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ZTE has posted its financial results for the first half of 2022. According to the results, for the six months ended 30 June 2022, ZTE achieved operating revenue of RMB 59.82 billion, 12.7% higher than a year earlier. During the period, net profit attributable to holders of ordinary shares of the listed company reached RMB 4.57 billion, an increase of 12.0%, and net profit after extraordinary items attributable to holders of ordinary shares of the listed company amounted to RMB 3.73 billion, representing a year-on-year increase of 65.8%. Basic earnings per share was RMB 0.96.

Read more: ZTE Reports Double-Digit Gains in Revenue and Profit in H1

Businesses are gaining a competitive edge by preparing for 5G integration. Next-generation network adoption is changing the landscape and impacting application development for the Internet of Things (IoT) as well as Industrial Internet penetration in unprecedented ways. The value of 5G goes beyond just faster internet. With everything being connected, it will become a major force in facilitating new products and services to emerge in every industry. According to research from ResearchAndMarkets.com, the AsiaPacific 5G enterprise market will grow by 38.7% annually, with a total addressable market cap of $129.9 billion over 2022-2031, with 2021 as the base year.

Read more: Get ready for the 5G Revolution at BYOND MOBILE

Submarine Networks World, the largest annual gathering of subsea communications leaders in the world, will once again convene in Singapore on September 7-8, 2022. This is the first in-person edition of the event since 2019 and marks the first time that the subsea communications community has been able to gather on a large scale since the pandemic.

Read more: Global Subsea Communications Leaders Convene in Singapore

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