ZTE Gets Order for $3.1 Billion China Mobile Network

   Date:2007/04/10
ZTE Corp., China's biggest publicly listed telephone equipment maker, won orders from China Mobile Communications Corp. to equip part of the nation's first high- speed wireless network. 

The gear will help China Mobile build a network based on domestically developed wireless technology after negotiations are completed, ZTE said in a statement to the Shenzhen Stock Exchange, without specifying financial terms. ZTE clinched about 3.2 billion yuan ($414 million) in orders, according to Chinese industry group TD-SCDMA Forum.

The contracts are China Mobile's first orders for a network that may cost an estimated $3.1 billion, moving the world's largest mobile-phone market by subscribers a step closer to introducing so-called third-generation wireless services. The government has said it will offer 3G services for the 2008 Beijing Olympics.

Ericsson AB, which partnered with ZTE in bidding for the contracts, probably received about 260 million yuan in orders for the time-division synchronous code division multiple access gear.

Datang Telecom Technology Co.'s venture with Alcatel-Lucent won orders of about 2.45 billion yuan. TD Tech Ltd., a venture between Siemens Communications Group and Huawei Technologies Co., and China Putian Corp., will also supply equipment to China Mobile.

China Mobile's spending on the network will bloat to about 24 billion yuan after spending 7 billion yuan on network equipment, 12 billion yuan on infrastructure, and more than 4 billion yuan on handsets. China Communications Services Corp., the engineering unit of China Telecom Corp., may get contracts for construction.

The TD-SCDMA Forum was formed in December 2000 by eight companies to promote and develop the use of the technology. Members include China Mobile, China United Telecommunications Corp., China Telecommunications Corp., Datang, Huawei Technologies Co., Motorola Inc., Nortel Networks Corp. and Siemens AG.

Source:佚名

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