Sequans gains after announcing Chinese 4G design wins

Chinese OEMs Datang and DareGlobal will be supplying 4G TD-LTE devices to China Telecom in Q2 that feature Sequans' (SQNS +4.6%) Mont Blanc TD-LTE platform (includes a baseband processor,, transceiver, and software stack).

Both devices are single-mode, which means they won't work with China Telecom's 2G and 3G networks. Sequans faces Chinese 4G baseband competition from market leader Qualcomm, as well as MediaTek, Spreadtrum, and Marvell.

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