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Searching for "Qigi"
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TechFaith Q2 2010 Profit Up 62% YoY
TechFaith PR, 8/17/10
Mobile phone design house China TechFaith Wireless Communication Technology (Nasdaq: CNTF) has announced its unaudited financial results for the second quarter ended June 30, 2010, with net revenue of USD 65.5 mln (RMB 447.0 mln), a 7.6% increase compared to USD 60.9 mln (RMB 415.8 mln) in the first quarter of 2010 and a 31.5% increase compared to USD 49.8 mln (RMB 340.1 mln) in the second quarter of last year. Read More
TechFaith to Acquire QiGi
TechFaith PR, 8/17/09
Chinese mobile phone solutions provider TechFaith (Nasdaq: CNTF) has signed a non-binding letter of intent to acquire 100% of Beijing-based smartphone manufacturer Qigi Future Technology in a stock-plus-cash transaction valued at USD 12.5 mln, USD 0.5 mln of which is to be paid in cash, the rest of which is to be paid in over 65.93 mln ordinary shares of TechFaith (one publicly traded ADS is equal to 15 ordinary shares). Read More
China Telecom Cuts CDMA Handset Subsidies
21st Century Business Herald, 7/07/09
Multiple sources have reported that China Telecom recently began making significant cuts to some of its CDMA handset subsidies. Read More
TechFaith, Qigi Cooperate on Smartphones
TechFaith Press Release, 1/26/09
Mobile phone design house China TechFaith Wireless Communication Technology (Nasdaq: CNTF) and Chinese smartphone manufacturer Qigi Future Technology have announced they will cooperate on the development of four new high-end customized smartphones for China Telecom (NYSE: CHA; 0728.HK) and China Unicom (NYSE: CHU; 0762.HK; 600050.SH) in Q2 2009. Read More
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