Chinese equipment maker ZTE saw its net profit increase 94 percent in 2014, to $423.4 million, up from $220 million in 2013, thanks to strong smartphone sales overseas and an increase in 4G network deployments.
Ethiopia's state-run telecoms monopoly has started selling 4G services in the capital Addis Ababa, offering packages for use with an LTE dongle or LTE Wi-Fi router from Huawei or an LTE-enabled smartphone.
ZTE picked up a contract to deploy the second phase of state-owned Algerian operator Algérie Télécom's LTE network, nearly a year after the operator took a leading position in Africa with the launch of the first phase in its 4G rollout.
ZTE is set to double its annual 5G research and development spend to around $400 million (€350 million) and add another 800 engineers to laboratories focused on the next generation technology in 2015, the company's chief scientist said.
LAS VEGAS--Wearables are still in version 1.0 and need to be smarter and more connected. Right now they are very much "nice to have," not "need to have." So let's tone down the hype. Wake me up when I can leave my home without my smartphone and just a wearable strapped to my wrist, because we're not there yet.
Sprint's Boost Mobile prepaid brand said its promotional pricing--which offers customers more data than in previous plans--is now the carrier's permanent pricing. The carrier also launches a new Android smartphone from ZTE in addition to the previously announced Microsoft Lumia 635 Windows Phone device.
Although Chinese-based smartphone makers Xiaomi and OnePlus have garnered attention and market share this year as sales of their low-cost models have thrived, the companies face obstacles to expanding globally, including patent litigation and a lack of brand awareness among Western consumers.
Ericsson is reportedly about to sign a contract to expand the telecoms network of state-run operator Ethio Telecom, taking a slice of an $800 million (€643 million) contract originally awarded to ZTE.
Huawei signed a five-year global agreement with Norway-based Telenor Group to supply radio access network (RAN) equipment and professional services throughout the operator's European and Asian footprint.
ZTE is shooting a bank shot in the hopes that its partnerships with NBA teams will help elevate its brand profile in the U.S. market. The company has tripled its U.S. marketing investment this year compared to 2013 and it is starting to see dividends, according to ZTE USA CEO Lixin Cheng.