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Huawei reports $4.8 billion profit in 2013

Last Updated: Thursday, January 16, 2014, 17:06

China's top telecom firm Huawei Technologies estimated its operating profit jumped 47 percent in 2013 to about USD 4.8 billion on the back of reduced costs and improving business with consumers and enterprises.

Apple fights for bigger slice of China smartphone pie

Last Updated: Wednesday, January 15, 2014, 14:44

Majority state-owned China Mobile has more than 760 million customers but for years it has declined to provide the iPhone as the two companies argued over commercial terms.

FinMin seeks DoT's view on attracting top global telecom firms

Last Updated: Friday, September 27, 2013, 21:48

After allowing 100 percent FDI in the telecom sector, the government is making efforts to attract global giants such as China Telecom to help revive investment flows, sources said.

Huawei posts $2.47 billion profit last year

Last Updated: Monday, April 08, 2013, 21:04

China's telecom major Huawei Monday said it posted USD 2.47 billion net profit last year, recording about USD 35 billion in revenues.

12 Chinese held in Malaysia telecom fraud

Last Updated: Saturday, January 19, 2013, 19:29

Police in Malaysia have smashed a telecom fraud syndicate and arrested 12 Chinese suspects in a crackdown on cross-border cyber crime.

Stay away from China’s Huawei, ZTE: US Cong panel

Last Updated: Wednesday, October 10, 2012, 09:28

A US Congressional intelligence committee has advised American companies not to do business with Huawei and ZTE.

China has 1.06 bn mobile phone connections

Last Updated: Tuesday, August 28, 2012, 15:47

China has a staggering 1.06 billion mobile phone accounts, authorities said.

Nearly 500 held across Asia over telecom scam

Last Updated: Thursday, May 24, 2012, 23:10

Nearly 500 people were arrested across Asia over an USD 11.5 million transnational telecom scam targeting Chinese nationals, state media reported Thursday.

China Telecom to sell iPhones; China Mobile still months away

Last Updated: Tuesday, February 21, 2012, 12:48

Apple Inc (AAPL.O) has signed with China Telecom (0728.HK) to sell its iPhone in China from next month.

China Telecom in deal to sell iPhone in China

Last Updated: Tuesday, February 21, 2012, 09:38

China Telecom has signed a deal with Apple Inc to sell iPhones in China, a move expected to boost sales for the US company in a market where it has been struggling in recent months.

China to have `faster, cheaper` internet by 2015

Last Updated: Wednesday, December 28, 2011, 12:48

China hopes to increase internet speed by five times and cut broadband costs by 2015.

Top Chinese official sentenced to death for graft

Last Updated: Tuesday, August 30, 2011, 23:50

The official turned himself in and returned all bribes, which were confiscated.