BUSINESS WIRE / ME NewsWire SHENZHEN, China - Monday, October 15th 2012
ZTE Corporation ("ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today announced it has won China Mobile’s TD-LTE contract. According to the contract, ZTE will construct China Mobile’s TD-LTE networks in five Chinese cities, namely Beijing, Tianjin, Guangzhou, Shenzhen and Shenyang, with more than 13,000 carrier frequencies.
In China Mobile’s earlier TD-LTE project in Hong Kong, ZTE was assigned 50% of the construction work. ZTE has become the largest LTE device supplier for all such projects initiated by China Mobile.
China Mobile launched the TD-LTE bidding in August 2012. The tender included contracts for some 20,000 base stations and 52,000 carrier sectors, and the TD-LTE devices purchased by China Mobile will be deployed in an expanded trial TD-LTE network in 13 Chinese cities, namely Beijing, Shanghai, Hangzhou, Nanjing, Guangzhou, Shenzhen, Xiamen, Qingdao, Tianjin, Shenyang, Ningbo, Chengdu and Fuzhou. Ten major telecom firms including ZTE, Huawei, Ericsson and Nokia Siemens bid for the tender.
Wang Shouchen, ZTE’s Vice President, said, "We thank China Mobile for choosing ZTE for the construction of the TD-LTE networks in the five cities. ZTE has been highly committed to TD-LTE as a strategic product. As a leader in LTE, our company is both capable of and confident in bringing excellent results to China Mobile.”
By August 2012, ZTE has constructed various trial LD-LTE networks and 9 commercial networks for 38 operators in 26 countries of Europe, CIS, Asia Pacific, Southeast Asia and North America.
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 USD13.7 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.
Margrete Ma, +86 755 26775207
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