Industry News

Chinese telecommunications behemoth ZTE Corporation has signed an agreement with Indonesia’s Smartfren for 4G network expansion and 5G network trials.

Dutch telecommunications operator KPN has formally announced that it has penned an agreement with Huawei to build its 5G Radio Network. However, it has also been disclosed that it will only select a Western vendor for its 5G core and Huawei will not be considered for that role.

Chinese ICT behemoth Huawei has overtaken Apple in smartphone sales following the opening quarter of 2019, in what is becoming an increasingly more competitive and volatile market. Huawei now jumps into 2^nd place ahead of the US iPhone manufacturer in a market dominated by South Korean juggernaut Samsung.

China Unicom has claimed that sweeping government changes has resulted in a decline in its mobile service turnover which has ultimately impacted its broader service revenue.

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet has reported its first-quarter results of 2019. Meanwhile, the company also its preliminary results for the six months ended 30 June 2019. 

Huawei held their Global FSI Summit 2019 with its partners I Shanghai, China on Thursday where industry key players discussed the latest developments in FinTech.

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that it has signed heads of agreement with PLS Plantation Berhad.

Chinese telecommunications behemoth Huawei has been given a huge boost following reports that British Prime Minister Theresa May, has agreed to allow the ICT vendor to participate in the buildout of 5G networks in the United Kingdom.

China’s ambassador to the United Kingdom has pleaded with the British Government to make an independent decision on selecting its equipment suppliers for the buildout of its 5G networks.

Huawei has announced its business results for the first quarter of 2019. In Q1 of this year, Huawei generated CNY179.7 billion in revenue, an increase of 39% year-on-year. The company's net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year.