Chinese telecommunications behemoth ZTE has been rescued from the brink of collapse after the United States officially declared that the export ban on which prohibited US companies from selling key components to the Chinese vendor has been lifted.
Embattled Chinese telecommunications colossus ZTE is expected to announce the appointment of Xu Ziyang as its new CEO as part of the continuing overhaul of the company’s management structures. The company has endured a hellish number of months as a result of crippling trade sanctions that were imposed by the US Department of Commerce.
Nokia and China Mobile have signed a one-year frame agreement - valued at up to EUR 1 billion - to support the Chinese mobile operator's transition to a future-oriented network infrastructure, while providing seamless connectivity to more efficiently meet growing data traffic demand.
Chinese telecommunications behemoth Huawei has expressed its belief that it will not be the subject of trade sanctions by the United States.
Indian telecommunications incumbent Bharti Airtel is actively exploring ways it can refinance its existing debt and raise capital for expanding its 4G network by opening negotiations with international investment banks. Reports circulating in India claim that the telecommunication behemoth is seeking to raise $1bn.
Nokia and China Mobile have signed an MoU to investigate the potential of artificial intelligence (AI) and machine learning to optimize future networks and enable the delivery of new Edge Cloud and 5G services.
The Australian government is reportedly edging closer to imposing a ban on Chinese telecommunications colossus Huawei from supplying equipment for 5G networks in the country, citing national security concerns as the primary reason behind its decision.
During Mobile World Congress Shanghai, Nokia and Tencent, one of China's leading providers of Internet services, have signed an agreement to carry out joint research and development work to explore the potential of 5G for the provision of new applications, including those for a variety of vertical markets.
Chinese telecommunications colossus ZTE has received a timely boost with the news that its share price on the Hong Kong stock exchange has soared by 22% as the embattled vendor moves a step closer towards having a crippling US purchase ban lifted.
The United States has temporarily allowed Chinese telecoms company ZTE to resume some activities while it works to meet conditions set by Washington in a politically charged settlement reached last month.
