China Unicom

China Unicom triples profit across 2017

China Unicom has released its financials for 2017 and it is looking like a money making machine again. Revenues were up marginally, profit tripled and free cash flow grew 1628% compared to the previous 12 months.

ZTE almost doubled profits in 2014

Chinese telecom kit vendor ZTE has announced preliminary full-year financial results showing 94.2% increase in in net profits for 2014. However, the firm’s annual revenue is expected to grow at a more modest rate with an 8% increase compared to 2013.

China Unicom, Huawei to work on cloud tech

The cloud platform division of China Unicom signed a strategic cooperation agreement on Software Defined Networking (SDN) innovation with local kit vendor Huawei this week.

Chinese telcos forge network sharing deal

China’s main telecoms companies have agreed to establish an infrastructure sharing venture to reduce the cost and optimise the construction, maintenance and operation of infrastructure.

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