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, has signed a global frame agreement with Telenor to supply ZTE power systems for the operator's base stations. According to the agreement, ZTE will have the opportunity to provide nine Telenor business units (including Norway, Sweden, Denmark, Hungary, Montenegro, Malaysia, Thailand, Pakistan and Bangladesh) with DC power systems (rectifiers) through to the end of 2013.

Telenor Group is one of the leading mobile operators in the world, with 140 million mobile subscribers and mobile operations in 11 markets, as well as a 31.7 percent stake in VimpelComwhich operates in 19 additional markets.

In the last few years, as telecoms industry competition has intensified, low total cost of ownership (TCO) has become the key factor for operators' long-term stable development. Bulk procurement has been adopted by more and more mainstream operators to optimise purchase costs. As the largest mobile service provider in Northern Europe with the fastest rate of subscriber growth in the world, Telenor Group began the centralised procurement of power systems last year, to obtain the best combination of price and performance for power solutions in different markets from long-term suppliers.

ZTE proposed high-efficiency DC power systems optimized according to the low TCO design concept set out in ZTE's 'Efficient Matrix'. This solution combines the most advanced high-efficiency modules with compact design, reducing both space requirements and power consumption. In addition, ZTE's advanced intelligent network management system can effectively lower the human resource requirements for product maintenance, further reducing TCO.

ZTE was selected for the quality of its solutions, and for its understanding of the requirements of different business units across the Telenor Group, which enables ZTE to provide customized solutions to each country.

"We are extremely glad to partner with Telenor and will endeavor to provide the most reliable power product and solutions, helping it to win larger markets and achieve faster growth," said Li Guangyong, General Manager of ZTE's power product line.

ZTE's power products have maintained industry-leading growth momentum in recent years. The company has ranked first in the Chinese telecom power market for several years and is in the top five in the global market. ZTE has established partnerships with 385 operators in 136 countries for its power products and is expanding in the European and American markets, while steadily developing markets such as China, Asia Pacific, Southeast Asia and Africa.