20 January 2009, Shenzhen, China – ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, today announced it has won Telecom Asia’s 2009 IPTV Supplier Award, a telecom industry award honoring the leading equipment supplier of IPTV solutions. This follows ZTE’s other recent and significant IPTV industry recognition as the recipient of the “Best IPTV Equipment Award” from Frost & Sullivan.
Sponsored by authoritative industry media outlet Telecom Asia, the IPTV Supplier Award recipient is selected by over 56 industry analysts, consultants and senior industry executives worldwide. ZTE attributes its win to its advanced IPTV technology and global market leadership. To date, ZTE has won 23 commercial IPTV contracts worldwide accounting for 2.6 million IPTV subscribers.
“ZTE is honored to win this award,” said Chu Yanli, ZTE’s International IPTV Market Director for Multimedia and Terminal Product Lines. “In the past ten years, IPTV has grown rapidly to now reach more than 30 million subscribers worldwide. But it is also facing numerous challenges and difficulties, including how to continually advance IPTV technology and services to drive strong industry growth, and how to minimize CAPEX and OPEX to help operators increase profits. ZTE continues to lead the development of the IPTV industry through technological innovation and advancement, working cohesively with its partners to provide a continually evolving IPTV experience for users and operators,” continued Chu.
In 2009, ZTE won an IPTV capacity expansion project from Beltelecom, the VNPT IPTV project in Vietnam and the CANTV IPTV project in Venezuela. According to Frost & Sullivan’s latest report, ZTE now has the biggest IPTV market share in Asia and the third largest share in the global market.
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