Telecommunication News
- ZTE, Telekom Malaysia ink supply deal
Date: 23-Oct-2007 Sources: (Shenzhen Daily)
ZTE Corp., China's second-largest telecom equipment maker, said yesterday it had inked a supply deal with Telekom Malaysia Bhd as it continues a drive into more developed overseas markets.
Under the agreement, Shenzhen-based ZTE will provide 70 percent of a purchase order for power products, including telecom equipment such as mixed-base station power systems and embedded power systems, it said in a statement.
No financial details of the agreement were given.
State-controlled Telekom Malaysia, the country's dominant fixed-line provider, ranks 37th in the world, according to the statement.
Domestic telecom gear makers, long established in emerging markets such as India and Africa, have made strides in recent years into more mature markets.
In March, ZTE Corp., which lists shares in Hong Kong and Shenzhen, scored its first infrastructure equipment deal in Britain.
ZTE's larger rival, Huawei Technologies Co., said in June it had won a contract to help Vodafone expand its Spanish third-generation telecom network.
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