Chinese telecommunications colossus ZTE has announced it plans on raising $2bn through share placement in an effort to generate the capital it requires in order to accelerate its 5G technology development.
China suffered its first ever annual smartphone decline, with shipments down 4% from 2016 to 459 million units in 2017, Canalys research indicates. This drop was partly due to China having one of its worst year-on-year performances in Q4 2017, with shipments plummeting by over 14% to just under 113 million units.
Japan’s largest mobile operator has reported strong growth across almost all of its business lines in what was a rip-roaring Q3 for NTT Docomo. The telecommunications incumbent in Japan enjoyed a sharp increase in its net profit.
Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated held the 2018 Qualcomm China Tech Day in Beijing. At the event, Qualcomm Technologies and leading Chinese manufacturers expressed interest in working together in an initiative to support China’s smartphone industry for the global opportunities that will be made available by 5G and introduce 5G New Radio (NR) standard-compliant commercial devices expected as early as 2019, announced as the “5G Pioneer” Initiative.
US operator Verizon has decided to scrap its plans to sell Huawei smartphones as pressure on Chinese technology companies from the US government continues to intensify amidst security concerns.
India’s smartphone market has finally seen a change at the top, with Chinese vendor Xiaomi now leading with shipments close to 8.2 million units in Q4 2017, according to research firm Canalys. Despite annual growth of 17%, South Korea’s Samsung failed to maintain its lead, shipping just over 7.3 million smartphones to take second place.
China has been projected to lead the global adoption of 5G technology by 2023, according to research compiled by CCS Insight. CCS Insight have claimed that the country’s booming market will ensure and facilitate that 5G is quicker out of the starting blocks than any other previous mobile technology.
Indian telecommunications operator Idea Cellular has suffered more financial woes ahead of a proposed merger deal with Vodafone India. Idea Cellular disclosed its financial report for Q4 and it makes for grim reading. In fact, it’s the largest ever quarterly loss posted by the operator, which has been attributed to a rapid decline in interconnection revenue.
Three of South Korea’s leading telecommunication players have been hit with stinging fines for their role in illegal handset subsidies. The Korea Communications Commission (KCC) publicly announced that it has issued fines to SK Telecom, KT and LG U-plus.
Chinese handset vendor Xiaomi has scored a big success in India following confirmation that it has displaced South Korean colossus Samsung as the country’s No.1 smartphone manufacturer.