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LG, ZTE withdraw from MWC due to coronavirus concerns
2020-02-05 08:32:00| Telecompaper Headlines
(Telecompaper) LG Electronics and ZTE are the first companies to announce they will not attend Mobile World Congress in Barcelona later this month, in order to limit the risk of exposure to the coronavirus. Organisers of the mobile conference said the event will still go ahead, with recommendations such as no handshakes among participants.
Tags: due
concerns
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Coronavirus fears put a stop to LG and ZTE plans at MWC
2020-02-05 01:00:00| Total Telecom industry news
At the end of last month, the World Health Organization declared the coronavirus outbreak a global health emergency. With simple person-to-person transmission and an official death toll almost reaching 500, fears about the spread of the disease have seen governments close international borders and enforce lengthy quarantine periods. Now, MWC, which brings together over 100…read more on TotalTele.com »
ZTE to raise CNY 11.5 bln in share issue to fund 5G development
2020-01-16 09:10:00| Telecompaper Headlines
(Telecompaper) ZTE announced plans to raise CNY 11.5 billion (EUR 1.5 billion) in a share offering to help fund 5G research and development and working capital. The company plans to issue the shares to institutional investors.
Tags: development
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FCC bans USF companies from using Huawei, ZTE equipment
2019-11-22 17:48:00| Telecompaper Headlines
(Telecompaper) The Federal Communications Commission (FCC) has adopted an order that barrs its USD 8.5 billion per year Universal Service Fund (USF) from being used to purchase equipment and services from companies that pose a national security threat. The order specifically designates Huawei and ZTE as the target of this rule. Companies receiving USF funds will have to remove and replace equipment if it is from the designated companies. The FCC will now determine how much targeted equipment USF carriers might have and what the costs will be to remove and replace equipment.
Tags: equipment
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FCC to vote in November on banning USF carriers from using Huawei, ZTE kit
2019-10-29 08:55:00| Telecompaper Headlines
(Telecompaper) The US is moving ahead with regulation to ban operators that receive universal service funds from using equipment from Chinese suppliers Huawei and ZTE due to security concerns. FCC chairman Ajit Pai said the regulation would include funding to help operators already using the suppliers to replace their equipment with new suppliers.
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