ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, posted a 27.8% rise in first-quarter profit as the company increased sales of carrier network solutions and smartphones.

Read more: ZTE reports increase in smartphone sales and rise of 27.8% in first-quarter profit

South Korea’s SK Telecom announced that it signed a Memorandum of Understanding (MOU) with Bluebell Korea to cooperate for the development of new business opportunities by bringing cutting-edge ICT to the luxury retail industry. 

Read more: SK Telecom signs MoU with Bluebell Korea to bring ICT to the luxury retail industry

In a significant regulatory milestone, the Army Corps of Engineers (ACE) has announced its approval of the last remaining major permit needed to begin deployment of Docomo Pacific, Inc’s ATISA submarine fiber-optic cable system.

Read more: Docomo Pacific receives final regulatory permit for ATISA submarine cable system

Japanese multinational conglomerate Toshiba has warned that its very survival is at risk – as the organization moves from one crisis to another. The company finally released its delayed financial results after they were initially delayed twice – and the report makes for grim reading with Toshiba recording a loss of ($4.8bn) for April to December. However, it has been further disclosed that the results have not been approved by the firm’s auditors.

Read more: Japanese multinational conglomerate Toshiba warns its very survival is at risk

For the first time in its history, Zain Saudi Arabia recorded profit in the first quarter of the year of 45 million riyals compared to a loss of 250 million riyals during the same period last year. The company’s profits came contrary to expectations that indicated a loss of about 97 million riyals.

Read more: Zain KSA smashes expectations posting its first Q1 profits

Nokia and the University of Technology Sydney (UTS) have signed a Memorandum of Understanding (MoU) under which Nokia will join the university's UTS: Rapido, a new technology development unit, and collaborate on developing IoT-based business applications using high-speed, ultra-low latency technologies such as 5G.

Read more: Nokia to collaborate with Australian university on IoT solutions

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