Key Developments For China Techfaith Wireless Communication Technology Limited
China Techfaith Wireless Communication Technology Limited (CNTF.O) (Consolidated Issue listed on NASDAQ Global Market)
China Techfaith Wireless Comm. Tech. Ltd. Issues Q4 2009 Revenue Guidance
China Techfaith Wireless Comm. Tech. Ltd. announced that for the fourth quarter of 2009, it expects revenues to be in the range of USD52 million to USD55 million, including incremental revenues from the Company's mobile gaming business.
China Techfaith Wireless Comm. Tech. Ltd. Enters Into Agreements With Chinese Mobile Phone Branding Companies For Mobile Phone Game Services
China Techfaith Wireless Comm. Tech. Ltd. announced its signing of agreements with Chinese mobile phone branding companies aigo, Doov, AMT, QiGi and Flyfot. Under the agreements, TechFaith, through its wholly-owned gaming subsidiary 798 Entertainment Limited (798 Entertainment, formerly known as One Net Entertainment Limited), will provide game content services to these Chinese mobile phone branding companies. These mobile phone branding companies will build the game contents provided by 798 Entertainment into their mobile phones. In addition to the built-in games, mobile phone users can also download other 798 mobile phone games after purchasing such mobile phones. The mobile phone branding companies will pay service fees to 798 Entertainment.
China Techfaith Wireless Comm. Tech. Ltd. Forms Joint Venuture With D Magic Mobile (Shanghai) Incorporation
China Techfaith Wireless Comm. Tech. Ltd. and D Magic Mobile (Shanghai) Incorporation (Dmagicmobile) announced the formation of a joint venture company in China. The joint venture will be called Glomate Mobile (Beijing) Co., Ltd. (Glomate). Glomate plans to license well-known, international bands through Dmagicmobile for high-end, brand-name mobile phones that target fashion-conscious and high-end mobile phone users, teenagers and sports fans. Initial product launches are scheduled for the fourth quarter 2009.
China Techfaith Wireless Comm. Tech. Ltd. Issues Q3 2009 Revenue Guidance
China Techfaith Wireless Comm. Tech. Ltd. announced that for the third quarter of 2009, it expects revenues to be in the range of $47-$52 million.
China Techfaith Wireless Comm. Tech. Ltd. Launches Dual-GSM SIM Card Mobile Phone
China Techfaith Wireless Comm. Tech. Ltd. announced the launch of the G6, the mobile phone for sporty games. G6 is expected to ship into Asia during the third quarter. Customers will initially be able to play table tennis, tennis, bowling, golf, car racing, and other sporting games. The G6 also features dual-GSM SIM card standby functionality in a small and easy-to-carry design factor.
