Wireless service provider Clearwire Corp
Clearwire (Bellevue, USA) said it reviewed its plans "with the technical arms of multiple federal agencies" and that it has "great respect for the U.S. government and their oversight role over the nation's infrastructure."
ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported a $310 million quarterly net loss, its first since listing in Hong Kong in 2004, on shredded margins, project delays and accounting changes in China.
Shenzhen-based ZTE, led by Shi Lirong, had previously warned its quarterly loss could be as much as 2 billion yuan - eight times its first-half profit - triggering a 16 percent drop in its stock price on October 15, a self-imposed 50 percent pay cut by executives, and warnings from Fitch ratings agency.
Chinese telecoms equipment firm Huawei Technologies pledged on Wednesday to become more transparent, proposing to set up a cyber-security center in Australia to help address concerns that threaten to shut it out of key global markets.
Huawei (Shenzhen, China), the world's second-biggest telecoms equipment maker, has been barred from a $38 billion project in Australia and is also under siege by U.S. lawmakers who suspect it has close ties to Beijing and that its equipment could be used for espionage.
China Mobile reported a 1.4% rise in net profit, to 93.3 billion yuan ($14.9 billion), for the first nine months of the year, with growing take-up of mobile data services spurring a 6.4% increase in revenues, to 408.6 billion yuan.
China’s biggest mobile-phone operator has been focusing on improvements to service quality as the market matures, economic growth slows and competition intensifies.
China's Huawei Technologies Co Ltd said on Wednesday a U.S. congressional committee probe into whether its access to communications infrastructure poses a security risk is unlikely to affect its businesses in other overseas markets.
The House of Representatives' Intelligence Committee issued a report earlier this month urging U.S. companies to stop doing business with Huawei (Shenzhen, China) and ZTE Corp (Shenzhen, China), the world's No.2 and No.5 telecommunications equipment vendors respectively, over security concerns.
China's No.2 telecommunications equipment maker ZTE Corp, under fire in the United States over cyber security concerns, has sold a subsidiary which sells surveillance systems.
The decision to dispose of ZTE Special Equipment Co, also known as ZTEsec, was made on September 21, during a U.S. Congressional committee investigation into ZTE (Shenzhen, China) and its local rival Huawei Technologies Co Ltd (Shenzhen, China).
Telit has expanded its collaboration with a Chinese start-up in the country’s fast-growing smart-grid sector, helping it to secure a spot in one of the world’s biggest markets for energy-related M2M technology.
Founded in 1996 and funded by the North China Electric Power Research Institute, Beijing Yupont develops electric power metering and automatic meter reading technologies, as well as geographical information systems, electric power meter and load control terminal products.
Chinese mobile phone and telecoms equipment maker ZTE Corp (Shenzhen, China) will report a loss of as much as 1.75 billion yuan ($279.2 million) in the first 9 months of 2012, it said in a preliminary results announcement on the Hong Kong Stock Exchange on Sunday.
The Shenzhen-based company has suffered as a slowing economy has hurt sales and margins have come under pressure. ZTE said its loss will be between 1.65 billion yuan and 1.75 billion yuan. That could be a fall of more than 260 percent compared with the same period last year.
Canada indicated strongly on Tuesday it would exclude Chinese telecom equipment giant Huawei Technologies Co Ltd (Shenzhen, China) from helping to build a secure Canadian government communications network because of possible security risks.
Meanwhile, the European Commission has delayed a trade case against Huawei and another Chinese telecom equipment maker, ZTE Corp (Shenzhen, China), easing tensions between the European Union and China, its second-biggest trading partner.
The European Commission has delayed a trade case against two Chinese telecom equipment makers also under scrutiny in the United States, easing tensions between the European Union and its second-biggest trading partner.
A U.S. congressional report said on Monday that Huawei Technologies Co Ltd (Shenzhen, USA) and ZTE Corp (Shenzhen, USA) -- the world's second- and fifth-largest makers of wireless telecoms gear -- were potential security risks and should be shut out of the U.S. market.