UK-based telecom provider Vodafone and Japan-based SoftBank jointly announced they have entered into a strategic alliance in mobile services for enterprise customers. This alliance “enhances commercial and operational support for Vodafone's multinational enterprise customers operating in Japan,” a statement said.
Qualcomm Incorporated announced results for its fiscal fourth quarter and year ended September 24, 2017. The company reported revenues of $5.9 billion for Q4 2017 compared to $6.2 billion in Q4 2016 (5 percent drop). Qualcomm said the results were negatively impacted by its ongoing dispute with Apple.
Over 200 government officials, technology experts, scholars, and representatives from tech companies gathered from all across the Asia-Pacific region for the third annual Huawei Asia-Pacific Innovation Day, held in Kuala Lumpur. The event was co-hosted by Malaysia's Ministry of International Trade and Industry (MITI), the Malaysia Digital Economy Corporation (MDEC), the Malaysia-China Business Council, and Huawei Technologies.
Japan-based SoftBank Group’s plans to break off negotiations toward a merger between subsidiary Sprint and T-Mobile US amid a failure to come to terms on ownership of the combined entity, dashing the Japanese technology giant's hopes of reshaping the American wireless business.
NexNet Solutions, a leading telecommunications solutions and consulting firm in conjunction with its regional partner M800 Limited, has announced that its strategic alliance with Hong Kong based company aims to help and support operators to build their own OTT services and enable them to extended these services to B2B customers effectively.
Samsung Electronics have selected their replacement for the outgoing vice chairman and CEO Kwon Oh-hyun, who surprised many industry analysts following his shock announcement that he was stepping down from his position with the South Korean conglomerate. It has been formally announced that President of Samsung’s semiconductor business, Kim Ki-nam will take over from March next year, and it was also disclosed that he will head up the device unit.
Huawei Marine announced it has commenced work on Desk Study and Marine Survey works in conjunction with key investor Tropic Science Co., Ltd. (Tropical Science) to construct the Pakistan East Africa Cable Express (PEACE) submarine cable, which connects South Asia with East Africa. With initial work underway, the project is targeted for completion in Q4, 2019.
Singapore’s largest telecom company Singtel announced the launch of its new network solution – Singtel Managed Software-Defined Branch (Singtel SD Branch) to support enterprises’ evolving networking needs across the globe.
Xiaomi’s smartphone shipments in Q3 almost doubled from a year ago, according to research from Strategy Analytics. It’s forecast that Xiaomi could become the world’s second largest smartphone vendor by 2018, overtaking OPPO, Huawei and Apple, if current momentum continues.
Nokia released its Q3 financial results for 2017 showing net sales of €5.5 billion for the quarter compared to €6 billion for the same period last year. The company reported a 7 percent year-on-year sales decrease in Q3. Nokia CEO Rajeev Suri said the company’s patent licensing business was the “clear highlight” of the quarter.