Borqs Technologies looks to expand IoT businesses in Africa by leasing mobile phones

seekingalpha2023-10-03

Borqs Technologies (NASDAQ:BRQS) Tuesday announced the expansion of its IoT device business and said devices like mobile phones would be leased to local users in Africa via a local leasing company. “...

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However, not all African consumers can afford smart IoT devices. Therefore, leasing mobile equipment is a viable solution in the African market,\" said Pat Chan, CEO of Borqs Technologies.\"The project can potentially produce about 500,000 units per year and generate about $30M in sales for our company,” he added.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRQS":"播思科技","BK4170":"电脑硬件、储存设备及电脑周边"},"translate_title":"Borqs Technologies希望通过租赁手机在非洲拓展物联网业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRQS":1},"content_text":"Borqs Technologies (NASDAQ:BRQS) Tuesday announced the expansion of its IoT device business and said devices like mobile phones would be leased to local users in Africa via a local leasing company.\n“The number of mobile users in Africa has been growing rapidly. However, not all African consumers can afford smart IoT devices. Therefore, leasing mobile equipment is a viable solution in the African market,\" said Pat Chan, CEO of Borqs Technologies.\n\"The project can potentially produce about 500,000 units per year and generate about $30M in sales for our company,” he added.\nBRQS  +23.31% premarket to  $0.1529\nSource: Press Release","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2372890144"}