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T-Mobile US, Nokia ink new 5G agreement worth USD 3.5 bln
2018-07-30 15:41:00| Telecompaper Headlines
(Telecompaper) T-Mobile US has signed a new, multi-year, deal with Nokia worth USD 3.5 billion, to push the nationwide deployment of 5G. Under the contract, Nokia will provide T-Mobile with its complete end-to-end 5G technology, software and services portfolio and help build the operator's nationwide 5G network with 600 MHz and 28 GHz millimeter wave 5G capabilities compliant with 3GPP 5G New Radio (NR) standards. Nokia's portfolio includes commercial AirScale radio platforms and cloud-native core, AirFrame hardware, CloudBand software, SON and 5G Acceleration Services.
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China Tower looking to raise up to USD 8.7 bln from IPO
2018-07-23 13:30:00| Telecompaper Headlines
(Telecompaper) China Tower aims to raise as much as USD 8.7 billion in its Hong Kong initial public offering. The world's largest telecom tower operator is offering 43.1 billion shares at HKD 1.26-1.58 each, according to terms of the offering seen by Bloomberg. Hillhouse Capital and a unit of Alibaba Group are among the 10 firms that agreed to buy about USD 1.4 billion of shares as cornerstone investors.
US lifts ban on sales to ZTE after USD 1.4 bln in fines
2018-07-16 08:48:00| Telecompaper Headlines
(Telecompaper) ZTE has resumed operations after the US government lifted a ban on sales to the Chinese company. ZTE paid a USD 1 billion fine last month and deposited another USD 400 million in escrow, the Department of Commerce confirmed, in order to put an end to the order denying US companies to sell to the company.
ZTE sees CNY 7-9 bln loss in H1 after US ban
2018-07-13 17:28:00| Telecompaper Headlines
(Telecompaper) ZTE said it expects its net result for the first half of this year to sink to a loss of CNY 7-9 billion from a profit the year before of CNY 2.29 billion, a decline of 405-492 percent. The preliminary basic loss per share is seen at CNY 1.67-2.15 from earnings of 0.55. ZTE attributed the sharp declines to the suspension of its operating activities as a result of the export ban imposed by the US government on the Chinese company.
Inmarsat says no to new GBP 3.2 bln bid from EchoStar
2018-07-06 11:35:00| Telecompaper Headlines
(Telecompaper) EchoStar confirmed the bid and said it will continue to find common ground with Inmarsat, with a view towards buying the company. It believes a combination of EchoStar and Inmarsat is "strategically compelling." The combined group would be one of the world's leading satellite providers and be well supported by a global portfolio of complementary assets and service offerings.
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