Welcome!

News Feed Item

MOBI Development Again Obtains the Largest Share in the Bid for 4G Network Construction of a Particular Renowned Chinese Equipment Provider

Hong Kong, Apr 23, 2014 - (ACN Newswire) - MOBI Development Co., Ltd. (MOBI Development, the "Company"; HK:947), a Chinese leading one-stop provider of wireless communication antennas and base station RF subsystems, is pleased to announce that the Company once again becomes the largest provider of antenna system and base station RF subsystem products for a particular Chinese renowned equipment provider during the latter's bid for its 4G network construction.

As wireless network building has boosted in China by the release of issuance of 4G licenses, China Mobile plans to build 270,000 Phase II TD-LTE network stations in 2014. According to its technical bid results published recently: Huawei, ZTE(HK:763), Datang Mobile made the top 3. As a sole company who engaged in self-researching and developing, manufacturing and selling of base station antenna and RF subsystem products in China, MOBI Development has become the largest supplier of antenna system and base station RF subsystem products for one of the equipment suppliers, with further expanded shares and delivery priority. Furthermore, among the bids for the equipment supplier's antenna products, 20%-30% are Multiple-Input Multiple-Output (MIMO) antenna products, which turned a significant increase over last year. Meanwhile, the Company also saw a great increase in its received orders from international equipment providers.

MIMO antennas could support tower-sharing for various types of network, and its technology difficulty of the R&D and mass production substantially exceed those of single frequency antennas. The growth of sales of MIMO antennas will have further support on gross margin. In virtue of long-term cooperation with international equipment providers, the Company is able to predict the demand for this type of product in China and embark on product development ahead of most competitors. So far, the Company has already developed certain kinds of MIMO antennas for LTE deployment in China.

- MOBI Development's First-Quarter Shipment Saw Sharp Increase by approximately 185%

The Company's first-quarter shipment saw multiplied growth year on year, with shipment of antenna products increased approximately 185% and shipment of RF products increased approximately 101%. At the beginning of this year, MOBI Development released a positive profit alert. As benefited from the construction of 4G base stations, the Company turned loss into profit in 2013, realizing net profit of approximately RMB19.06 million, with 3G and 4G RF subsystems increased approximately 160% year on year.

With the release of issuance of 4G licenses, Chinese telecom operators have significantly increased their investment in 4G networks. Last June, China Mobile offered tenders for so called the "largest-ever" phase of TD-LTE network construction in China, with around 207,000 base stations to be purchased and the CAPEX amount exceeding RMB20 billion. The shares obtained by Huawei and ZTE (HK:763) were equally at 26%.

Mr. Hu Xiang, Chairman of MOBI Development Co., Ltd. indicated in March in Hong Kong that the purchase of China Mobile's TD-LTE network construction is arranged by turn-key and the Company has strategic cooperation with major equipment providers. In particular, after being awarded the contract for China Mobile's phase I TD-LTE network construction, ZTE invited tenders from wideband antenna providers based on strict standards concerning technical indicators, size and pricing as well as considering the tests results carried out by China Mobile on antenna providers. Finally, MOBI Development became its supplier with the largest share, among which, shares of the antenna products amounted to approximately 70% and has been increased with the acceleration in shipments.

Mr. Hu Xiang said, "MOBI Development is a leader in the 4G antenna and RF subsystems technology in China. Better placed than peers, it stands to gain enormously from 4G construction".

- Phillip Securities: MOBI Development benefits from 4G, profit likely to increase by 3.7 times this year

MOBI Development is one of the few one-stop providers of wireless communication antennas and base station Radio Frequency ("RF") subsystems in China. Its business consists of the design, manufacture, marketing and sale of antennas, base station RF subsystems and coverage extension solutions. Currently, its clients mainly comprise the major 3 telecom operators in the Chinese mainland and mobile phone producers such as ZTE and Nokia.

Phillip Securities analyzed and pointed out that MOBI Development benefited from the intensive investment in 3G between 2009 and 2010 and made huge profits, recording RMB107 million and RMB84 million in net profit respectively. It is a conservative estimate that its profit for this year would reach the level of 2010. It is estimated that MOBI Development will likely record a profit of RMB90 million, up by 3.7 times and its EPS would likely reach RMB0.11.


About MOBI Development Co. Ltd.



Source: MOBI Development Co. Ltd.

Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...