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LG Electronics Inc plans to release its 5G smartphone in South Korea later this month. While security concerns over 5G networks using telecom equipment made by China’s Huawei Technologies Co Ltd have marred the buildup to the release of these services, South Korean telcos have tried to shrug them off. “I don’t think we have a security issue in South Korea,” Park Jin-hyo, head of SK Telecom’s information and communication tech research center, told reporters letter x cufflinks. He added the company uses advanced technology to block eavesdropping or hacking into 5G networks..
HONG KONG (Reuters) – Chinese social media and gaming giant Tencent Holdings Ltd said on Thursday it has raised $6 billion in a bond sale, with proceeds earmarked for refinancing and general corporate purposes. The sale was Asia’s largest this year, Refinitiv data showed, exceeding property developer China Evergrande Group’s $2.8 billion issue in January letter x cufflinks. Tencent sold $2 billion in fixed and floating rate five-year notes, $500 million in seven-year notes, $3 billion in 10-year notes and $500 million in 30-year notes, it said in a filing to Hong Kong’s stock exchange..
The bonds will carry coupons of 3.280 percent, 3.575 percent, 3.975 percent and 4.525 percent on the fixed rate five-year notes, seven-year notes, 10-year notes and 30-year notes, respectively letter x cufflinks. The floating rate five-year note will have an interest rate of LIBOR plus 0.910 percent. The tech firm earlier this week said its board had increased its Global Medium Term Note Programme limit to $20 billion from $10 billion, with proceeds going towards general corporate purposes. Tencent had a $6 billion offshore issuance quota from China’s state planner, the National Development and Reform Commission (NDRC), two people with knowledge of the deal said on Tuesday..
SAN FRANCISCO/BENGALURU, India (Reuters) – Tesla Inc deliveries fell 31 percent in its first quarter as the electric car maker struggled with its first shipments of the Model 3 sedan to Europe and China due to longer transit times. But the Silicon Valley carmaker reaffirmed its guidance to deliver between 360,000 and 400,000 vehicles this year, and said U.S. orders for its new Model 3 – which was recently made available for $35,000 – outpaced what the company was able to fulfill in the quarter. Tesla, whose delivery numbers missed analysts’ expectations, said it had only delivered half of the quarter’s numbers by March 21, with 10,600 vehicles still in transit at the end of the quarter letter x cufflinks. By comparison, only 1,900 vehicles were in transit at the end of the fourth quarter..
“Overall, the Street was expecting an apocalyptic quarter and Model 3 deliveries were better than feared by many,” said Wedbush analyst Daniel Ives, who noted the overall number was “clearly rocky.”. Lower deliveries in the first quarter had been expected, as Tesla shifted for the first time to delivering its new Model 3 to China and Europe in January and February, amid a slowdown in demand in North America and after a $7,500 tax credit was cut in half at the end of 2018 letter x cufflinks.