U.S. technology companies including Cisco Systems Inc, International Business Machines Corp and Microsoft Corp may face new challenges selling their goods and services in China as fallout from the U.S. spying scandal starts to take a toll.
Cisco (San Jose, CA, USA) shares tumbled 11 percent on Thursday, a day after it warned that revenue could drop as much as 10 percent this quarter, and continue to contract through the middle of next year, in part due to a backlash in China after revelations about U.S. government surveillance programs.
Huawei Technologies Co will invest at least $600 million in 5G research over the next four years, the Chinese telecommunications equipment manufacturer said in a statement on Wednesday.
Nokia Siemens Networks says it has expanded the scope of its research partnership with China Mobile to cover 5G as well as other next-generation technologies.
The two companies first teamed up in 2010 to collaborate in the area of mobile broadband, and the extension of their agreement could spur China Mobile’s (Beijing, China) efforts to popularize the TD-LTE variant of 4G, which it is now rolling out across China.
China Mobile has put an advert for the faster 4G mobile network on its website, raising expectations that a long-awaited distribution deal between the world's largest mobile carrier and Apple Inc may be announced as early as next week.
China Mobile's (Beijing, China) website, on its main page, displayed a cartoon tornado alongside the words "the invasion of 4G" and the dates "November 9-11".
The banner links to a page showing two images of smartphones that resemble iPhones, with the caption: "Special discounts for new handsets? The newest? The biggest discounts?"
China Telecom has beaten earnings expectations for the nine months ending September, flagging growth in revenues and profits thanks to surging consumer interest in the iPhone and mobile data services.
The smallest of China’s three national mobile operators, the company said revenues were up by 13.4%, to RMB238 billion ($39 billion), compared with the same period last year, while net income rose by 17.1%, to RMB14.8 billion.
China Mobile has reported falling profits for the first nine months of the year, with investments in a 4G network and the cost of subsidizing smartphones taking a toll on the operator’s performance.
China’s biggest mobile operator by customer numbers flagged a 9.4% increase in revenue, to RMB463 billion ($76 billion), for the nine months ending September, but said profits slid by 1.9%, to RMB91.5 billion, over the same period.
China's Huawei, one of the world's largest telecoms network infrastructure providers, is not planning any large takeovers because it would be unable to integrate them, Deputy Chairman Guo Ping was reported as saying in German paper Welt am Sonntag.
Ping, one of three deputy chairmen who take turns acting as chief executive, was responding to the paper's question on whether he could imagine buying one of Europe's big players in the sector, such as Nokia (Helsinki, Finland) or Alcatel-Lucent (Paris, France).
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Chinese telecommunications equipment maker Huawei plans to create 5,500 jobs in Europe within five years as the company expands its services in the region, state-owned newspaper China Daily said on Saturday.
Huawei (Shenzhen, China), the world's second largest maker of telecoms communication equipment, is to offer information technology solutions to European businesses, Patrick Zhang, president of marketing and solutions at Huawei Enterprise Business Group, told the newspaper.
Huawei Technologies Co Ltd expects to take in more than $2 billion in revenues selling 4G gear this year as global carriers from China to Europe expand their networks, senior company executives said on Wednesday.
Even though 4G LTE (long-term evolution) promises faster video streaming and Internet downloads, the cost of smartphones would need to come down before the technology can enter the global mainstream, they told reporters in a briefing.