27 June 2012, Shenzhen, China – ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, today announced that it has won a contract for 40 per cent of China Telecom’s 2012 broadband equipment procurement project. The 40 per cent share is the largest of any company participating on the project
China Telecom’s broadband equipment contract includes procurement of PON OLTs, FTTB MDUs, and broadband terminals. It includes for over 21 million units valued at approximately RMB4 billion. It is the largest broadband procurement project in the world in 2012.
Building IT infrastructure, including broadband, is a key part of China’s 2012 national development plan. China Telecom aims to increase its FTTH user base by 25 million, and to expand its FTTH coverage to more than 55 million households. With the new project, China Telecom also anticipates a total increase of 16 million to reach a total of 100 million its users.
"We are honored to continue to support China Telecom in driving national broadband development. With our expertise and experience in FTTH infrastructure, we are dedicated to partnering with leading operators to help them excel.” said Mr Fan Xiaobing, Vice President of ZTE Corporation.
ZTE is a leader in the global optical access market. With the rapid worldwide growth of FTTx deployments, ZTE’s PON sales have posted a more than 30 per cent compound annual growth rate over the past three years, topping both PON and OLT port shipments and market share in 2011.