China Telecom Corp Ltd (Beijing, China), the smallest of the country's three telecommunications operators, said on Tuesday that its mobile subscribers increased to 113.53 million in August, including 25.61 million 3G subscribers.
China Telecom said on its website that 3G subscribers rose by 2.05 million in August, while total users increased by 2.59 million.
China Mobile Communications Corp (Beijing, China) and Clearwire Corp (Kirkland, Wash., U.S.A.) have teamed up to develop high-speed mobile devices and infrastructure, potentially giving the cash-strapped U.S. 4G operator a technological boost.
Shares of Clearwire closed up 7% at $2.73 after the news as investors bet that Clearwire's collaboration with China Mobile, the world's largest wireless operator, decreased the risks around Clearwire's future technology choice.
Huawei Technologies Co Ltd (Shenzhen, P.R.C.), the world's second largest network equipment maker, expects its deals in the enterprise sector to total more than $7 billion by next year, banking on demand from key markets such as China, a senior executive said.
Huawei also plans to triple staff numbers at its enterprise unit to about 30,000 in the next three years from 10,000 expected by the end of this year, to compete with the likes of Cisco Systems Inc and Hewlett-Packard Co, with half in research and development.
The Hertz Corporation (Park Ridge, N.J., U.S.A.), a car rental company, last week announced the expansion of its Global Electric Vehicle (EV) initiative to China, marking the first EV rental service to be offered in the country.
Hertz now offers EVs across the U.S. in cities including New York, Washington, D.C., San Francisco, Los Angeles, and in London, United Kingdom and other cities in Europe.
Telecom equipment vendor Alcatel-Lucent (Paris, France) and China's State Grid Information and Telecommunication Co. (SGIT), a unit of utility company State Grid Corporation of China (Beijing, China) (SGCC), announced a partnership on Friday to provide technology that accesses data used to track energy usage from devices such as smart meters, analyze that data and deliver that information to the utility company.
China Mobile Ltd (Hong Kong, China), the world's largest mobile operator, said on Friday it will use $780 million to set up a finance unit in a move that could disappoint shareholders hoping for a dividend hike.
The new unit would be called China Mobile Finance and would engage in financial services such as insurance agency business and inter-bank lending, China Mobile said in a statement posted on the Hong Kong stock exchange.
Telematics China Summit 2011 with the main theme of "Innovation, Application & Commercialization", organized by Genesis Resourcing Consulting China, is going to be held on 8 & 9 September, 2011 at Pudong Ramada Plaza Shanghai, China. This two-day conference and exhibition will gather 200+ decision makers and industry gurus from worldwide Auto OEMs, Hardware/Device Manufactories, Solution Companies, Service Providers, Application Manufactories, Wireless & Telecom Companies, Consulting Firms, Research Institutes and Governments Apparatus to create win-win business models for China Telematics economy.
Apple (Cupertino, Calif., U.S.A.) is set to exponentially grow its China business as the country's number one and number three telecom operators’ fight to finalize deals to sell iPhones in the world's largest mobile phone market, with more than 900 million subscribers.
China Unicom (Beijing, China) is the sole operator offering Apple's smartphones, but it is only a matter of time before the number one operator, China Mobile (Beijing, China), and number three, China Telecom (Beijing, China), follow suit, analysts said.
China Telecom (Beijing, China) plans to offer its 106 million subscribers the Apple Inc (Cupertino, California) iPhone by the end of 2011, sources said on Wednesday.
The move would help China Telecom, the smallest of the country's three telecommunications operators, establish more 3G users in a competitive market. China Telecom operates the country's largest fixed-line network and is a relative newcomer to the mobile market.
In a report conducted by research firm Technavio, it is forecasted that the Chinese electric vehicle (EV) charging station market will grow at a Compound Annual Growth Rate (CAGR) of 86% from 2010 to 2014.
According to Technavio, the EV Charging Station market reached $321 million in 2010 and is expected to grow to $1.2 billion in 2011 due to the huge investment being made to develop the infrastructure required by electric vehicles.