SAN DIEGO, Calif. (Oct. 20, 2017) – Borqs Technologies, Inc., a global leader in embedded software, products and cloud solutions for the Internet of Things (IoT), is pleased to announce that Yuantel, a wholly-owned subsidiary of the MVNO business unit affiliated with Borqs, has been ranked second among the top 10 Chinese mobile virtual network operators (MVNOs) in 2017 during the recently held PT/EXPO China 2017 in Beijing. PT/EXPO China is sponsored by the Ministry of Industry and Information Technology of China and is known as the key telecom exhibition for the information and communication industry of China. PT/EXPO revealed the 2016-2017 ranking list of China’s information and communication industry. Yuantel was recognized due to its excellent operation performance, strong research and development, innovative products and strategic industrial layout.
Jason Wang, president of YuanTel, said, “YuanTel has been selected in the ranking list for MVNOs consistently for the past three years. This indicates a high recognition for the team’s innovative capacity, and further encourages us to provide better and more innovative services in the future. By taking advantage of the technological superiority of its parent company Borqs, YuanTel has made a presence in the Internet of Things (IoT) industry—providing smart Android IoT solutions, as well as intelligent services like SDK and IoT voice.”
Currently, the number of Chinese MVNO users has exceeded 50 million, making China the largest in the world in terms of MVNO users.
Borqs Technologies (NASDAQ: BRQS) is a global leader in software and products for IoT providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Borqs has achieved leadership and customer recognition as an innovative end-to-end IoT solutions provider leveraging its strategic chipset partner relationships as well as its broad software and IP portfolio. BORQS designs, develops and provides turnkey solutions across device form factors such as Smartphones, Tablets, Smartwatches, Trackers, Automotive IVI, Vertical application devices (for restaurants, payments et al.). For more information, please visit the Borqs website (http://www.borqs.com).
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Michelle Wang, Market Communications
Sandra Dou, Investor Relations