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.

Read more: ZTE’s investment in its operator network pays off as net profits increase by 300%

Thailand’s third largest mobile operator has announced that it is set to axe 1,000 jobs despite posting a sharp increase in its net profit in Q4 2017. Dtac is embarking on an aggressive and robust cost-cutting program in an effort to put the telecommunications firm back on a solid financial footing.

Read more: Thai operator announces plans to cut 1,000 jobs despite profit growth

Qualcomm and Samsung have strengthened their relationship, which could help the mobile chipmaker fend off its antitrust case in South Korea. As part of an expanded cross-license agreement, Samsung “will be withdrawing its interventions” into Qualcomm’s appeal against an $868 million fine announced in 2016 over what the Korean Fair Trade Commission (KFTC) deemed “excessive” licensing fees.

Read more: Qualcomm fends off Korea antitrust woes with Samsung backing

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