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
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...