Qualcomm announced Friday that its Board of Directors has unanimously rejected the revised non-binding, unsolicited proposal by Broadcom to acquire all of the outstanding shares of Qualcomm for $82.00 per share ($60.00 in cash and $22.00 in Broadcom stock), which Broadcom announced on February 5, 2018.

Read more: Qualcomm’s board unanimously rejects revised Broadcom bid

Singaporean telecom provider Singtel said it plans to invest INR 26.5 billion ($413 million) to increase its share in Indian telecom group Bharti Telecom, the holding company of Bharti Airtel, by 0.9 percentage points to 39.5%. The move will be subject to approval by Bharti Telecom’s shareholders, with completion expected by March 2018.

Read more: Singtel plans to increase shares in Indian telecom group

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%

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, was early in identifying the opportunities opened by 5G and on developing a 5G strategy, as commercial deployments of 5th generation mobile networks, more widely known as 5G, approaches.  

Read more: Chinese vendor establishes industry leadership in preparation for 5G commercialization

China’s mobile market will soon open up to commercial licenses for MVNOs (mobile virtual network operators) after the Ministry of Industry and Information and Technology (MIIT) launched a public consultation seeking industry input and feedback on the government’s proposal to allow commercial MVNO licenses, including foreign-invested firms.

Read more: China moves to allow commercial MVNO licenses

Qualcomm Incorporated has today confirmed that it has received a revised, non-binding, unsolicited proposal from Broadcom Limited to acquire all outstanding shares of Qualcomm for $60.00 per share in cash and $22.00 per share in Broadcom stock.

Read more: Qualcomm confirms it has received a revised proposal from Broadcom

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

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