|[August 25, 2014]
ZTE Wins COSMOTE Romania LTE Contract
SHENZHEN, China --(Business Wire)--
ZTE (News - Alert) 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, has
won a wireless project contract from COSMOTE Romania, the largest
multinational mobile operator in the Balkans, to transform its existing
2G/3G network and build a new LTE (News - Alert) network in southern Romania.
The deal is expected to require construction of more than 3,000 base
stations, reinforcing ZTE's leading place in the European LTE market.
Based in Greece, COSMOTE Group has its major operations in South Eastern
European countries, including Greece, Albania and Romania. Deutsche
Telekom is the largest of its shareholders, holding 40 percent of shares
in Greece's OTE Group. In 2012, COSMOTE Romania won the auction for the
25M 1800M and 10M 2600M LTE spectrums and planned to launch LTE services
in the hope of better customer experience and competitiveness.
In 2010, ZTE successfully completed a UMTS (Universal Mobile
Telecommunications System) project for COSMOTE Romania using ZTE's
industry-leading SDR (software defined radio) technologies and network
delivery capabilities.The previous cooperation on UMTS networks has
laid a solid foundation for further work on LTE projects between COSMOTE
Xiong Hui, SVP of ZTE, said, "ZTE is very grateful that COSMOTE Romania
once again selected us as a strategic partner. With our series of
innovative solutions, led by Cloud Radio, ZTE is taking the lead in the
development of LTE technologies. The LTE network of COSMOTE Romania will
use the world's most advanced products and solutions to enhance the
customer experience. We will employ ZTE's best resources to make the
project a successful one."
As of the end of July 2014, ZTE has won 146 commercial LTE/EPC contracts
around the world, covering 70 percent of the countries that have
invested in LTE. ZTE is the world's fastest growing LTE vendor and in
2013, the company's share of the new LTE market was close to 20 percent.
ZTE has successfully launched LTE networks for operators including China
Mobile, China Telecom, Hutchison, Softbank, KPN, Telenor, TeliaSonera (News - Alert),
Vodafone, VimpelCom, and Bharti.
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.
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