Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017.
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, was early in identifying the opportunities opened by 5G and on developing a 5G strategy, as commercial deployments of 5th generation mobile networks, more widely known as 5G, approaches.
VIAVI Solutions has announced a collaboration agreement with China Mobile Communications Corporation (CMCC) to introduce 5G service in China by the end of 2019. VIAVI is a preferred vendor of China Mobile, supporting their specific technologies and aggressive roadmap with advanced test solutions. VIAVI will provide test and measurement hardware and software for China Mobile and several equipment manufacturers to support development of Slicing Packet Network (SPN) with FlexE interface, the technology the carrier is positioning for 5G transport services.
Qualcomm Incorporated has today confirmed that it has received a revised, non-binding, unsolicited proposal from Broadcom Limited to acquire all outstanding shares of Qualcomm for $60.00 per share in cash and $22.00 per share in Broadcom stock.
Qualcomm announced Friday that its Board of Directors has unanimously rejected the revised non-binding, unsolicited proposal by Broadcom to acquire all of the outstanding shares of Qualcomm for $82.00 per share ($60.00 in cash and $22.00 in Broadcom stock), which Broadcom announced on February 5, 2018.
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet released the world's first 5G E2E network slicing solution.
Japanese telecommunications multinational corporation SoftBank has formally announced plans to offer an IPO on part of its telecoms business in an effort to offer some separation from its other domestic investment activities.
South Korea’s telecommunications incumbent SK Telecom has enjoyed a significant increase in its profits, which it has largely attributed to its investments in its broadband and e-commerce businesses.
Singaporean telecom provider Singtel said it plans to invest INR 26.5 billion ($413 million) to increase its share in Indian telecom group Bharti Telecom, the holding company of Bharti Airtel, by 0.9 percentage points to 39.5%. The move will be subject to approval by Bharti Telecom’s shareholders, with completion expected by March 2018.
Chinese telecommunications vendor ZTE has recorded a phenomenal financial result for 2017 which has seen its net profit increase by almost 300%. ZTE issued its earning guidance for the last twelve months which indicated a staggering 293% increase from 2016 which was based on a preliminary financial statement.
