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.
ZTE revealed further progress in Europe after its local German subsidiary scored two managed services deals with operators in the Netherlands and Luxembourg.
Huawei said it plans to increase its procurement spending in the European Union as part of its overall investment strategy for Europe, and expects to make direct purchases worth an estimated $4.08 billion (€3.8 billion) in 2015.
The European Commission dropped its threat to launch an investigation into alleged illegal subsidies for Chinese mobile equipment manufacturers, in what will come as a relief to Huawei and ZTE--the two leading Chinese vendors operating in Europe.