SHENZHEN, China--()--ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, today announced it has won a contract worth USD 281.5 million for the largest share in China Telecom’s 2012 CDMA Purchase Project.
During the project, ZTE will provide its innovative Uni-Ran solution and relevant services in over 220 cities of 27 provinces across China.
As a result of a rapid increase in the number of users on the China Telecom’s network, it has partnered with ZTE to strengthen network coverage and improve network capacity. The Uni-Ran solution comprises a series of products based on SDR technology. These products help operators deploy multidimensional networks in an efficient and intelligent manner. Through this project, ZTE will gain a cumulative share of 43.5 per cent of China Telecom’s CDMA network, further cementing its position as the No. 1 CDMA supplier in China.
“We’re very pleased to join hands with China Telecom to promote healthy development of the CDMA field,” said ZTE Vice President Fan Xiaobing. “ZTE’s Uni-Ran solution will enhance network services and compliment China Telecom’s operations, filling the network evolution needs.”
According to a report released by consulting firm IDC, ZTE remained the world’s No. 1 CDMA supplier at the end of 2011 with 32.6 per cent worldwide market share. As of Q1 2012, ZTE’s CDMA products had been put into mass commercial use in more than 120 operators in over 70 countries around the world.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while growing revenue. In 2011, ZTE’s revenue increased by 29 per cent to USD 13.7 billion. Its overseas operating revenue grew 30 per cent to USD 7.4 billion during the period, accounting for 54.2 per cent of overall operating revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.