Borqs’ Mobile Virtual Network Operator Business Unit Awarded Commercial MVNO License
Borqs Technologies, Inc. - Ordinary Shares (BRQS)
US:NASDAQ Investor Relations:
borqs.com/investors-relations
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Source: GlobeNewswire
SANTA CLARA, Calif., July 25, 2018 (GLOBE NEWSWIRE) -- Borqs Technologies, Inc. (NASDAQ:BRQS) — a global leader in embedded software, products and cloud solutions for the Internet of Things (IoT), announced today that, on July 23, 2018, Yuantel Telecommunications, its subsidiary that operates its mobile virtual network operator (MVNO) business, was awarded the official commercial MVNO license from the Ministry of Industry and Information Technology (MIIT) of the People’s Republic of China. The license is valid from July 12, 2018 until July 12, 2023. After successfully completing a four year trial period, Borqs’ MVNO Business Unit can now begin a new era in the global telecommunications market. Since the beginning of its MVNO business, Borqs has continuously focused on innovative business models as well as developing the key technologies, such as the patented eSIM IoT SDK, to deploy IoT products to its MVNO network of customers and partners. Borqs’ MVNO business unit is the second
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