ZTE said it expects to achieve record-breaking revenue and a 43.5 per cent increase in full-year net profit for the year to end-2015.
It's the day we've all been waiting for-- well, some of us, at least: the "new" Nokia is set to start operations on Thursday this week, completing the merger with Alcatel-Lucent and launching combined products and services onto the market.
ZTE said it has won LTE contracts for Cameroon and Zambia from Afrimax. Meanwhile Facebook has partnered with Airtel Africa to roll out Free Basics in 17 markets.
ZTE is beating larger rival Samsung Electronics to market with its own lease-to-own payment plan for U.S. smartphone customers, following in the footsteps of Apple, which last month introduced a direct-to-consumer device leasing program.
Chinese smartphone vendor ZTE has quietly climbed the ranks of U.S. smartphone vendors, and now commands the market's No. 4 position, just behind LG, Samsung and Apple. As Bloomberg notes in a new report on the company, ZTE is now working to cash in on its position with more expensive-- and more profitable-- smartphones.
Samsung Electronics' newest phablet smartphones, the Galaxy Note 5 and Galaxy S6 Edge+, got a major media unveiling yesterday and carriers fell over themselves to offer promotions to entice customers to buy them. However, Samsung's biggest challenge may be that there are more smartphones, including phablets, coming out from rivals that offer similar specifications for much less money.
Although realistically 5G will not make its commercial debut until at least 2020, we are already starting to see a lot of noise in the marketplace about 5G trials and collaborations.
Uros, a Finland-based provider of global mobile Wi-Fi internet services, opened the door to 11 new markets in Europe and Africa through a partnership with Vodafone Roaming Services, the voice and data roaming arm of the global mobile operator.
MALTA--ZTE continues to make inroads in the U.S. prepaid device market. Speaking at the IFA 2015 trade show here, Waiman Lam, senior director of technology and partnerships at ZTE, said that the company has 21 percent of the U.S. prepaid device market, making it the No. 2 player in the space. The company commands 7 percent of the overall device market in the United States.
Nokia agreed to purchase Alcatel-Lucent in a $16.6 billion (€15.6 billion) deal that would form a powerhouse to rival Ericsson and Huawei in the global market for telecom equipment. In the United States, the deal could create a company that could challenge Ericsson's leading position.