VENTURE CAPITAL POST

China's Huawei unveiled its flagship P8 and P8 Max smartphones on Wednesday, devices that stack up against the latest models from Samsung and Apple in technical specifications if not marketing budget.

Ethiopia's state-run telecoms monopoly has launched a fourth generation (4G) mobile service in the capital Addis Ababa, aiming to catch up with the high-speed communications available in some east African neighbors such as Kenya and Uganda.

Running short of dramatically new phone designs, leaders of the world's wireless industry agree their next big idea is 5G, shorthand for the fifth generation of networks they expect to have up and running by 2020.

China has contributed over $120 million to fight the spread of the Ebola virus, but its billionaire tycoons - it has more than anywhere outside the United States - have, publicly at least, donated little to the cause, underscoring an immature culture of philanthropy in the world's second-biggest economy.

Mobile telecoms gear maker Ericsson said on Friday a slowdown in North America created uncertainty over fourth quarter sales as operators cut spending after big investments in high-speed networks.

Huawei Technologies Co Ltd, the world's third-biggest smartphone manufacturer, plans to spend $300 million on global marketing in 2014, a senior executive said on Wednesday.

Chinese gadget maker Huawei unveiled five new devices during the Mobile World Congress tradeshow held in Barcelona, including two tablets, one smartphone, one smartband, and a fast mobile Wi-Fi device.

Telecom equipment maker Alcatel-Lucent launched EUR955 million in capital increase and USD750 million in high-yield bonds.

According to German paper Welt am Sonntag, Deputy Chairman Guo Ping of Huawei said that the telecoms network does not intend to engage in any takeover plans.

Despite allegations of anticompetitive behavior, Huawei continued with expansion plans to Europe.

Xiaomi Tech has overtaken Apple's market share in China with 0.2% lead.

Huawei planned a workshop in Australia for local ICT firms in an effort to absorb some of the country's ICT assets.

Nepal's telecom industry expanded after aggressive importing.

Huawei launched their first product on Saudi Arabia in a Riyadh conference last night.

Huawei is set to reach its target of 10% revenue growth for this year, analysts reported.