Huawei Marine announced it has commenced work on Desk Study and Marine Survey works in conjunction with key investor Tropic Science Co., Ltd. (Tropical Science) to construct the Pakistan East Africa Cable Express (PEACE) submarine cable, which connects South Asia with East Africa. With initial work underway, the project is targeted for completion in Q4, 2019.
Singapore’s largest telecom company Singtel announced the launch of its new network solution – Singtel Managed Software-Defined Branch (Singtel SD Branch) to support enterprises’ evolving networking needs across the globe.
Xiaomi’s smartphone shipments in Q3 almost doubled from a year ago, according to research from Strategy Analytics. It’s forecast that Xiaomi could become the world’s second largest smartphone vendor by 2018, overtaking OPPO, Huawei and Apple, if current momentum continues.
Nokia released its Q3 financial results for 2017 showing net sales of €5.5 billion for the quarter compared to €6 billion for the same period last year. The company reported a 7 percent year-on-year sales decrease in Q3. Nokia CEO Rajeev Suri said the company’s patent licensing business was the “clear highlight” of the quarter.
Qualcomm Incorporated announced results for its fiscal fourth quarter and year ended September 24, 2017. The company reported revenues of $5.9 billion for Q4 2017 compared to $6.2 billion in Q4 2016 (5 percent drop). Qualcomm said the results were negatively impacted by its ongoing dispute with Apple.
Apple Inc. has purchased a New Zealand-based company PowerbyProxi which specializes in designing wireless power products for consumers and industry. Apple’s recently announced iPhone X and iPhone 8 feature wireless charging technology.
Japan-based SoftBank Group’s plans to break off negotiations toward a merger between subsidiary Sprint and T-Mobile US amid a failure to come to terms on ownership of the combined entity, dashing the Japanese technology giant's hopes of reshaping the American wireless business.
Chinese telecom equipment provider and smartphone maker Huawei aims to take on Amazon and Alibaba as a global provider of public cloud services, the company said in April. Edward Zhou, Huawei’s VP of Global Public Affairs, reiterated this to Telecom Review recently, saying Huawei can provide more trustworthy cloud services based on its legacy telecom experience.
Samsung Electronics have selected their replacement for the outgoing vice chairman and CEO Kwon Oh-hyun, who surprised many industry analysts following his shock announcement that he was stepping down from his position with the South Korean conglomerate. It has been formally announced that President of Samsung’s semiconductor business, Kim Ki-nam will take over from March next year, and it was also disclosed that he will head up the device unit.
China Unicom’s mixed-ownership reform has leapt forward in business cooperation with Chinese internet company Tencent and e-commerce platform Alibaba Group. This represents the first major business cooperation with strategic investors after China Unicom’s mixed-ownership reform plan was approved.
