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Join Asia's leading Telecom Leaders, Dealmakers, Investors and Advisers in Hong Kong on December 6 for the premier gathering for telecom strategy, financing and investment.
TMT Finance & Investment Asia brings together the key representatives from the telecom and finance community in a series of leadership panels, networking sessions and visionary keynote speeches.
China Telecom has announced plans to buy 3G infrastructure from China Telecommunications Corporation, its state-run parent, while reporting an 8.3% fall in net profit for the first half of the year, to 8.8 billion yuan ($1.4 billion), compared with the same period in 2011.
The operator, which competes against bigger rivals China Mobile and China Unicom in the mobile-phone market, says it will spend approximately 84.6 billion yuan on CDMA infrastructure currently owned by China Telecommunications Corporation.
China's ZTE Corp, the world's fourth-biggest mobile vendor and fifth-ranked telecoms gear maker, reported first-half net profit slid by more than two thirds.
January-June net profit dropped to 244.88 million yuan ($38.5 million) from 769 million yuan a year earlier, but beat a forecast of 223.6 million yuan, according to seven analysts polled by Reuters.
Based on Reuters calculations, second-quarter profit slumped to 94.01 million yuan, compared to a forecast of 72.7 million yuan.
New Zealand technology company Rakon has signed a deal with Huawei that targets a quadrupling of its sales to the Chinese manufacturer over the next five years.
The realization of that goal would bring Rakon’s sales to Huawei to $56 million by 2017.
Huawei has been working with Rakon for a number of years and plans to use the company’s frequency control products in its handsets, smart devices and infrastructure programs.
Chinese personal computer maker Lenovo on Wednesday quashed market speculation it was interested in buying struggling Finnish cellphone maker Nokia.
"This must be a joke," Gianfranco Lanci, who runs Lenovo's operations in Europe, Middle East and Africa told Reuters. "There's nothing ongoing."
Shares in Nokia earlier rose up to 17 percent in heavy volumes on market talk that Lenovo may be interested in
Nokia, but gave up most of the gains after Lanci's comments.
China, the world's largest mobile phone market, saw a 1.14 percent monthly increase in mobile subscribers to 1.05 billion in June, data from the country's three telecommunications operators showed.
The number of mobile subscribers in China has been growing steadily, with handset vendors such as Apple Inc
Shares of ZTE Corp, the world's fifth-biggest telecommunications equipment maker, logged the steepest fall in more than three years in Hong Kong as a profit warning and a probe by the U.S. government cast a gloom over the company's near-term fortunes.
ZTE's (Shenzhen, P.R.C.) stock slumped 16.3% to close at HK$10.46 on Monday in the largest decline since October 27, 2008. Trading volume was nearly seven times that of its 30-day average.
Juniper Networks, a network systems provider, on Wednesday announced that Telefonica Digital has selected Juniper Networks Junos Pulse Mobile Security Suite to create a branded mobile security service for its consumer customer base across Europe.
Shares of ZTE Corp, the world's fifth largest telecommunications equipment maker, hit a three-year low on Tuesday on worries about earnings and concerns over a subsidies dispute between the European Union and China, analysts said.
ZTE's (Shenzhen, P.R.C.) Hong Kong-listed shares fell by as much as 8% to HK$13.00 in morning trade, the weakest level since late March 2009. The stock has fallen about 45% so far this year.
Asked to predict future disruptive technologies and the next epicenter for innovation, technology executives worldwide believe that China and the United States will be at the forefront, with Cloud enabling both the next indispensable consumer technology and business transformation for enterprises.
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