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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Lenovo Group Limited    992   HK0992009065

LENOVO GROUP LIMITED

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UK watchdog provisionally finds Motorola, Sepura broke competition law

10/23/2020 | 09:09am EST

(Reuters) - British telecom regulator Ofcom said on Friday an investigation has provisionally found that communication firms Motorola and Sepura broke competition law during a procurement exercise run by UK police services partner Police ICT Company in 2018.

Ofcom said the exchange of competitively sensitive information in relation to future pricing strategy between senior employees of the two firms restricted competition in the supply of Tetra devices, accessories and services for use on Britain's private communications network Airwave. (https://refini.tv/37yFhxJ)

The watchdog, which issued a statement of objection, said Motorola Solutions and privately-held Sepura Limited can now make representations to Ofcom, which it will consider before taking a final decision.

(This story corrects paragraph 3 to remove reference to Lenovo with respect to Motorola Solutions)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2020
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Financials (USD)
Sales 2021 54 262 M - -
Net income 2021 871 M - -
Net Debt 2021 527 M - -
P/E ratio 2021 10,2x
Yield 2021 4,71%
Capitalization 8 975 M 8 975 M -
EV / Sales 2021 0,18x
EV / Sales 2022 0,16x
Nbr of Employees 63 000
Free-Float 58,2%
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Technical analysis trends LENOVO GROUP LIMITED
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 19
Average target price 0,82 $
Last Close Price 0,75 $
Spread / Highest target 41,6%
Spread / Average Target 9,99%
Spread / Lowest Target -18,9%
EPS Revisions
Managers
NameTitle
Yuan Qing Yang Chairman & Chief Executive Officer
Gianfranco Lanci President & Chief Operating Officer
Wai Ming Wong Chief Financial Officer & Executive Vice President
Arthur Hu Chief Information Officer & Senior Vice President
Yong Rui Chief Technology Officer & Senior Vice President
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