ZTE inks RMB1.33b CDMA contract with China Telecom

24 Nov 2008

Chinese equipment vendor ZTE has won a RMB1.33 billion (USD195 million) contract with China Telecom Corporation Limited for the first phase of a CDMA network construction project which will commence this year and will cover both wireless and service networks. Under the agreement, ZTE will provide China Telecom with CDMA wireless equipment, technical documentation and services worth RMB1.27 billion and service network equipment, technical documentation and services valued at RMB60 million. Other contracts for the construction of the core network and for the provision of additional telecom equipment are expected to be agreed upon by the two companies soon.

China, China Telecom Group, ZTE