Technology company Huawei has published financial results for the first half of 2012.
Sales revenue was up 5.1% year-on-year to CNY 102.7 billion (£10.38 billion), while operating profit reached CNY 8.79 billion. That’s a 22% drop from the same period in 2011 but an increase from the previous six months.
UK regulator Ofcom has published its plans for the launch of 4G mobile phone and mobile broadband service. It’s aiming to start the 4G spectrum auction by the end of this year.
The proposed sale will offer 80% more radio spectrum than the 2000 UK 3G auction and is equivalent to three-quarters of the mobile spectrum in use today.