ZTE Corporation (Shenzhen: 000063 Hong Kong: 0763), China´s largest listed telecommunications equipment manufacturer and leading wireless solutions provider, expands its operations in Singapore and the region with the opening of its Asia-Pacific headquarters in Singapore today.
The opening ceremony, held at ZTE´s new offices in Parkview Square, was attended by His Excellency Mr. Zhang Yun, the Chinese ambassador to Singapore; Mr. Ko Kheng Hwa, Managing Director of the Singapore Economic Development Board (EDB); and guests from telecom service providers.
"Singapore is the flagship market in this region: the local operators are focused on delivering the very latest technology to meet the demands of a sophisticated customer base," said Mr Yin Yimin, President and CEO of ZTE. "ZTE, with its ongoing commitment to R&D and rapidly-increasing global presence, is able to offer operators around the world a vast range of world-class telecommunications solutions.
"The Asia-Pacific region is particularly important to ZTE. By being close to our customers here in Singapore, and the rest of the Asia-Pacific region, ZTE is well-placed to offer local services and support to our valued customers," added Mr Yin.
Earlier this year the Corporation announced that it is to supply an Intelligent Network (IN) system to support the IDD prepaid customers of MobileOne Limited – the fast-growing Singapore mobile network operator. ZTE is also expanding rapidly in the Asia-Pacific region: in the last nine months ZTE has won contracts in Bangladesh, Laos, Indonesia, India, Vietnam, Thailand and Nepal.
"I congratulate ZTE on the official opening of its Asia Pacific headquarters in Singapore," said Mr. Ko Kheng Hwa, Managing Director of the Singapore Economic Development Board. "I am delighted that ZTE has chosen Singapore as a strategic base to spearhead its international expansion by leveraging on our strategic location, excellent infrastructure, extensive connectivity, strong human capital and pro-business environment.
"This is a ringing endorsement of Singapore´s suitability as a key location for Chinese companies to globalise their business. We look forward to forging a strong long-term partnership with ZTE."
Last year, ZTE continued its global expansion, with its solutions deployed in over 60 countries around the world. Overseas contract sales rose to US$1,644 million in 2004, representing a 169.5% year-on-year increase.
"ZTE is the largest listed telecommunications manufacturer in China," said Mr. Zhang Yun, the Chinese Ambassador to Singapore. "With its substantial investment into R&D, and its proprietary intelligent property rights, ZTE illustrates the strength of Chinese companies in high-technology markets. ZTE has quickly become one of the industry leading players around the world. I wish to thank the EDB on behalf of the Chinese government for the support and services offered to Chinese companies. We hope our sincere and fruitful cooperation make continue Singapore prosperity."
Later this year, ZTE will showcase its leading telecommunications solutions at CommunicAsia 2005 (held between 14-17 June at the Singapore Expo). On display at the ZTE stand (Hall 6, stand 6J2-07) will be the Corporation´s latest wireless achievements, including UMTS and WiMAX technologies, as well as ZTE´s IPTV service, digital office/family solutions and an exciting array of mobile phones.