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Huawei to sell Honor smartphone business assets for up to CNY 25 bln report
2020-10-14 08:41:00| Telecompaper Headlines
(Telecompaper) Details on the exact assets that will be included in the sale are yet to be finalized, but are expected to include Honor's brand, research development capabilities and related supply chain management business, two of the sources said. The deal may be an all-cash sale, one of the sources added.
Tags: business
report
sell
honor
Huawei maintains revenue growth in Q1, sales up 1.4% to CNY 182 bln
2020-04-21 11:46:00| Telecompaper Headlines
(Telecompaper) Huawei said results for the first quarter were in line with expectations, despite the effects of the coronavirus pandemic. The company said its business is continuing as usual and provided some figures. Revenues for the quarter rose 1.4 percent from the year before to CNY 182.2 billion, while the net profit margin was 7.3 percent.
Tags: sales
growth
revenue
maintains
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
share
issue
fund
Chinese operators launch 5G plans at CNY 128 per month
2019-11-01 09:58:00| Telecompaper Headlines
(Telecompaper) Chinese operators China Mobile, China Unicom and China Telecom have announced the rollout of 5G mobile phone services. The three operators will start by offering 5G plans for CNY 128 per month, Reuters reports.
ZTE confirms FY loss of CNY 7 billion, sees return to profit in Q1
2019-03-27 14:41:00| Telecompaper Headlines
(Telecompaper) ZTE confirmed a net loss of CNY 6.98 billion for 2018, hurt by the USD 1 billion payment to settle its dispute with US authorities. The company said it returned to a profit in Q1, estimated at CNY 0.8-1.2 billion.