ZTE Corporation : ZTE Selected by STC Group as Preferred Global Vendor
02/27/2013| 11:30pm US/Eastern
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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
ma.gaili@zte.com.cn
or
Edelman
PR
Diana Pong / Andres Vejarano
+852 2837 4734 / 2837 4735
diana.pong@edelman.com
andres.vejarano@edelman.com
© Business Wire 2013
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