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
Edelman PR
Diana Pong / Andres Vejarano
+852 2837 4734 / 2837 4735

© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ZTE CORPORATION
08/19 ZTE : Madison Communication Bags PR Mandate of ZTE Telecom India
08/17 ZTE : Patent Issued for Method and System for Determining Delay Difference, Base..
08/17 ZTE : Patent Issued for Method, Device and System for Remote Management of Termi..
08/17 ZTE : Patent Issued for User Identity Authenticating Method and Device for Preve..
08/17 ZTE : Patent Issued for Realization Method and System for Enabling LLDP Function..
08/17 ZTE : Researchers Submit Patent Application, "Device Capability Negotiation Meth..
08/17 ZTE : Patent Issued for Method and System for Issuing and Acquiring Information ..
08/17 ZTE : Patent Issued for Method and Apparatus for Realizing Load Balance in Distr..
08/17 ZTE : Patent Issued for Dielectric Resonator and Filter Including a Dielectric C..
08/17 ZTE : Patent Issued for Method and Terminal for Processing Data Transmission Ser..
More news
News from SeekingAlpha
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
05/10 Sifting The Price Difference Between A Shares And H Shares (AH Premium) For V..
04/17 Zte reports Q1 results
Financials ( CNY)
Sales 2017 110 877 M
EBIT 2017 5 243 M
Net income 2017 4 470 M
Finance 2017 11 813 M
Yield 2017 0,97%
P/E ratio 2017 21,18
P/E ratio 2018 19,10
EV / Sales 2017 0,72x
EV / Sales 2018 0,63x
Capitalization 92 123 M
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 22,6  CNY
Spread / Average Target -2,9%
EPS Revisions
Xian Ming Zhao President & Executive Director
Yi Min Yin Chairman
Da Xiong Xie Chairman-Supervisory Board
Zai Sheng Wei Chief Financial Officer & Executive Director
Wei Yan Xu Member-Supervisory Board & Head-Audit Department
Sector and Competitors
1st jan.Capitalization (M$)
CISCO SYSTEMS0.50%151 852
QUALCOMM-20.37%76 637
ERICSSON-8.22%20 193