Warsaw Business hours
14:42:48 Fri 30 Oct, GMT+1
New York Business hours
09:42:48 Fri 30 Oct, GMT-4
Beijing After hours
21:42:48 Fri 30 Oct, GMT+8
Dubai Business hours
17:42:48 Fri 30 Oct, GMT+4
The Handelot Times
Markets

Quick hits: January 2019

Mobile News reports that Santok, parent company of Wileyfox and STK, will undergo restructuring with the intent of manufacturing smartphones and GSM desk phones.

The Handelot Times Issue 11, January 2019 2 min read

Mobile News reports that Santok, parent company of Wileyfox and STK, will undergo restructuring with the intent of manufacturing smartphones and GSM desk phones. Santok also intends to cash in on the IoT products trend ahead of the widespread launch of 5G.

According to a report from TechRadar, Huawei is expected to rake in upwards of $108.5 billion in revenue from its performance in 2018. Although the Chinese giant has come up against espionage accusations in its global expansion efforts, it has invested heavily in China’s burgeoning 5G network. Following a £100,000 cash injection, UK-based Citycom has recently undergone rebranding. Per a report from Mobile News, Citycom is not GDPR compliant and is focusing on making the shopping experience smoother for their customers, which include Tata Communications and Caretech.

Huawei has terminated the employment of sales director Wang Weijing amid allegations of spying. While the company released an official statement saying Weijing’s actions had nothing to do with the company, Poland’s internal affairs minister has joined the chorus of voices calling for a ban their products from EU markets, asking EU and NATO for a joint decision on such a move.

Lease Telecom has recently introduced a device trade-in service worth up to £500 cash back, according to Mobile News. The service is aimed at the 350-plus Lease Telecom partners, which consist of mobile, UC and IT resellers, major networks and distribution.

The rest of this article is in the magazine Continue in issue 11

More in Markets

Get the magazine every time a new issue is out

Each new issue of The Handelot Times, straight to your inbox.