Market Chatter: China Telecom, Huawei Sign MOU With South African Mobile Operator

MT Newswires Live11-27

China Telecom (HKG:0728, SHA:601728) and Huawei signed a memorandum of understanding with MTN South Africa, Reuters reported.

The partnership is expected to drive new business opportunities for the South African mobile operator and provide enhanced technology, including the internet of things, on the African continent, according to the report.

Tumi Sekhukhune-Chamayou, chief enterprise business officer at MTN South Africa, said the network service improvements could offer new possibilities in smart mining and industrial applications, Reuters wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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