SmarTone expects 30% FY profit drop on declining roaming revenues ⋆

SmarTone 4-Day Multi-Day Roaming Data Pack

SmarTone expects 30% FY profit drop on declining roaming revenues

Hong Kong operator SmarTone has announced it expects to see a “substantial decline” in roaming profit of around 30 percent for the year ending 30 June 2020 (FY20), compared to HKD 632 million for the year ended 30 June 2019. smartone roaming revenues

SmarTone says this decline is primarily caused by a significant drop in roaming revenues in recent months and the rest of the financial year.

SmarTone selects Ericsson’s 5G to power digitalization in Hong Kong

Ericsson and SmarTone, the leading mobile operator in Hong Kong, have agreed to a five-year contract for the deployment of 5G in Hong Kong. Ericsson is the sole supplier of SmarTone’s 4G network and will continue as their sole 5G vendor – extending the companies’ 28 years of partnership.
Stephen Chau, Chief Technology Officer of SmarTone, says: “SmarTone has been preparing for the 5G era with Ericsson in Hong Kong since January 2017, when we conducted the first 5G technology demo in this market. Together, Ericsson and SmarTone have led global technology developments in mobility and delivered multiple ‘firsts’ through early joint trials, shared research and collaborative product
development. We will continue to leverage our long-term partnership to build a world-class and robust 5G network in Hong Kong and deliver the best-of-breed 5G network experience to customers. SmarTone is also proud to be playing a key role in Hong Kong’s transformation to a smart city.”

Ericsson Spectrum Sharing smartone roaming revenues

SmarTone will be the first operator in Hong Kong to deploy Ericsson Spectrum Sharing – a unique spectrum-sharing technology that enables dynamic sharing of spectrum between 4G and 5G and more efficient use of its existing spectrum and existing Ericsson Radio System infrastructure for 5G deployment. With this advanced technology, SmarTone customers will also be able to enjoy an enhanced overall network experience brought by 5G.