|By ACN Newswire||
|April 23, 2014 04:05 AM EDT||
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.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
May. 30, 2016 02:00 PM EDT Reads: 3,056
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
May. 30, 2016 01:30 PM EDT Reads: 1,129
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
May. 30, 2016 12:00 PM EDT Reads: 798
In his session at 18th Cloud Expo, Andrew Cole, Director of Solutions Engineering at Peak 10, will discuss how the newest technology advances are reducing the cost and complexity of traditional business continuity and disaster recovery solutions. Attendees will: Learn why having a full disaster recovery strategy is more important now than ever before Explore the key drivers of a successful disaster recovery solution Achieve measurable operational and business value from a disaster recovery ...
May. 30, 2016 12:00 PM EDT Reads: 1,493
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
May. 30, 2016 12:00 PM EDT Reads: 4,114
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
May. 30, 2016 11:30 AM EDT Reads: 759
SYS-CON Events announced today that Hanu Software will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Leveraging best-in-class people, processes, and technologies, Hanu provides high-quality, high-value software development and business process outsourcing services to independent software vendors (ISVs) and enterprises.
May. 30, 2016 11:30 AM EDT Reads: 1,468
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
May. 30, 2016 11:15 AM EDT Reads: 1,345
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
May. 30, 2016 11:00 AM EDT Reads: 2,576
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
May. 30, 2016 10:45 AM EDT Reads: 2,062
The initial debate is over: Any enterprise with a serious commitment to IT is migrating to the cloud. But things are not so simple. There is a complex mix of on-premises, colocated, and public-cloud deployments. In this power panel at 18th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists will look at the present state of cloud from the C-level view, and how great companies and rock star executives can use cloud computing to meet their most ambitious and disruptive business ...
May. 30, 2016 10:00 AM EDT Reads: 2,299
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
May. 30, 2016 09:15 AM EDT Reads: 2,830
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
May. 30, 2016 09:15 AM EDT Reads: 2,388
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 30, 2016 09:00 AM EDT Reads: 1,450
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...
May. 30, 2016 08:00 AM EDT Reads: 2,395