|SHENZHEN, China - Wednesday, October 16th 2013 [ME NewsWire]|
(BUSINESS WIRE) 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 had won nearly 50 percent of China Telecom’s tender to provide evolved packet core (EPC) equipment for an LTE network across 15 provinces in China. The win makes ZTE No.1 among equipment building vendors in China Telecom’s LTE network.
As part the contract, ZTE also will provide a 2G/3G/TDD/FDD/WiFi multi-network collaboration solution with its EPC equipment. This solution ensures smooth network evolution of the entire network and also reduces bandwidth costs while improving user experience. In addition, its innovative ePCC traffic management scheme provides flexible service packages as well as closed-loop control and open collaboration capabilities, helping carriers expand profit margins and improve BIT value.
"As a long-term strategic partner of China Telecom, ZTE is committed to building high-quality LTE networks,” said ZTE Core Network Product Line President Mr. Liu Jianhua. "Our aim is for all end users on this network to enjoy the benefits of a high-speed 4G."
As of the first half of 2013, ZTE had won more than 40 EPC commercial contracts and deployed more than 100 trial networks globally. The company has worked with major global telecommunications companies, including China Mobile, Vodafone, Telstra, KPN, Telenor, TeliaSonera, Hutchison and others.
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 160 countries, helping them to meet the changing needs of their customers while growing 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
Mark Lee / Andres Vejarano
+852 2837 4756 / 2837 4735