ZTE Reorganizes to Help Focus On Mobile
ZTE announced internal organizational changes the company believes will help it compete more effectively. Moving forward, the company will focus on three pillar businesses: operators, mobile devices, and business customers. It will also target several emerging market segments, such as public IT systems and mobile broadband services. In particular, the mobile device unit will operate as a separate business headed by Zeng Xuezhong, who replaces outgoing handset manager He Shiyou. ZTE believes its LTE 4G telecommunications gear, semiconductors, and handsets will be more competitive on a global scale with its new structure. The changes are effective immediately.
AT&T's GoPhone Now Selling the ZTE Maven
AT&T's prepaid unit today added the ZTE Maven to its roster of inexpensive handsets. The Maven is a rebadged Overture 2, which is sold by AT&T's Cricket Wireless business.
ZTE US Mobile Phone Exec Promoted to Global Role
ZTE today said it appointed Cheng Lixin, the executive behind the company's North American mobile phone business, to run its global mobile phone business. The move comes after ZTE settled with the U.S.
Nokia Gains Control of Alcatel-Lucent
Nokia today said it has officially taken the reigns of Alcatel-Lucent after its public exchange offer for Alcatel-Lucent was accepted by the French stock market authority. Nokia expects to merge the two companies in order to form a telecommunications powerhouse to compete against Ericsson, ZTE, and others.
ZTE Runs Afoul of Commerce Dept., Facing Export Ban
ZTE has allegedly violated export rules to Iran and the U.S. Department of Commerce is prepared to restrict what American-made components ZTE is allowed to acquire.