明，称其"不评论合作伙伴的业务情况"以及任何传闻和猜测。 智通财经APP获悉，据知情人士透露，瑞典电信设备制造商爱立信(ERIC.US)正与英特尔(INTC.US)就投 资其网络基础设施业务事宜进行谈判，投资金额达数亿美元。这些知情人士表示，此项投资将使爱立信 成为英特尔新分拆出来的网络及边缘业务(即 NEX)的少数股东。该业务长期以来一直为爱立信提供其无 线接入网络硬件所需的芯片。上述人士还称，英特尔已与其他潜在投资者进行了商谈，希望他们能与爱 立信一起投资该业务。该业务生产用于计算机和电信网络的芯片。 爱立信是英特尔的长期客户。近年来，英特尔一直难以跟上台积电(TSM.US)和三星电子等竞争对手的 步伐。前首席执行官帕特·格尔辛格去年因一项耗资巨大的计划(旨在将公司转型为其他企业的芯片制造 商)未能在足够快的时间内取得成效而被公司董事会解职。 此后，英特尔一直在削减成本，并试图出售非核心业务以增强自身财务状况。上周， ...

Group 1 - Nokia has lowered its profit guidance for 2025 due to a weaker dollar and trade tariff issues, now expecting operating profit between €1.6 billion and €2.1 billion, down from a previous forecast of €1.9 billion to €2.4 billion [1] - The adjustment in guidance highlights the impact of the trade war initiated by the Trump administration, affecting supply chains and economic conditions across various industries, particularly for network equipment manufacturers like Nokia and Ericsson [1] - Nokia's stock price fell by 8.2% to €3.77 in Helsinki, marking the largest intraday drop since April 24, while its US shares dropped by 6.11% [1] Group 2 - The company anticipates a loss of approximately €230 million due to currency fluctuations, particularly the dollar exchange rate, and expects tariffs to reduce its annual operating profit by €50 million to €80 million [1] - For the second quarter, Nokia estimates net sales of about €4.55 billion, showing slight growth year-on-year but falling short of analyst expectations of €4.8 billion [2] - Citigroup analyst Andrew Gardiner noted that while market sentiment may be negatively affected, the primary reasons being currency and tariff risks may not be as severe as potential demand or profit issues [2]

由于汇率和关税压力，诺基亚下调业绩预期 金十数据7月23日讯，诺基亚下调了全年营业利润预期，理由是汇率波动和关税带来的不利因素。这家 芬兰电信设备制造商周二表示，目前预计2025年的可比营业利润将在16亿欧元至21亿欧元之间。此前的 预测为19亿欧元至24亿欧元。该公司预计，汇率波动，特别是美元走软，将带来约2.3亿欧元的负面影 响。此外，该公司指出，目前的关税状况预计将使其全年营业利润减少5000万至8000万欧元。同时，该 集团公布了第二季度的初步财报数据，净销售额约为45.5亿欧元，可比营业利润为3亿欧元。 ...