ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, reported a full-year revenue of RMB 108.82 billion in 2017, 7.5% higher than a year earlier, benefiting from continuous investments in telecommunications networks by global operators and the company's growth in consumer businesses and government-enterprise markets.
United States President Donald Trump issued a Presidential Order on 12 March blocking semiconductor company Broadcom from acquiring chipset maker Qualcomm for $117 billion. Under the terms of the order released by the White House, all of Broadcom’s director nominees are disqualified from standing for election as directors of Qualcomm.
Spanish telecommunications giant Telefónica and Chinese telecommunications company China Unicom recently signed an agreement in the field of Internet of Things (IoT).
Chinese ICT solutions provider Huawei announced the initiation of its "Slice Mall" innovation project, based on the concept of "slicing as a service and as a commodity." This global project aims at accelerating the commercialization of 5G slicing and helping carriers achieve business success in a range of vertical industries.
The Southeast Asia-Japan 2 consortium (SJC2) has signed an agreement with Japanese IT firm NEC Corporation to build a high performance submarine cable connecting Singapore, Thailand, Cambodia, Vietnam, Hong Kong, Taiwan, mainland China, Korea and Japan. Construction of the 10,500-kilometer long cable is expected to be completed by the fourth quarter of 2020.
The Australian government plans to auction off 125MHz of spectrum in the 3.5GHz band in October this year for use in 5G implementation across urban and regional areas of the country. Australia’s telecom regulator, the ACMA, will determine the terms of the auction based on its recommendations and those of the public.
The Indian government has taken proactive measures in an effort to relieve the financial pressures currently being endured by mobile operators in the country. Telecommunications operators in India have encountered a series of financial problems over the past twelve months, and that forced the cabinet to take action.
Bharti Airtel, India’s largest telecommunications service provider, and Gulf Bridge International (GBI), a global cloud provider for the Middle-East and Europe, announced a strategic agreement to unlock the capacity on GBI’s India-Middle East-Europe submarine cable system.
Ant Financial, the parent company of Chinese mobile payment platform Alipay, has reached an agreement to invest US$184.5 million for a 45 percent stake in Norwegian telecom group Telenor subsidiary Telenor Microfinance Bank (TMB) in Pakistan, to further develop TMB’s mobile payment and digital financial services in the country.
Chinese multinational telecommunications vendor ZTE which is a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet has partnered with market research firm IDC to jointly issue an "Expediting AI for Operations in the Networks of Future" white paper.
