ZTE TO WIN CNY5BN TENDER AGAINST HUAWEI, SOURCE SAID
AsiaInfo Services, December, 2007
AsiaInfo Services 12-27-2007 ZTE to Win CNY5bn Tender against Huawei, Source Said GUANGZHOU, Dec 27, 2007 (SinoCast via COMTEX) -- ZTE Corporation (SZSE: 000063) would win an IPTV bid valued at CNY 5 billion launched by the Guangdong branch of China Telecom Corporation Ltd. (SEHK: 0728 and NYSE: CHA) against Huawei Technologies Co., Ltd., said a market source on December 26, 2007. The Guangdong arm plans to invest CNY 5 billion in the following three years to upgrade its network and broadband of Internet protocol television (IPTV) to serve more subscribers.
Many IPTV facilities vendors, including ZTE, Huawei, UTStarcom (China) Ltd., and PCCW Ltd. (SEHK: 0008 and Nasdaq: PCCWY), are competing for the cake. Yet the Guangdong arm said that it would only choose one...
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