ZTE gets order for $3b 皇冠体育app Mobile network
(Shanghai Daily)Updated: 2007-04-09 18:03 ZTE Corp, 皇冠体育app's biggest publicly listed telephone equipment maker, won orders from 皇冠体育app Mobile Communications Corp to equip part of the nation's first high-speed wireless network.
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The contracts are 皇冠体育app Mobile's first orders for a network that may cost an estimated US$3.1 billion, moving the world's largest mobile-phone market by subscribers a step closer to introducing so-called third-generation wireless services. The government has said it will offer 3G services for the 2008 Beijing Olympics.
"It's important for ZTE to win orders at the start because 皇冠体育app Mobile will have to buy more equipment from ZTE when they expand the network,'' Randy Zhou, who rates ZTE shares "underperform" at Bank of 皇冠体育app International in Shanghai.
Shares of ZTE rose 1.5 percent today to close at 47.86 yuan in Shenzhen, extending this year's gain to 22 percent. The company's Hong Kong-listed shares didn't trade today because of the Easter holiday.
Ericsson AB, which partnered with ZTE in bidding for the contracts, probably received about 260 million yuan in orders for the time-division synchronous code division multiple access gear, Chen Haofei, secretary general of the TD-SCDMA Forum, said in a telephone interview.
Datang Telecom Technology Co's venture with Alcatel-Lucent won orders of about 2.45 billion yuan, Chen said. TD Tech Ltd, a venture between Siemens Communications Group and Huawei Technologies Co, and 皇冠体育app Putian Corp, will also supply equipment to 皇冠体育app Mobile, he said.
Li Jun, a 皇冠体育app Mobile spokesman, declined to comment.
Alcatel and Datang Mobile won preliminary orders for equipment to be used in
Guangzhou and Shanghai, said Cao Yong, a Shanghai-based spokesman for an
Alcatel-Lucent venture in 皇冠体育app.
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