Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  ZTE Corporation    000063   CNE000000TK5

News SummaryMost relevantAll newsSector newsTweets

ZTE Corporation : ZTE Selected by STC Group as Preferred Global Vendor

share with twitter share with LinkedIn share with facebook
share via e-mail
02/28/2013 | 05:30am CEST

ZTE strengthens accord with biggest operator in Middle East & North Africa

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, was selected as one of the preferred global vendors by STC Group, the largest telecommunication services provider in the Middle East & North Africa.

The agreement between ZTE and STC Group, announced at the Mobile World Congress conference in Barcelona, will allow ZTE to offer its portfolio of network infrastructure equipment through a global price structure based on total business located in Bahrain, India, Indonesia, Kuwait, Malaysia, Saudi Arabia, South Africa and Turkey.

In the 2012 financial year, STC Group reported revenue increased 6.7% to US$15.8 billion.

About ZTE

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.

ZTE Corporation
Margrete Ma, +86 755 26775207
[email protected]
Edelman PR
Diana Pong / Andres Vejarano
+852 2837 4734 / 2837 4735
[email protected]
[email protected]

© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ZTE CORPORATION
10/18 Chinese firms look to World Cup to boost brands
10/18 ZTE : Overseas Regulatory Announcement Announcement Updates on the Acquisition o..
10/18 ZTE : Preliminary Results Announcement for the Nine Months ended 30 September 20..
10/18 AT&T : New Foldable ZTE Axon M With Dual Screens Transforms Mobile Entertainment..
10/18 ZTE : and JD.com Innovate for the 5G Future in Strategic Partnership
10/17 ZTE : The New Foldable Smartphone ZTE Axon M with Dual Screens Transforms the Mo..
10/16 ZTE : & BSNL Sign 5G and IoT MoU
10/13 ZTE : Azerbaijan’s telecommunication operators down investments for infras..
10/12 ZTE : starts promoting its mobile subdivision in Azerbaijan
10/12 ZTE : Patent Application Titled "Method and Apparatus for Configuring Terminal C..
More news
News from SeekingAlpha
10/18 Zte reports 9M results
08/24 Zte reports 1H results
07/12 China Mobile, ZTE teaming on 5G efficiency
06/28 WALL STREET BREAKFAST : Fed's Stress Tests - Part 2
06/28 Alibaba eyes ZTE's software arm
Financials ( CNY)
Sales 2017 111 B
EBIT 2017 6 205 M
Net income 2017 4 551 M
Finance 2017 11 586 M
Yield 2017 0,78%
P/E ratio 2017 28,04
P/E ratio 2018 25,57
EV / Sales 2017 1,02x
EV / Sales 2018 0,91x
Capitalization 124 B
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 25,2  CNY
Spread / Average Target -18%
EPS Revisions
Xian Ming Zhao President & Executive Director
Yi Min Yin Chairman
Da Xiong Xie Chairman-Supervisory Board
Zai Sheng Wei CFO, Non-Executive Director & EVP
Hui Jun Xu Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
CISCO SYSTEMS11.02%166 138
QUALCOMM-19.92%77 065
ERICSSON-9.50%20 193