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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.

Tags: per month plans chinese

 

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. 

Tags: in return loss profit

 

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