print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Financial Corporation "Sistema" press releases

Financial Corporation "Sistema"

May 18, 2011

ZTE Wins World's First CDMA EV-DO Rev.B Phase 2 Commercial Contract from Sistema Shyam TeleServices Ltd Also wins Network expansion contract for 10 circles in India

18th May 2011, New Delhi, India – 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 the world’s first CDMA EV-DO Rev.B Phase 2 commercial contract from Indian telecom operator, Sistema Shyam TeleServices Ltd (SSTL). SSTL operates its telecom services across India under the brand MTS and has over 11 million wireless customers. ZTE has also won the CDMA expansion contracts and EV-DO upgrade contracts for 10 circles of SSTL. The EV-DO Rev.B Phase2 commercial launch will commence in Rajasthan.

The commercial use of EV-DO Rev.B technology will greatly enhance the existing service speeds of mobile broadband for SSTL. Compared to EV-DO Rev.B Phase1, the Phase2 technology can further enhance the BTS cell capacity, spectrum efficiency and peak rate, achieving high speed rate as high as 4.9 Mbps in single frequency carrier and 14.7 Mbps in three frequency carriers bundle. At the same time, ZTE’s solution based on SDR Uni-RAN technology can realize the system upgrade by just changing the channel card and software, which would protect the investment of SSTL to the fullest.

“We are excited to partner with ZTE Corporation for further up gradation of our telecom network including the CDMA EV-DO Rev.B Phase 2 roll-out. This would enable us to cater to the fast growing demand for high speed mobile broadband in the country. SSTL currently provides high speed mobile broadband services in over 150 towns across India”, said Mr. Vsevolod Rozanov, President & Chief Executive Officer, Sistema Shyam TeleServices Ltd.

“We are very proud that we have won the world’s first CDMA EV-DO Rev.B Phase 2 commercial contract from SSTL and it serves to showcase our global leadership. This contract will serve to further enhance SSTL’s service offerings and strengthen the strategic partnership between the two companies. We will continue to provide world-class products and services to the Indian market and focus on enhancing our leadership position”, said Mr. Cui Liangjun, CEO, ZTE India.

ZTE and SSTL have been strategic partners since 2008. This win underlines that ZTE’s CDMA technology, engineering services and other integrated capabilities have been fully recognized by SSTL

ZTE is a global leader in CDMA technology. By Mar. 2011, ZTE’s CDMA base station capacity was raised up to 300 million lines and the cumulative shipments of CDMA base
stations has been more than 310,000. With a market share of 32.5% share of the CDMA market, ZTE is the global leader in the CDMA market. ZTE’s CDMA EV-DO Rev.B has been deployed by 7 operators in China, Indonesia, Morocco, Pakistan, Romania, etc. In CTIA Wireless 2011, ZTE stood out with the first CDMA ultra-compact multi-carrier “ZTE Gecko” base station and was awarded the “"CTIA 2011 emerging technologies award”.

About ZTE

ZTE is a leading global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while achieving continued revenue growth. ZTE’s 2010 revenue led the industry with a 21% increase to USD10.609 billion. ZTE commits 10 percent of its revenue to research and development and takes a leading role in a wide range of international bodies developing emerging telecoms standards. A company with sound corporate social responsibility (CSR) initiatives, ZTE is a member of the UN Global Compact. ZTE is China’s only listed telecom manufacturer, publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn. 

About Sistema Shyam TeleServices Ltd

Sistema Shyam TeleServices Ltd. (SSTL) is a joint venture between Sistema {LSE: SSA} of Russia, the Russian Federation and the Shyam Group of India. Sistema is the majority shareholder in the joint venture company which operates its telecom services under the MTS brand. MTS is well recognized in India and worldwide for its commitment to high quality and innovative telecom solutions. MTS has recently been ranked by Millward Brown as 80th most valuable brand in the world. In a short span of time, MTS in India has secured over 11 million wireless subscribers and under the MBlaze brand provides mobile broadband services to more than 600,000 customers in over 150 towns across the country. For more information, please visit www.mtsindia.in

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer