ZTE Wins Contract for 40% of China Telecom 2012 Broadband Equipment Project
27 June 2012, 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 that it has won a contract for 40 per cent of China Telecom’s 2012 broadband equipment procurement project. The 40 per cent share is the largest of any company participating in the project.
China Telecom’s broadband equipment contract includes procurement of PON- OLTs (passive optical network – optical line terminals), FTTB (fibre- to- the -business) MDUs (multiple dwelling units), and broadband terminals. It includes for over 21 million units valued at approximately RMB4 billion. It is the largest broadband procurement project in the world in 2012.
Building IT infrastructure, including broadband, is a key part of China’s 2012 national development plan. China Telecom aims to increase its FTTH (fibre –to- the- home) user base by 25 million, and to expand its FTTH coverage to more than 55 million households. With the new project, China Telecom also anticipates a total increase of 16 million to reach a total of 100 million of its users.
“We are honored to continue to support China Telecom in driving national broadband development. With our expertise and experience in FTTH infrastructure, we are dedicated to partnering with leading operators to help them excel.” said Mr Fan Xiaobing, Vice President of ZTE Corporation.
ZTE is a leader in the global optical access market. With the rapid worldwide growth of FTTx deployments, ZTE’s PON sales have posted a more than 30 per cent compound annual growth rate over the past three years, topping both PON and OLT port shipments and market share in 2011.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment and networksolutions 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 whilegrowing 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 7.4billion 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.
