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ZTE anticipates a return to profit in its 2013 annual results

ExclusiveZTE anticipates a return to profit in its 2013 annual results

Telecoms manufacturer ZTE Corporation says it expects its full-year financial results for 2013 to show an annual profit of between RMB 1.2 billion and RMB 1.5 billion (£120 million - £150 million).

That would be a significant improvement from last year’s loss, although it’s still not as much as the profit figure from two years ago.

ExclusiveThe People's Operator MVNO appoints Wikipedia founder Jimmy Wales as co-chair

Virtual mobile network The People’s Operator, which launched in 2012 and passes 25% of its profits to charity, has appointed Wikipedia founder Jimmy Wales as a board member and co-chair of the company.

The London-based MVNO says the main role of Mr Wales will be “to drive the growth of a global community that connects as a force for good”. It currently offers SIM-only ‘pay monthly’ and ‘pay as you go’ services in the UK.

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