Telecom Equipment News
- ZTE secures contract with India's Reliance
Date: 8-Dec-2006 Sources: (Shenzhen Daily)
ZTE Corp. has secured a US$700 million contract with India's Reliance Communications, The Standard reported, citing company officials.
Citing ZTE vice presidents Chen Jie and Huang Dabin, the Hong Kong-based newspaper said the contract involves 2.5 million mobile phones running over both GSM and CDMA systems. They declined to disclose further details saying a company announcement would be made at the end of the month, the newspaper said. ZTE now derives more than 50 pct of its total revenue from outside China, it added. Previous media reports said that Shenzhen-based ZTE would supply Reliance with 1,037 3G base stations, 3,300 GSM base stations and 2.5 million CDMA mobile phones.
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