2014-04-21 11:42 AM
SHENZHEN, China--(BUSINESS WIRE)--Apr 20, 2014--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, won orders from China Mobile for GPON (Gigabit Passive Optical Network) equipment in the operator's annual tender.
ZTE was one of only three successful vendors in China Mobile's tender after a stringent selection process. China Mobile's tender for more than 614,000 ONUs (Optical Network Unit) and over 3,000 OLTs (Optical Line Terminal) was a test of each vendor's product quality and capabilities in research and development, solution customization, delivery and technical support. Apart from ZTE, Alcatel-Lucent Shanghai Bell and FiberHome were the other winning bidders.
"ZTE is committed to achieving win-win with our customers through dedicated R&D efforts and high-quality customer services," said Bei Jinsong, Director of Optical Access Products at ZTE. "Our efforts have resulted in industry-leading product performance and increasing market acceptance for ZTE's GPON equipment."
According to the latest report on the global fixed-network market by Ovum, ZTE's GPON equipment shipments in the fourth quarter rose 27% sequentially, the fastest growth rate among major vendors, benefiting from demand in the Americas, Europe and China. ZTE is committed to maintain the company's industry-leadership in the global GPON market by offering first-rate products and superior services.
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.
CONTACT: ZTE Corporation
Margrete Ma, +86 755 26775207
Mark Lee / Andres Vejarano, +852 2837 4756 / 2837 4735
KEYWORD: ASIA PACIFIC NORTH AMERICA CANADA CHINA
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE NETWORKS TELECOMMUNICATIONS MOBILE/WIRELESS
SOURCE: ZTE Corporation
Copyright Business Wire 2014
PUB: 04/20/2014 11:24 PM/DISC: 04/20/2014 11:24 PM