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Novatel sells mobile ops, MiFi spots to TCL for USD 50 mln
2016-09-23 09:29:00| Telecompaper Headlines
(Telecompaper) Novatel Wireless has agreed to sell its mobile broadband operations, including its MiFi branded hotspots and USB modem lines, to Hong Kong's TCL for USD 50 million in cash. The deal is subject to the usual regulatory approvals, as well as the approval of Novatel stockholders and convertible noteholders. The deal is expected to close in the first quarter of next year. Novatel will now put its attention on creating a new public holding company and a new operating structure. The company is currently considering several names and logos to be adopted by the new company going forward.
TCL Communication sees H1 profit crumble to HKD 11 mln
2016-08-15 10:52:00| Telecompaper Headlines
(Telecompaper) TCL Communication Technology, the maker of Alcatel brand phones, saw its net profit plunge to HDK 11 million in the first half of 2016 from HKD 454 million a year ago. Revenues fell 17 percent year-on-year to HKD 10.93 billion, while the company's gross margin improved slightly to 20.4 percent from 19.3. TCL blamed the lower results on the slowdown in the smartphone market, driven by the weak economic climate and intense competition in the Chinese market. Its smartphone sales fell by 12 percent year-on-year to 17.4 million units, and total sales of handsets and other products were down by 2 percent to 33.1 million units.
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tcl
TCL 55UP130
2016-06-09 05:03:02| PC Magazine: New Product Reviews
The TCL UP130 television line offers accurate colors and an enhanced Roku TV remote that make it a top choice for users with limited budgets looking to make the jump to 4K.
Tags: tcl
TCL 43UP130
2016-06-09 05:03:02| PC Magazine: New Product Reviews
The TCL UP130 television line offers accurate colors and an enhanced Roku TV remote that make it a top choice for users with limited budgets looking to make the jump to 4K.
Tags: tcl
TCL 50UP130
2016-06-09 05:03:02| PC Magazine: New Product Reviews
The TCL UP130 television line offers accurate colors and an enhanced Roku TV remote that make it a top choice for users with limited budgets looking to make the jump to 4K.
Tags: tcl
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