NaaS Technology Inc. American Depositary Shares - NAAS STOCK NEWS

NaaS Technology Inc. (NASDAQ: NAAS), a leading electric vehicle (EV) charging service provider in China, has announced its annual general meeting (AGM) scheduled for April 19, 2023, at 10:00 AM Beijing time. The meeting will be held at Newlink Center, Beijing, to consider proposed resolutions detailed in the AGM Notice, available on the company's investor relations website. Shareholders holding ordinary shares by the close of business on March 23, 2023, can attend and vote. The Board of Directors supports the resolutions and encourages shareholders to vote in favor. NaaS has connected over 434,000 chargers with a charging volume of 1,892 GWh as of September 30, 2022.

NaaS Technology Inc. (NASDAQ: NAAS) CEO Wang Yang has been honored with the 2023 Ernst & Young Asia-Pacific Successful Female Entrepreneur award, becoming one of five distinguished female entrepreneurs from China to receive this accolade. NaaS Technology, a leader in new energy services, is at the forefront of advancing the global energy transformation and aims to optimize the electric vehicle (EV) charging experience. The company has connected over 45,000 charging stations and aims to meet rising market demands for quality charging infrastructure amidst the growing EV adoption in China, projected to reach 35% in 2023.

AMN has signed a significant agreement with Orange Madagascar to construct at least 500 rural base stations, aiming to enhance connectivity for over one million people in Madagascar. This project, fully funded by AMN, emphasizes their Network-as-a-Service (NaaS) model, allowing Tier 1 Mobile Network Operators to expand coverage without capital expenditure. The deployment will enable 2G and 3G services to previously unconnected communities, promoting social and economic benefits. AMN anticipates launching the first sites within 2023 and aims for a total of approximately 4,500 sites on air by year-end, supporting rural development in Madagascar.

At MWC Barcelona 2023, Huawei Carrier BG President Li Peng emphasized the need for industry collaboration to enhance 5G business and coverage. He reported rapid 5G adoption, with over 1 billion users accessing HD streams and 10 million households utilizing 5G broadband within just three years. Despite this progress, Li noted that 5G coverage remains uneven, hindering user experience. He highlighted the potential of network-as-a-service (NAAS) models in expanding application ecosystems. Huawei also introduced innovations like MetaAAU and Meta BladeAAU to improve network capacity and coverage, paving the way for advancements towards 5.5G, which promises tenfold capabilities.

Nile, a leader in enterprise Network as a Service (NaaS), has appointed Michel Davidoff as Chief Strategist for Education, effective February 22, 2023. With over 30 years of experience, including significant leadership at California State University, Davidoff will spearhead Nile's strategy in the education sector. His expertise will enhance digital transformation and address security vulnerabilities within outdated school infrastructures, impacting connectivity and academic performance. Nile aims to deliver superior network solutions tailored to educational institutions, fostering improved service delivery for students and faculty.

BCN Telecom has announced the appointment of Ken Lautzenheiser as Partner Sales Director, aiming to enhance its operations in the Southwest region. Lautzenheiser, who brings extensive telecom experience from his previous roles at Nitel and Hypercore, is expected to strengthen BCN's partner relationships and drive engagement. The company, known for its comprehensive NaaS solutions, is expanding its technology portfolio, including offerings in Cloud Voice UCaaS and SD-WAN. BCN has been delivering tailored communication solutions for over 29 years, which includes POTS Replacement options to counter the rising costs of copper lines.

Juniper Networks announced enhancements to its Juniper Partner Advantage (JPA) Program for 2023, aimed at improving partner profitability and support.

The program introduced new tools, incentives, and a framework to help partners resell Juniper solutions through a Networking as a Service (NaaS) model. Key highlights include a 30% growth target for the Elite Plus Partner Program, 2,300 members in the Champions Program, and a 18% increase in distribution partners.

New resources like the Velocity Pricing Tool and Partner Business Center are designed to facilitate quicker deal closures and enhance partner capabilities.

Communication Technology Services (CTS) has launched a Customer Portal for its Private Cellular Network-as-a-Service (NaaS) solution. This portal allows for integrated management of network administration and Subscriber Identity Module (SIM) management from multiple OEM platforms in one interface. Previously, customers faced challenges managing various systems from different vendors. The NaaS offering also includes Distributed Antenna Systems and other connectivity solutions, requiring minimal capital outlay. CTS emphasizes its transformation from a system integrator to a managed service provider, maintaining high service performance and flexibility in meeting customer needs.

The Network as a Service (NaaS) market reached USD 16.65 billion in 2021, with a projected CAGR of 22.4% from 2022 to 2030, potentially hitting USD 103.24 billion by 2030. NaaS facilitates scaling of IT infrastructure, enabling companies to outsource network management, thus reducing costs and improving agility. However, challenges include complex deployments and a predicted shortage of 85 million tech workers by 2030, leading to potential delays and increased operational costs. Major players include Cisco Systems, Cloudflare, and Verizon.